topic Re: Whats the best card for people new to credit? in Credit Cards

Whats the best card for people new to credit?

Anonymous — Sat, 05 May 2012 15:13:50 GMT

Besides a secured card or a capitol one card, what is the best card to app for without any credit history?

Re: Whats the best card for people new to credit?

Anonymous — Sat, 05 May 2012 15:15:24 GMT

Probably a credit union card. You could visit one and let them know what your situation is before getting started with a credit pull.

Do you happen to be a student?

Re: Whats the best card for people new to credit?

Brusilov — Sat, 05 May 2012 15:17:40 GMT

Are you a student? If so I would check out some of the student cards available. That or a card through your primary bank for checking are good places to start. Or pick out a good credit union and try through them.

Re: Whats the best card for people new to credit?

Anonymous — Sat, 05 May 2012 15:18:31 GMT

Im not a student but i plan to be in the fall. Is it not ok to say that I AM a student if I will be in 4 months??

Re: Whats the best card for people new to credit?

Brusilov — Sat, 05 May 2012 15:24:15 GMT

I would say if you're accepted to a college/uni and are kind of set to start in the fall then...meh, sure. Back when I got my Chase student card I really don't remember there being any sort of verification process but that might have changed. If it seems ethically dubious feel free to wait until you got books in hand.

Re: Whats the best card for people new to credit?

Anonymous — Sat, 05 May 2012 15:27:25 GMT

Look up student cards then. Discover is a good option.

Not sure how the actual process works, but I'm sure once you have been "accepted" into the school and you are matriculated/enrolled (spanish is making my mind crazy right now for the right word in english), you are a student.

Re: Whats the best card for people new to credit?

Anonymous — Sat, 05 May 2012 15:30:16 GMT

Yeah i tried for the Discover student card and they said I was denied because of no credit history. I asked them isn't that what student cards are for?? All she said was i'm sorry you can not be approved at this time. I dont get it.

Re: Whats the best card for people new to credit?

namvet — Sat, 05 May 2012 15:31:24 GMT

@Anonymous wrote:
Besides a secured card or a capitol one card, what is the best card to app for without any credit history?

Best to start your credit at your local bank or credit union.

Re: Whats the best card for people new to credit?

frogfan12 — Sat, 05 May 2012 15:33:30 GMT

As long as you're 18, they won't really check to see if you actually are a student. I got my first CC shortly after I turned 18 and I had just graduated from high school. You just need to have sufficient income and you'll be good.

Re: Whats the best card for people new to credit?

Anonymous — Sat, 05 May 2012 18:16:03 GMT

Capital One has a student Journey card and they approved me with no credit history at all. I would give that a shot. I started with a $500 limit and it even gives 1% cashback. I was in the credit steps program and after my 6th statement cut, I was bumped up to $750. After that you probably wont see any more increases because Capital One is conservative, but they'll approve you when no one else will. I would suggest getting that and using it for 6 months to 1 year and then applying for a better card. It's been 9 months since I opened that card and since I've been able to get Amex Zync, Discover More, and Bank of America Cash Rewards. Good luck!

EDIT: They actually don't ask for any student information on the application so people who aren't students can get this card as well. My mom got it when she was rebuilding and had no revolving credit. Just throwing that out there for people who aren't students, but have little to no credit history or damaged history

Re: Whats the best card for people new to credit?

2NE1 — Sat, 05 May 2012 18:32:48 GMT

@Anonymous wrote:
Capital One has a student Journey card and they approved me with no credit history at all. I would give that a shot. I started with a $500 limit and it even gives 1% cashback. I was in the credit steps program and after my 6th statement cut, I was bumped up to $750. After that you probably wont see any more increases because Capital One is conservative, but they'll approve you when no one else will. I would suggest getting that and using it for 6 months to 1 year and then applying for a better card. It's been 9 months since I opened that card and since I've been able to get Amex Zync, Discover More, and Bank of America Cash Rewards. Good luck!

EDIT: They actually don't ask for any student information on the application so people who aren't students can get this card as well. My mom got it when she was rebuilding and had no revolving credit. Just throwing that out there for people who aren't students, but have little to no credit history or damaged history

Are you saying that based on the fact that you had CapOne CC open for 9 months was your gateway to get AMEX Zync, Discover More and BoA? did you have any baddies? or previous late-payment history or no?

Re: Whats the best card for people new to credit?

Anonymous — Sat, 05 May 2012 18:37:41 GMT

@2NE1 wrote:
Are you saying that based on the fact that you had CapOne CC open for 9 months was your gateway to get AMEX Zync, Discover More and BoA? did you have any baddies? or previous late-payment history or no?

I'm 19, and a college student. I didn't have history before them at all. No student loans or anything. It was my first card. I had to recon the Bank of America, but Discover More and Zync were instant online.

Re: Whats the best card for people new to credit?

Anonymous — Sat, 05 May 2012 18:40:44 GMT

Well i have a secured cap1 reporting for three months and an unsecured cap1 reporting for 1. Im SO impatient!!

Re: Whats the best card for people new to credit?

xboxrunner — Sun, 06 May 2012 08:51:27 GMT

Consider looking at the Citi Forward for Students. Its a very good overall card. Check out some other Student cards from other banks as well.

Re: Whats the best card for people new to credit?

espnjunkie — Mon, 07 May 2012 14:27:24 GMT

Garden with what you have right now. 2 Tradelines is enough to get your credit history started, all you need right now is some time to age those accounts. Don't worry about your limits this early on, focus on paying everything on time and in full. Once you have a year of credit history under your belt it sould be much easier to get approvals.