I just got approved for a $1,000 credit line for dell, with 29.99% APR, is this bad?

I really need a new computer, because im starting a new semester of college, and my computer is about to crap out. Seriously, anyday! I saw something that said 9 months 0%APR, with Dell care protection plan.. What should i do, by the way, the computer will be under $1,000, but im gonna pay about $300-$400 cash, so. PLEASE HELP.... What should i do, and no i dont have bad credit, i got no credit, 18y/o here....

I just got approved for a $1,000 credit line for dell, with 29.99% APR, is this bad?photoshop

29.99% is "SuperBad"

However, a $1000.00 is not bad to start off with. Most likely you'll pay that off in 9 months. If you use the card, pay it down on the spot with the $300-400.00 cash you have, then you can make regular payments every month. This will build your credit and keep you from eating that 29.99% APR.

If they start talking about increasing your credit line, DO NOT do it unless the APR is re-adjusted. You will pay dearly if per chance you purchase something above $1000.00 not having the ability to pay it off quickly.

Lastly, you have no credit and you're young; therefore, manage your credit sternly... it will pay off in your future. Cash is no longer king in this country... credit is.

I just got approved for a $1,000 credit line for dell, with 29.99% APR, is this bad?symatec