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Best starter card with limited history

Regular Contributor

Best starter card with limited history

Hello all. Been a while since I've posted.

 

I'll keep thing short and sweet. My brother had a Citi Student card for about 6 months, but there was a security breach and then they inexplicably closed on him and wouldn't reopen his account (he didn't have any baddies or anything, they just kinda screwed him over). That was about a year ago, so he has limited history. He is a college student with $10k income.

 

Today he asked me what the best card for him to get would be. If I recall correctly, I think it was Wells Fargo that was guaranteeing the graduation of secured cards after 18 months in a CD. Is that correct? Or was that CitiBank?

 

What would you guys recommend?

 

Thanks

 

 

___________________________________

EQ FAKO: 779 (03/26/15)
TU FAKO: 785(03/26/15)
Citi Double Cash | Citi Forward | BankAmericard Cash Rewards | Amex Zync
Message 1 of 9
8 REPLIES
Valued Contributor

Re: Best starter card with limited history

He could probably get an unsecured card...

BofA Cash Rewards VS - $25k | Citi Double Cash World MC - $18.9k | Amex BCE - $50k | Discover it - $50k | Chase Freedom Unlimited VS- $10k | Barclay Ring $5k |
Message 2 of 9
Regular Contributor

Re: Best starter card with limited history

It would help me out if he would just pull his FICOs, but he's being cheap Smiley Happy

___________________________________

EQ FAKO: 779 (03/26/15)
TU FAKO: 785(03/26/15)
Citi Double Cash | Citi Forward | BankAmericard Cash Rewards | Amex Zync
Message 3 of 9
Valued Contributor

Re: Best starter card with limited history


jforsyth wrote:

It would help me out if he would just pull his FICOs, but he's being cheap Smiley Happy


Pulling just one should be fine, with thin credit its likely they're all similar enough.

BofA Cash Rewards VS - $25k | Citi Double Cash World MC - $18.9k | Amex BCE - $50k | Discover it - $50k | Chase Freedom Unlimited VS- $10k | Barclay Ring $5k |
Message 4 of 9
Frequent Contributor

Re: Best starter card with limited history

One FICO score, plus reports through AnnualCreditReport would be sufficient, I'd think. And perhaps an unsecured student card from Wells Fargo might be attainable. Or one of the other student cards out there. 


myFICO Starting Scores: TU 643 03.10.09 EX 676 01.09.09 EQ 638 05.24.09
Current Score: (WalMart FICO) TU 792 04.03.13 (Mortgage Lender - HP) EX 745 02.06.13 (Mortgage Lender - HP) EQ 771 02.06.13
Goal Score: 800+


Take the FICO Fitness Challenge
Message 5 of 9
Member

Re: Best starter card with limited history

tell him to try AMEX ZYNC my daughter got this card with no credit history at all

Message 6 of 9
Established Contributor

Re: Best starter card with limited history

Zync was one of the cards I tried to apply for originally with no credit history (not really knowing any better at the time) and they denied me because I didn't have any trade lines that were over 6 months old. That was back in 2010, so I don't know if the rules have changed.

Capital One would probably be a decent choice for a starter card. I know lots of people here at Cap1 haters (including myself for the Secured Card I have), but I haven't had any problems with the unsecured cap 1 card I have - above and beyond the fact that it really isn't going to grow.

EQ 679 FICO (02/24/2012)
TU 721 FICO (03/10/2012)
EX 703 FICO (05/05/2012)

Cards: NFCU cashRewards $14k, NFCU Platinum $14k, USAA Amex $7k, Amazon Visa $3k, Chase Freedom $2.5k, Amex Zync NPSL, Discover More $1k, Amazon Store $1.3k, Walmart Store $700
Message 7 of 9
Frequent Contributor

Re: Best starter card with limited history

Hmm, I'd actually like to see this credit profile that has absolutely "no credit history at all" and still allowed for the approval of an AMEX Zync Card. My inclination is that it's not so bare of trade lines to begin with.


myFICO Starting Scores: TU 643 03.10.09 EX 676 01.09.09 EQ 638 05.24.09
Current Score: (WalMart FICO) TU 792 04.03.13 (Mortgage Lender - HP) EX 745 02.06.13 (Mortgage Lender - HP) EQ 771 02.06.13
Goal Score: 800+


Take the FICO Fitness Challenge
Message 8 of 9
Valued Contributor

Re: Best starter card with limited history


simonlarano wrote:

Hmm, I'd actually like to see this credit profile that has absolutely "no credit history at all" and still allowed for the approval of an AMEX Zync Card. My inclination is that it's not so bare of trade lines to begin with.


Yes, I think they're a great card after the first approval (9 months later or so).

BofA Cash Rewards VS - $25k | Citi Double Cash World MC - $18.9k | Amex BCE - $50k | Discover it - $50k | Chase Freedom Unlimited VS- $10k | Barclay Ring $5k |
Message 9 of 9