Reply
New Member
Posts: 3
Registered: ‎11-21-2012
0

Getting a credit card with no credit history.

I'm a college student with a student account at chase bank little over a year now.

I want to start building credit.

How and where should I start? Advice? Suggestions?

I tried applying for chase freedom card but rejected 

 

" Few revovlving accounts opened long enough to establish credit history"

"Not enough accounts opened long enough to establish a credit histyory"

 

Blogger
Posts: 3,360
Registered: ‎10-19-2012
0

Re: Getting a credit card with no credit history.

Bank of America's Bankamericard Cash Rewards secured credit card is the way to go. I did this, and 10 months later got a Visa Signature and an Amex in my portfolio.

Valued Contributor
Posts: 1,673
Registered: ‎11-11-2012
0

Re: Getting a credit card with no credit history.


Trancemeow wrote:

I'm a college student with a student account at chase bank little over a year now.

I want to start building credit.

How and where should I start? Advice? Suggestions?

I tried applying for chase freedom card but rejected 

 

" Few revovlving accounts opened long enough to establish credit history"

"Not enough accounts opened long enough to establish a credit histyory"

 


What about applying for a student card.  Chase has one called Chase +, which has some odd requirements (like needing a facebook account) and gives gift cards.  Don't know much about it, but since you already have a relationship with Chase it might be worth a try.  Otherwise,  I would recommend Capital One Journey card for students.  My freshman daughter just got one with no problem.   Gives 1% back, + a bonus .25% if you pay on time each month.

 

Or, as others have said, you can try a secure card from a good lender.

Blogger
Posts: 3,360
Registered: ‎10-19-2012
0

Re: Getting a credit card with no credit history.


bs6054 wrote:

Trancemeow wrote:

I'm a college student with a student account at chase bank little over a year now.

I want to start building credit.

How and where should I start? Advice? Suggestions?

I tried applying for chase freedom card but rejected 

 

" Few revovlving accounts opened long enough to establish credit history"

"Not enough accounts opened long enough to establish a credit histyory"

 


What about applying for a student card.  Chase has one called Chase +, which has some odd requirements (like needing a facebook account) and gives gift cards.  Don't know much about it, but since you already have a relationship with Chase it might be worth a try.  Otherwise,  I would recommend Capital One Journey card for students.  My freshman daughter just got one with no problem.   Gives 1% back, + a bonus .25% if you pay on time each month.

 

Or, as others have said, you can try a secure card from a good lender.


+1

 

Student cards are a great option too. Capital One and Discover both have credit cards targeting college students, with low limits and high APR's.

 

Valued Contributor
Posts: 1,673
Registered: ‎11-11-2012
0

Re: Getting a credit card with no credit history.


HiLine wrote:

bs6054 wrote:

Trancemeow wrote:

I'm a college student with a student account at chase bank little over a year now.

I want to start building credit.

How and where should I start? Advice? Suggestions?

I tried applying for chase freedom card but rejected 

 

" Few revovlving accounts opened long enough to establish credit history"

"Not enough accounts opened long enough to establish a credit histyory"

 


What about applying for a student card.  Chase has one called Chase +, which has some odd requirements (like needing a facebook account) and gives gift cards.  Don't know much about it, but since you already have a relationship with Chase it might be worth a try.  Otherwise,  I would recommend Capital One Journey card for students.  My freshman daughter just got one with no problem.   Gives 1% back, + a bonus .25% if you pay on time each month.

 

Or, as others have said, you can try a secure card from a good lender.


+1

 

Student cards are a great option too. Capital One and Discover both have credit cards targeting college students, with low limits and high APR's.

 


Well, I agree the APRs are high, but my daughter got $2K straight away, and with the 1.25% back, that's not too bad for her first card.

Frequent Contributor
Posts: 385
Registered: ‎02-06-2009
0

Re: Getting a credit card with no credit history.

I think a student card from a major issuer is the way to go. Personally, I like reward cards and would recommend the Citi® Dividend Platinum Select® Visa® Card for College Students. The Journey Student Rewards Credit Card is another option, but some people in the forum don't like Capital One.


11/02/2012 Peak - EQ 790 (ScoreWatch EQ FICO)
01/06/2015 Current - TU 831 (Walmart MasterCard TU FICO 08 Classic)
GOAL - 800! - App free since 05/18/2015
Frequent Contributor
Posts: 346
Registered: ‎02-01-2012
0

Re: Getting a credit card with no credit history.


bs6054 wrote:

Trancemeow wrote:

I'm a college student with a student account at chase bank little over a year now.

I want to start building credit.

How and where should I start? Advice? Suggestions?

I tried applying for chase freedom card but rejected 

 

" Few revovlving accounts opened long enough to establish credit history"

"Not enough accounts opened long enough to establish a credit histyory"

 


What about applying for a student card.  Chase has one called Chase +, which has some odd requirements (like needing a facebook account) and gives gift cards.  Don't know much about it, but since you already have a relationship with Chase it might be worth a try.  Otherwise,  I would recommend Capital One Journey card for students.  My freshman daughter just got one with no problem.   Gives 1% back, + a bonus .25% if you pay on time each month.

 

Or, as others have said, you can try a secure card from a good lender.


I believe they discontinued the Chase +1 card. 

Valued Contributor
Posts: 1,967
Registered: ‎03-30-2012
0

Re: Getting a credit card with no credit history.

Chase nixed the +1 card.

 

Easiest one to get with little to no history is probably the Capital One Journey to be honest.

Scores 5/13/2014: TU FICO: 639 | EQ FICO: 645| EX AMEX FICO: TBD

In my new wallet: American Express Green EMV: PSL $2000 | BankAmericard Cash Rewards Visa EMV: $2500 | BarclayCard Rewards Average: $2000 | Travelocity Rewards AMEX: $1050 | Discover IT: $2500 | Amazon Rewards Visa: $1500 | Chase Freedom: $1500 | Sportsman's Guide Visa: $3000 | Capital One QuicksilverOne MasterCard: $1600 | Target: $700 | J.Crew $9950
Established Contributor
Posts: 560
Registered: ‎09-29-2012
0

Re: Getting a credit card with no credit history.

Student cards from Citi or Discover.

 

The Citi Dividend Student Card says "no co-signer is needed"

Established Contributor
Posts: 731
Registered: ‎08-12-2011
0

Re: Getting a credit card with no credit history.

[ Edited ]

I had a Discover card and a Citi card during and after college. After I treated them well I then had a platinum credit card in the 90's. I wish I had never closed them over a decade ago.

 

I too would skip the BoA Secured card and go straight for student cards offered by the prime people. You did not mention if you have any loans in repayment with good history or auto loans with positive history, etc.  If so that helps your chances for sure. Just skip Bank of America. I'm not a Capital One fan either, but it might be a good option for you. 

 

Just watch your spending and don't miss payments. Even if you are broke as a joke, do whatever you can to make your minimum payment every month. 

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.