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NO Credit AT ALL, Who to apply with?

Epic Contributor

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.
Message 1 of 32
31 REPLIES
Super Contributor

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

www.capitalone.comSmiley Wink
Message 2 of 32
Senior Contributor

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: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Message 3 of 32
Moderator Emeritus

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.

Message 4 of 32
Regular Contributor

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,

 

Message 5 of 32
Established Member

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

My brother got approved for an AmEx Green with nothing on his credit report.
Message 6 of 32
Moderator Emeritus

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?

Message 7 of 32
Frequent Contributor

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)
Message 8 of 32
Established Member

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).

Message 9 of 32
Epic Contributor

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

citi Student needed further processing

Capital One Declined

Household offered Secured.

 

REALLY AMEX!!! 

Message 10 of 32