Quote:
Originally Posted by Nao
Yeah, I know they're only useful at the Citibank machines and a select few others. Luckily, Citibank isn't rare, according to their locations information. I plan to land with about ￥20,000 in local currency for fees until I can get to a machine.
I don't know too much about credit cards. Really cost no establishment fee, huh? Would I have to pay any fees at all if it goes unused? Wouldn't it negatively effect my credit somehow if I got the card and then canceled it a month later? Come to think of it, I think my bank (Bank of America) offers a special deal for students for a VISA credit card. My checking account is also a special student deal; I pay 0 fees, and can even overdraw once and not have to pay an overdraw fee. I'll definitely look into this. Thanks.
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If you are paying someone to allow you to borrow money, you are nuts. They give credit cards away for free. If you never use it, then you never need to pay them anything. Cutting your card in two and cancelling your account are two different things. You don't need to cancel your account when you get home, but if there is no card to use, your account will be idle. That doesn't hurt your credit one bit.