Stephen K
|
Get an easy one, like Capital One or American Express Blue |
|
Maria D
|
actually some banks will let you take out a loan. as little as $200. and that way you can build up your credit.. its recommended before takin that big step with a credit card |
|
nonldsinutah
 |
Do what I did:
I put $1000.00 in savings then got a $1000.00 secured loan through my credit union. I have the payments come out automatically and I cannot touch the money. This is reported to the credit bureaus as a positive trade line and really helps with the credit. |
|
Rick B
|
You are talking about a secured credit card - where you deposit money and get credit.
If you are this naive about credit, I WOULD NOT recommend that you get any! Very bad idea. You will get yourself into financial trouble. |
|
Dudley J
 |
You can have credit cards, car payments, and pay rent for the rest of your life on something you'll never own. The choice is yours. |
|
Gawel J
 |
U sound young and the best way would the the secure card, try with a credit union. the reason i say do the secure card is, if you get your self out of job for a family trip or some other inconveniant, you just called the card company and ask them to deduct the payment from the saving, but that will also reduce your credit liit. You dont wanna rely on the saving acoount too much. After 8 to 10 months you can apply for a normal credit card. But you might not want to pay off the secure card because the lenght of your credit history is wat is inportant not really paying on time. Paying your mortgage or car payment is a booster bi=ut not paying a 300/500 crdit card. |
|
L.G.
 |
ask your bank manager for a credit card application. be sure to read the fine print and note whether the interest rate is fixed or variable - and if there's any annual fee. As things stand, you're probably better off with a debit/ATM card and getting a gas card from your favorite filling station brand (Mobil,Texaco, Exxon, Shell, Gulf) and a charge card from a store that you use a lo such as Kohl's or Macy's. At least their interest rates are usually fixed and you always know where you are with them. But be sure to always pay more than the minimum monthly payment - and pay them off each month if at all possible. Credit cards are a bottomless pit.
You are establishing credit by paying on your student loans and by having utilities or phone service in your name. |
|
Dan
|
The first thing you could do is get a cell phone or some sort of bill on your name. This actually starts building your credit. A credit card will be really hard to obtain unless you have previous credit history. If you really want a credit card, then what you could do is talk to your bank and see if they have those credit cards where you deposit like $500 dollars into your credit account, which allows them to have a cushioning in case you are not able to pay the bill. |
|
Brian L
|
Your bank will want some history first. To get started there are some annual fee card out there that will start you out very small (like $200) and will up you from there. You have to use it and pay it at the end of the month so you don't pay interest. After 2 years or so, you will have up to a $3000 credit line. Once you get to about $1000 you can apply for an account from your bank. I like my banks card because it is easy to manage online. I used Cap 1 to get started and I think I paid $49 for my first card. That was 8 years ago and I have since closed it and now just use my bank's cards. I hope this helps. Good Luck! |
|
malleable
|
It's a human decision someone was turned down until her threatened to go to the mayor and they said he was approved in the same day that he said was going to mayor. Mind you he was turned the day before. |
|
Ayo A
 |
U could deposit something, usually $500.00 and they give u a credit card for that amount.
Alternatively, u could just apply for the card anyway, if u are approved: the amount would be small and the interest rate would be very high.
Either way, u have to pay a certain price before u could start a credit. |
|
just a mom
|
go and talk with one of the bank's officers. let them know that you just opened a bank account and you want to start building your credit, some of the ways you can do this is by also opening a savings account, another is if you purchase a certificate of deposit and wait a couple of months and then go borrow against it. There are several credit card companies that will let you have a credit card try a jewelry store with a in house account that would help. If you mom or dad have a credit card ask them to let you be a second signee on it even if you do not charge on it, that will also help but if you get a credit card be very choosy on it. also have your credit pulled go to all three credit bureaus and pull your credit it cost nothing you get a free one per year from all 3 of them transunion, experian, equifax. Do not have your credit pulled by other stores because that will beat the purpose of trying to build it. good luck |
|
angel81
 |
from what i understand means you open a checking meaining you got a checking book and a debit credit meaning you spend what you deposit, lets put it like this if you put 100 spent 99 and you'll be in good track don't apply for a credit card that will give you a higher amount like 500 dollars to spend or you'll be toast well unless you can follow this rule, if you spen $50bucks from that cc pay at least 40 or 30 back other wise theyll eat you with the interest |
|
B
|
gotta start somewhere, try with the bank that carrys your checking account, if not try at a local credit union, maybe start with a secured loan of some sort |
|
Kathy754
|
Be careful on opening credit cards. The more you open the more likely to have not a high credit score. Ask your bank about opening a credit card. But never be late or anything like that. Pay as soon the whole amount owed of the complete bill of the credit card as it is due or as soon as you get their bill so that you will have no interest also and it will also give you better credit for future. Ask the bank about this to make sure you understand how not to pay any money for this card! You can build your credit by paying school bills on time and off ahead of time by making extra payments at the time of paying the school bill payment. I suggest you ask your bank for other ideas on what you should do to have good credit for the future. |
|
Edward-Cullen-Obsessed
|
You have to be 18. |
|
xcccyk
 |
I am assuming you are at least 18 if you opened up a checking account in your name only...
Good ways to BUILD credit:
1. Obtain/maintain stable job.
2. Don't outlive your means.
3. Never EVER carryover a balance on your credit card when you get one...this means pay off the TOTAL balance every month - thus paying NO interest or fees.
4. Take out a small loan in your name to buy a car ($1000). After paying this off on time, this will build your credit score.
5. Don't move around too often - staying at same location shows stability to creditors. |
|
GG
|
sure go for it, but try capitol one. they usually are leniant with people with no credit |
|
joejohncvn70
|
apply for a $500.00 limit credit card then a couple months later take out small signature loans. pay them all off as soon as you can then you'll be started. then go out and by a automobile and you should be good to go! |
|
Fujoshi
 |
First you should ask to get a debit/credit card from your bank.
It will be attached to your checking account. It will be a debit card that can be use anywhere.
Then sit down with a person at your bank and ask them what they can do for you.
Be sure to look at details like an annual fee and the interest rate.
Don’t take ANYTHING with an annual fee.
Go with something your bank offers… They want to keep you as a long term customer and if you keep your money with their bank they are more likely to offer you a decent deal.
Don’t get more then 2 cards and keep your balance below $1000.00 TOTAL.
Pay it all off every month!!!!
Oh… and when you get in a long term relationship KEEP HIS OR HER HANDS OFF YOUR CARD.
Unless you put him/her on as an equal partner that is liable for the balance keep it in your pocket.
Letting your partner near your credit is the biggest mistake that young people make.
I learned the hard way and am still trying to dig myself out of the debt that my X-Fiancé left me in. |
|
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
