Originally posted by: amicold
Looking to get a credit card, I'm fairly young and have never had one before but now seems like a good time to start building a solid credit history. Anyone have any recommendations as to what to go with? Thanks.
Originally posted by: amicold
I understand, I was looking for something low limit so I could just put gas and maybe odds and ends on it to establish a good history until I can get a "real" card. Ha.
Originally posted by: RossMAN
Originally posted by: amicold
I understand, I was looking for something low limit so I could just put gas and maybe odds and ends on it to establish a good history until I can get a "real" card. Ha.
I would recommend saving up $300 - $500 and getting a secured credit card. When my sister turned 18 she had zero credit, applied for a secured cc and was approved. She used it for a year, making all her payments on time. 1 year later she applied for a "regular" rewards credit card, was approved and now routinely gets offers for $5k - $10k cc's.
Most local banks and credit unions offer secured credit cards. You'll get back your deposit + interest earned after you close your account.
Originally posted by: compuwiz1
Originally posted by: RossMAN
Originally posted by: amicold
I understand, I was looking for something low limit so I could just put gas and maybe odds and ends on it to establish a good history until I can get a "real" card. Ha.
I would recommend saving up $300 - $500 and getting a secured credit card. When my sister turned 18 she had zero credit, applied for a secured cc and was approved. She used it for a year, making all her payments on time. 1 year later she applied for a "regular" rewards credit card, was approved and now routinely gets offers for $5k - $10k cc's.
Most local banks and credit unions offer secured credit cards. You'll get back your deposit + interest earned after you close your account.
Is there anything inherently wrong with getting a CapOne or HSBC card? My daughter got them when she had no credit, abeit low limits of 3-500.
Originally posted by: RossMAN
Originally posted by: amicold
I understand, I was looking for something low limit so I could just put gas and maybe odds and ends on it to establish a good history until I can get a "real" card. Ha.
I would recommend saving up $300 - $500 and getting a secured credit card. When my sister turned 18 she had zero credit, applied for a secured cc and was approved. She used it for a year, making all her payments on time. 1 year later she applied for a "regular" rewards credit card, was approved and now routinely gets offers for $5k - $10k cc's.
Most local banks and credit unions offer secured credit cards. You'll get back your deposit + interest earned after you close your account.
Originally posted by: xeemzor
Originally posted by: RossMAN
Originally posted by: amicold
I understand, I was looking for something low limit so I could just put gas and maybe odds and ends on it to establish a good history until I can get a "real" card. Ha.
I would recommend saving up $300 - $500 and getting a secured credit card. When my sister turned 18 she had zero credit, applied for a secured cc and was approved. She used it for a year, making all her payments on time. 1 year later she applied for a "regular" rewards credit card, was approved and now routinely gets offers for $5k - $10k cc's.
Most local banks and credit unions offer secured credit cards. You'll get back your deposit + interest earned after you close your account.
Shouldn't you only need a secured card if you have really bad credit, rather than no credit?
Originally posted by: xeemzor
Originally posted by: RossMAN
Originally posted by: amicold
I understand, I was looking for something low limit so I could just put gas and maybe odds and ends on it to establish a good history until I can get a "real" card. Ha.
I would recommend saving up $300 - $500 and getting a secured credit card. When my sister turned 18 she had zero credit, applied for a secured cc and was approved. She used it for a year, making all her payments on time. 1 year later she applied for a "regular" rewards credit card, was approved and now routinely gets offers for $5k - $10k cc's.
Most local banks and credit unions offer secured credit cards. You'll get back your deposit + interest earned after you close your account.
Shouldn't you only need a secured card if you have really bad credit, rather than no credit?
Originally posted by: RossMAN
Originally posted by: amicold
I understand, I was looking for something low limit so I could just put gas and maybe odds and ends on it to establish a good history until I can get a "real" card. Ha.
I would recommend saving up $300 - $500 and getting a secured credit card. When my sister turned 18 she had zero credit, applied for a secured cc and was approved. She used it for a year, making all her payments on time. 1 year later she applied for a "regular" rewards credit card, was approved and now routinely gets offers for $5k - $10k cc's.
Most local banks and credit unions offer secured credit cards. You'll get back your deposit + interest earned after you close your account.
Originally posted by: bctbct
If you can get your parents to add you as an authorized user(you dont need a card) on their account, that would help your score in a few months. I think this loophole still works.
Originally posted by: BZeto
Since when is it hard to get a credit card? The card companies are usually targetting younger folks first.
Originally posted by: RossMAN
Originally posted by: amicold
I understand, I was looking for something low limit so I could just put gas and maybe odds and ends on it to establish a good history until I can get a "real" card. Ha.
I would recommend saving up $300 - $500 and getting a secured credit card. When my sister turned 18 she had zero credit, applied for a secured cc and was approved. She used it for a year, making all her payments on time. 1 year later she applied for a "regular" rewards credit card, was approved and now routinely gets offers for $5k - $10k cc's.
Most local banks and credit unions offer secured credit cards. You'll get back your deposit + interest earned after you close your account.
Originally posted by: homercles337
Originally posted by: RossMAN
Originally posted by: amicold
I understand, I was looking for something low limit so I could just put gas and maybe odds and ends on it to establish a good history until I can get a "real" card. Ha.
I would recommend saving up $300 - $500 and getting a secured credit card. When my sister turned 18 she had zero credit, applied for a secured cc and was approved. She used it for a year, making all her payments on time. 1 year later she applied for a "regular" rewards credit card, was approved and now routinely gets offers for $5k - $10k cc's.
Most local banks and credit unions offer secured credit cards. You'll get back your deposit + interest earned after you close your account.
They key is to keep a balance though. Dont pay off the balance every month. CC companies dont like people that pay off their balance.
Originally posted by: homercles337
Originally posted by: RossMAN
Originally posted by: amicold
I understand, I was looking for something low limit so I could just put gas and maybe odds and ends on it to establish a good history until I can get a "real" card. Ha.
I would recommend saving up $300 - $500 and getting a secured credit card. When my sister turned 18 she had zero credit, applied for a secured cc and was approved. She used it for a year, making all her payments on time. 1 year later she applied for a "regular" rewards credit card, was approved and now routinely gets offers for $5k - $10k cc's.
Most local banks and credit unions offer secured credit cards. You'll get back your deposit + interest earned after you close your account.
They key is to keep a balance though. Dont pay off the balance every month. CC companies dont like people that pay off their balance.
Originally posted by: homercles337
Originally posted by: RossMAN
Originally posted by: amicold
I understand, I was looking for something low limit so I could just put gas and maybe odds and ends on it to establish a good history until I can get a "real" card. Ha.
I would recommend saving up $300 - $500 and getting a secured credit card. When my sister turned 18 she had zero credit, applied for a secured cc and was approved. She used it for a year, making all her payments on time. 1 year later she applied for a "regular" rewards credit card, was approved and now routinely gets offers for $5k - $10k cc's.
Most local banks and credit unions offer secured credit cards. You'll get back your deposit + interest earned after you close your account.
They key is to keep a balance though. Dont pay off the balance every month. CC companies dont like people that pay off their balance.
Originally posted by: compuwiz1
Originally posted by: RossMAN
Originally posted by: amicold
I understand, I was looking for something low limit so I could just put gas and maybe odds and ends on it to establish a good history until I can get a "real" card. Ha.
I would recommend saving up $300 - $500 and getting a secured credit card. When my sister turned 18 she had zero credit, applied for a secured cc and was approved. She used it for a year, making all her payments on time. 1 year later she applied for a "regular" rewards credit card, was approved and now routinely gets offers for $5k - $10k cc's.
Most local banks and credit unions offer secured credit cards. You'll get back your deposit + interest earned after you close your account.
Is there anything inherently wrong with getting a CapOne or HSBC card? My daughter got them when she had no credit, albeit low limits of 3-500.
Originally posted by: homercles337
They key is to keep a balance though. Dont pay off the balance every month. CC companies dont like people that pay off their balance.
Originally posted by: homercles337
Originally posted by: RossMAN
Originally posted by: amicold
I understand, I was looking for something low limit so I could just put gas and maybe odds and ends on it to establish a good history until I can get a "real" card. Ha.
I would recommend saving up $300 - $500 and getting a secured credit card. When my sister turned 18 she had zero credit, applied for a secured cc and was approved. She used it for a year, making all her payments on time. 1 year later she applied for a "regular" rewards credit card, was approved and now routinely gets offers for $5k - $10k cc's.
Most local banks and credit unions offer secured credit cards. You'll get back your deposit + interest earned after you close your account.
They key is to keep a balance though. Dont pay off the balance every month. CC companies dont like people that pay off their balance.