You ask, I answer
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how else will you pay the balance? |
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delight0211
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Anyone who is willing to give credit wants to be sure they will be paid back. As long as you have some TAXABLE income source (you pay taxes on it) like a job, alimony, child support, or social security income and a decent credit, you could get a card. Even a secured card (where you put the funds up front) will require some income verification. Good luck. |
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Santal
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Typically credit card issuers want applicants to have income sufficient to cover expenses such as rent, food, etc. as well as the new credit. Income can be social security, salary, child support, etc. It does not have to be salary.
Some credit grantors charge higher interest rates to people who don't show much income because they are 'riskier.' This can work to your disadvantage so just be sure you understand the interest rate and terms when you agree to accept a credit card account.
A good way for young people to build a good credit history is to apply for a store account - like Macy's or Sears - and pay off the balance every month. Another is for a parent to co-apply or to add the person on an existing credit account. Take care to only do this if you are sure the other person has great credit or you may also inherit a bad credit report by associating your name with that person. |
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♥Pröƒé§§ôr♥
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Having a job would definitely build more points when you're applying to take out a credit card. Piece of advice: Don't get a credit card, it will just make you suffer in the end! Might not look like it right now but trust me, it's highly addictive! |
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tcb
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not necessarily but its a good idea. The first place to go would be a store credit card. jc penny or something but the interest rates are over 20% |
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Helper
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If you are over 18 and live with your parents you can report household income. But without a job you might have trouble getting approved. |
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the_Czech
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You don't necessarily have to have a "job" but you have to have some sort of income. Some people find ways to get income without working. |
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Tim
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How else would you pay back the charges?
Maybe if you had a huge bank account, but then you wouldn't be asking. |
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Samm G
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Yes |
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Richard C
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Simply, it helps........in almost all cases, yes - a job is vital. |
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AE N
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You need to have income to repay your debts. I think you should pay cash for now because your going to be in big trouble without learning to budget what you have now. |
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Insensitively Honest
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NO , they only want to trap you in a sea of debt , my girlfriends dad was disabled he had 500 a month coming in ,and they gave him a 9800.00 limit , they knew he had a 350 dollar a month car payment too so they knew he only had about 150 per month to survive on Discover gave him the 9800 dollar per month limit , then Amex gave him a 5000 dollar limit , paying bills builds credit , credit cards build debt. |
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Joseph F
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Get a secured credit card, this is were you put down say $500.00 and you can us it. This helps you build credit, but don't forget you have to pay every month on time. |
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Nicole
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No you dont have to have a job to get a credit card !!! but in most circumstances you need a job to pay back the credit card!! |
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Frank Castle
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Yes. |
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