@Skye12329 wrote:
@azguy13 wrote:
@myjourney wrote:
@Skye12329 wrote:So my sister turns 18 in september. Of which to get her started i was going to add her to my QS card as an AU to help. Going from there i was wondering if anyone knows of a lender who would be willing to give her a card without limited to no history because i know now all lenders consider AU as an account.
Add her as AU and for 6 months teach her about credit and she'll have scores after the 6 months
Then you can discuss what cards will suit her I.E. secured or unsecured
EDIT ....chase does not consider AU's when applying
I agree, make her an AU and then I would start her off with either a Cap1 or Discover Student, assuming she will be in college. Cap1 seems to be a good bridge from credit newbie to Prime
She will be going to college, so should she wait to apply for the Discover card will shes in college then or before?
I would definitely recommend having her wait until she has started college. I applied during my 2nd week. I’m glad I did because they request to see proof of my schedule, room assignment or something similar to that. They also asked to see my driver’s license, and a bank statement. Anyway after I uploaded all of that I just called them and they verified it and approved me for the card. It's a really easy process, but if your sister can't produce the college schedule I don't see her getting approved. I have referred a couple of my friends to the card (got $50 for each one I referred too!) and they were all approved after going through the same process! It's a great card too (and the customer service reps continue to impress me!) !
I have to chime in and recommend the BofA Cash Rewards student card since I know many people that got it in the same situation (new to credit, no history, student, etc) with decent starter limits ($700-$1200). The reward structure is really nice as well (3% gas, 2% groceries, and an extra 10% if she has a checking or savings account with them) so it's a great starter card in my opinion.
May 2013