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| *Ostroff, Fair and Company>>>Credit |
What credit card can i get? |
i turned 18 this month and applied for a discover card and they turned me down because i have no credit history. so what credit card can i get? i have no history and never had a job my parents said they are going to pay for my card but which one can i get? go to creditcards.com and apply for everything. someone will approve you. Do not under any circumstances apply for a secured card. You want unsecured credit cards with the lowest rate you can possibly find. try Ochard bank or Chase ps for Dis or AMX u need 700 or more to ger a card from them Get a pre-paid credit card, you can fill it up and you can use on-line, over the phone shopping anywhere like a credit card since u have no credit established, you probly cant get one, if u can.. probly wont get much.. maybe $200 credit line. i'm 20 yrs old and ive been able to get 2 credit cards.. a visa and mastercard.. ive been paying on my mastercard for 6 months now and they gave me a $50 credit line increase.. but dont waste ur time with discover, american express or anything like that.. thats for people with good credit, high paying jobs.. Actually your age and no job will make it difficult for you to obtain a credit card. Unless you apply for a high risk card that are advertised on the internet. Which, I would discourage...for they charge too much interest and will grant a small amount of credit roughly $200.00 - $300.00. I would sugest getting a part time job especially in the summer months, open a checking or savings account....be careful not to overdrawl on the accounts. Then reapply several months later. You can try applying for a card with your parents as co-signors. You'll be sharing the account, responsibility, and the credit history with them. It's a good way to start building a little credit in your name - after a year or two, try applying for another card in just your name to start building your own credit history. Remember that "minimum payment due" is for suckers - if you don't pay off the entire balance every month, you'll end up paying way more in interest than it's worth, and possibly wind up in serious debt. First of all,you should not apply for more credit cards because that will hurt your credit and will show more hard inquiries in your credit report. A hard inquiry is when a potential lender pulls out your credit and it stays for two years in your credit report. My advice is, as long as your parents are going to pay off your credit card, consider a secured credit card from any bank -prefferably Wells Fargo Bank- to begin your credit with. A secured credit card is a type of credit card secured by a deposit account owned by the cardholder, that is you. When you go to the bank, they would explain more. Then after having a secured credit card, a few months later, you will find many offers for credit in your mail. if you need help how to maintain good credit and how to use your credit card in a way that will boost your credit score, please contact me at: admin@scratchnumber.com Good luck |
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