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fauzool
Posts: 3
Registered: ‎05-31-2013
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Joint Credit Card Applications

I dont have all that good credit due to having low credit history and was curious if I was to do a joint account with one of my parents would that increase that chances of getting aproved for a credit card?

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Richierichdollar
Posts: 116
Registered: ‎03-10-2013
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Re: Joint Credit Card Applications

It is always best to get your own credit, no matter parents, wife or whatever. Just get a secured and rock out until you can get unsecured. Sorry to say but stuff happens and you dont want to be responsible for anyone else debt execpt your own.

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n777ua
Posts: 573
Registered: ‎05-29-2011
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Re: Joint Credit Card Applications

You don't really see joint credit apps that often anymore for credit cards.  I think the only joint credit card I have, which is actually a joint (non-au) account, is Discover.

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fauzool
Posts: 3
Registered: ‎05-31-2013
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Re: Joint Credit Card Applications

I agree with you both im just curious if joint app would help get approved i had a wf student card  CL:2100 and they closed my account (It was my first cc too which was odd) i paid on time and everything it was due to having my wf bank account closed because of bounced checks, now im just trying to get a cc tried to apply for one at Capital one and a few others Secure cards confuse me a little as well I pay money and i get a credit card with my money on it? Confusing a little

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myjourney
Posts: 26,659
Registered: ‎02-07-2013
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Re: Joint Credit Card Applications


fauzool wrote:

I agree with you both im just curious if joint app would help get approved i had a wf student card  CL:2100 and they closed my account (It was my first cc too which was odd) i paid on time and everything it was due to having my wf bank account closed because of bounced checks, now im just trying to get a cc tried to apply for one at Capital one and a few others Secure cards confuse me a little as well I pay money and i get a credit card with my money on it? Confusing a little


Think of a secured card as a bank account that you can't touch or certificate of deposit (CD)

Every time you purchase something you have to pay it back to show them you know how to manage your money

You only get your money back by closing the account or if they offer you an unsecured card

Hope this helps you better understand

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


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fauzool
Posts: 3
Registered: ‎05-31-2013
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Re: Joint Credit Card Applications

what would be the best secured card to go with? I hear bofa has a card after a year it becomes an unsecure card and u get deposits back if you make all payments on time

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myjourney
Posts: 26,659
Registered: ‎02-07-2013
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Re: Joint Credit Card Applications


fauzool wrote:

what would be the best secured card to go with? I hear bofa has a card after a year it becomes an unsecure card and u get deposits back if you make all payments on time


Correct about BofA
SDFCU

US Bank

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


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Creditaddict
Posts: 21,724
Registered: ‎10-23-2007
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Re: Joint Credit Card Applications

You have only had 1 credit card ever and it's paid $0 and closed?

You applied and were denied a Capital One Card?

Something is not adding up or have you not applied for anything yet and think you need secured or parents?


 

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HiLine
Posts: 3,092
Registered: ‎10-19-2012
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Re: Joint Credit Card Applications


fauzool wrote:

what would be the best secured card to go with? I hear bofa has a card after a year it becomes an unsecure card and u get deposits back if you make all payments on time


For cash rewards and reliable graduation, the Bank of America is the pack leader. The only drawback is that it is reported as secured. 


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