11-17-2012 12:02 PM
11-17-2012 12:04 PM
Your best bet would be to either add your nephew as an authorized user or get him to apply for a secured card. Capital One also has a card that specifcally targets consumers without a credit history.
11-17-2012 12:14 PM
Most any secured card will approve him since there are no negatives. And there are good ones with most major banks and many CU's.
I would pick the secured card from someone who I wanted unsecured CC from in the future.
11-17-2012 12:16 PM
He initially thought of First Premier until I told him how bad an idea that is. According to the First Premier website, they charge card applicants a one-time "processing fee" of $95.00! Insane.
11-17-2012 12:55 PM
11-17-2012 01:01 PM
I'll +1 the secured card idea. Be aware it IS possible to be denied for a secured credit card though, cap1 denied me for theirs.
If he is a member of a CU or something, I would have him go there first, and if not, see if whoever he banks with offers any secured cards or other options for those starting out.
Is he still a college/grad student or no?
11-17-2012 01:11 PM
i added my brother to two of my cards and after 2 months of them reporting he applied for macys card and bofa basic cc and was approved for both. if you can add him as a AU that should help him