I was thinking of getting a credit card, but am unsure if I should or which to get should I do so. I've always been a cash/debit card payer, but there's some things that make me think it's worth investigating whether I should get a credit card. One, I miss out on all the cash back offers credit cards offer. Second, I've had my debit card stolen a few times on line. While I always got my money back, it just seems safer to me to have them stealing the credit card peoples money than my own. Lastly, it would help build my credit score. Not that I really need much credit, but you never know.
Until recently my credit score was zero. I did get a loan last year to buy a car and I've made I think 10 payments on time, but that's the only thing on my report. I own my house with no mortgage and have no other debt other than my car loan. So with that situation, I'm trying to figure out if there's a good fit out there for me and whether I should. I'd mainly use it like my debit card for stuff like gas, groceries and eating out. I don't want to apply to a bunch and get regected. Also likely complicating things is my job, which I've been at for 10+ years, is a tipping position and my income might look lower on papaer than it is in reality. Anyone have any thoughts on this? Thanks for any help.
Might want to check your exact score here on myFico to get a better idea where to start, but without any other info, Capital One Cash Rewards might be a good starter card, based on advice I've heard.
Discover It would be a better option if you can get approved, and its worth a shot. But Captial One you should have no problem getting and it will give you a revovling credit history. So along with that, pick one retail card from a store you frequent often like amazon/bestbuy/gap.oldnavy.banrep/walmart. Apply for it and if approved you may get the full on visa/mastercard or just the retail specific store card. With two cards you should be good to start and then move on to something with more rewards later on.
@Calculon wrote:I was thinking of getting a credit card, but am unsure if I should or which to get should I do so. I've always been a cash/debit card payer, but there's some things that make me think it's worth investigating whether I should get a credit card. One, I miss out on all the cash back offers credit cards offer. Second, I've had my debit card stolen a few times on line. While I always got my money back, it just seems safer to me to have them stealing the credit card peoples money than my own. Lastly, it would help build my credit score. Not that I really need much credit, but you never know.
Until recently my credit score was zero. I did get a loan last year to buy a car and I've made I think 10 payments on time, but that's the only thing on my report. I own my house with no mortgage and have no other debt other than my car loan. So with that situation, I'm trying to figure out if there's a good fit out there for me and whether I should. I'd mainly use it like my debit card for stuff like gas, groceries and eating out. I don't want to apply to a bunch and get regected. Also likely complicating things is my job, which I've been at for 10+ years, is a tipping position and my income might look lower on papaer than it is in reality. Anyone have any thoughts on this? Thanks for any help.
Welcome to the forums!!!!
I would recommend getting in with a local Credit Union and opening a secured card with them. Use can make deposits to up your CL and its a good way to get positive history for a year or so.
Thanks all for the replies. I bank at a small bank that only has two or three branches that's owned by my employer. That's where I got my car loan and to the best of my knowledge they don't offer any credit cards, though I can certainly call and ask.
My income looked pretty low last year, I think the $18K range on my tax return. It's going to be bigger this year, around $22-24K. My income looks low, but I don't have many bills either.
My looked at my score and it was 664 as of today, which puts me in the good section of the pie chart. They said I should apply for the Chase Freedom, which was one recommened by someone else in my situation, along with the Amex Blue.
One last question, how do I opt out of the trial for the credit report? I don't want to get charged $15 in two weeks. Thanks again.
@Calculon wrote:Thanks all for the replies. I bank at a small bank that only has two or three branches that's owned by my employer. That's where I got my car loan and to the best of my knowledge they don't offer any credit cards, though I can certainly call and ask.
My income looked pretty low last year, I think the $18K range on my tax return. It's going to be bigger this year, around $22-24K. My income looks low, but I don't have many bills either.
My looked at my score and it was 664 as of today, which puts me in the good section of the pie chart. They said I should apply for the Chase Freedom, which was one recommened by someone else in my situation, along with the Amex Blue.
One last question, how do I opt out of the trial for the credit report? I don't want to get charged $15 in two weeks. Thanks again.
I highly doubt you'll get approved with Chase without any revolving credit experience. They typically like to see at least one year of history on a credit card.
Call 1-800-319-4433 to cancel ScoreWatch trial
Starting Score: 515I was thinking about calling Chase to discuss whether I should apply for a card. I don't want to apply and get turned down. Is there a good number to do it?