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Epic Contributor
Posts: 28,342
Registered: ‎10-23-2007
0

NO Credit AT ALL, Who to apply with?

I'm helping a friend out, will someone like Citi Bank approve a card with no credit or does he need to head to Capital One or Household Bank?  I would like to see him get the best cards at first so he doesn't have to go back later and replace bad cards once he has credit.
I may have left the garden 06/20/2016 Smiley Tongue
Partner Joined Garden 04/11/2016
Super Contributor
Posts: 5,759
Registered: ‎01-28-2008
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Re: NO Credit AT ALL, Who to apply with?

www.capitalone.comSmiley Wink
Senior Contributor
Posts: 3,839
Registered: ‎01-10-2008
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Re: NO Credit AT ALL, Who to apply with?

if i had to start over, i'd start with a CU cc >>> then app major bank after about 6mos - 1year.
DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Moderator Emeritus
Posts: 16,385
Registered: ‎03-12-2007
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Re: NO Credit AT ALL, Who to apply with?


score_building wrote:
if i had to start over, i'd start with a CU cc >>> then app major bank after about 6mos - 1year.

I agree, or you could apply with the bank you have your accounts with.

Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring World Mastercard ~ Chase Freedom Signature Visa ~ CITI Dividend World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Regular Contributor
Posts: 163
Registered: ‎08-27-2008
0

Re: NO Credit AT ALL, Who to apply with?

Then you should avoid HSBC, they're unlikely to give him a card that will grow with his credit,  CapOne probably wont either, low initail CL and higher IR,

 

Tell him to look into a  secured card thru Addison Ave Credit Union, it looks like a good product to start with,

 

Good luck,

 

Established Member
Posts: 17
Registered: ‎08-26-2009
0

Re: NO Credit AT ALL, Who to apply with?

My brother got approved for an AmEx Green with nothing on his credit report.
Moderator Emeritus
Posts: 16,385
Registered: ‎03-12-2007
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Re: NO Credit AT ALL, Who to apply with?


LLinsure wrote:
My brother got approved for an AmEx Green with nothing on his credit report.

I assume he didn't have any FICO scores? When was this?

Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring World Mastercard ~ Chase Freedom Signature Visa ~ CITI Dividend World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Frequent Contributor
Posts: 284
Registered: ‎05-11-2009
0

Re: NO Credit AT ALL, Who to apply with?

CU is the way to go.
Aim to be fiscally and physically fit...
EQ - 723 FICO as of Aug 2010
TU - 757 FICO as of Sept 2010
EX - 742 FICO as of Oct 2010 (PSECU)
Established Member
Posts: 17
Registered: ‎08-26-2009
0

Re: NO Credit AT ALL, Who to apply with?

It was about 2 months ago. He was declined by Chase, Discover, & Kohl's but AmEx took him right away. He does have a decent income though (50K).

Epic Contributor
Posts: 28,342
Registered: ‎10-23-2007
0

Re: NO Credit AT ALL, Who to apply with?

citi Student needed further processing

Capital One Declined

Household offered Secured.

 

REALLY AMEX!!! 

I may have left the garden 06/20/2016 Smiley Tongue
Partner Joined Garden 04/11/2016

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