Credit cards?

  1. I saw a tid-bit about credit cards for nurses. Does anyone use credit cards that are designated for nurses? Any info? I saw a Bank of America card that is connected to Sigma Theta Tau but I can't find any others. Thoughts?
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  2. 15 Comments

  3. by   Hospice Nurse LPN
    I just use the VISA issued by my credit union. 9% interest, but I always pay it off Q month.
  4. by   JennyRNy
    Never heard of this, but I'm interested.
  5. by   roser13
    Credit cards are credit cards. Makes no difference who they're "designated" for.

    The interest charges will be the same.
  6. by   learning&yearning
    Quote from roser13
    Credit cards are credit cards. Makes no difference who they're "designated" for.

    The interest charges will be the same.
    I figured that but the one I listed said they donate to nursing research. I didn't read enough about it to know any details yet.
  7. by   roser13
    Quote from learning&yearning
    I figured that but the one I listed said they donate to nursing research. I didn't read enough about it to know any details yet.
    That's exactly how the unwary are sucked into paying exorbitant interest rates and banking fees.

    Please, in the name of nurses everywhere, pay attention and be an educated consumer. Not everything that is labeled 'nurse' is good for the profession or for you.
  8. by   learning&yearning
    Quote from roser13
    That's exactly how the unwary are sucked into paying exorbitant interest rates and banking fees.

    Please, in the name of nurses everywhere, pay attention and be an educated consumer. Not everything that is labeled 'nurse' is good for the profession or for you.
    I do intend on educating myself on the manner, which is why I'm asking here and accessing other resources.
    Geez, I thought we were supposed to ask questions...
  9. by   canesdukegirl
    OP, you are supposed to ask questions. I am glad that you did.

    I would be wary of credit cards in general. If you must have one to keep your credit rating good (and this is suggested by my hero, Clark Howard), pick whichever one you want as long as you pay the balance off each month and the interest rate is good.
  10. by   learning&yearning
    Quote from canesdukegirl
    OP, you are supposed to ask questions. I am glad that you did.

    I would be wary of credit cards in general. If you must have one to keep your credit rating good (and this is suggested by my hero, Clark Howard), pick whichever one you want as long as you pay the balance off each month and the interest rate is good.
    THANK YOU. I am familiar with credit cards as I've had them for several years now. I was interested in learning more about the cards specific to nurses. Maybe it's my new grad enthusiasm.
  11. by   LMT2BSN
    lol. your question is just not getting answered.
    I know that there is an American Nurses Association Platinum MasterCard, that offers "nursing specific rewards". But that sounds a little gimmicky and I'm interested in what exactly those rewards are.
  12. by   Not_A_Hat_Person
    I avoid anything involving Bank of America, including their credit cards.
  13. by   llg
    If the bank and nursing organization or acting honorably, this is how it works. The bank pays the nursing organization for their use of their name on the card. A portion of the bank's profits go to support the organization. A close friend of mine who is an officer in such an organization told me that her organization gets a significan amount of money from "their" card -- which helps keep dues low.

    But whether or not any specific card is good for you or not depends upon the specific terms of that card ... your specific financial situation ... etc. Be sure you know both before "signing on the dotted line."

    I've had a credit card my whole adult life. I don't pay an annual fee and I pay it off in full each month to avoid paying any interest. So it doesn't cost me anything and I like the convenience. I have also benefitted by the rewards that come with the card. However, many other people can't resist the temptation that comes with having a card and end up buying things they can't afford with it. That practice gets them into financial trouble. I have compassion for them, but I don't let their poor judgment dictate my decisions.
  14. by   Silverdragon102
    moved to the Personal Finance, Home, and Business Development forum

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