Card for someone with no credit history?

[Anonymous]

My brother decided he would like to get his first credit card. He's 23 years old, makes 75k a year, and is still technically a student. He wants to avoid annual fees and secured cards if possible.

I heard Discover It or Chase Amazon might be good options... Can anyone confirm or have other recomendations?

[Anonymous]

Have him prequalify for a capital one....I think that is the safest best route to start if he has 0 credit. He can also prequalify for other cards such as discover (please read the other discover threads to determine if his prequalify is a good one before he applies). Try to avoid credit one, first premier etc (cards with low SL and high AF/APR). 

[Anonymous]

Capital One is great at giving chances to people when other lenders typically say no. Capital One has the "Credit Steps" program and he would most likely be placed into that program where after 5 months he can qualify for a credit increase with ontime responsible payments. 

[Anonymous]

@Justagirl73@

I agree,(IF) it was me though $10k SECURED (WF)

When unsecured

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°Visa Sig major+;possible upgrade!

°Banks see gd management of $10k!



!😃😆😃***😃😆😃!

[Themanwhocan]

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@Anonymous wrote:
My brother decided he would like to get his first credit card. He's 23 years old, makes 75k a year, and is still technically a student. He wants to avoid annual fees and secured cards if possible.

I heard Discover It or Chase Amazon might be good options... Can anyone confirm or have other recomendations?

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We need to know what his FICO score is, not to mention if he even has one... Have him sign up at creditscorecard.com to find out his Experian FICO 08 score, for free.

If you can tell us at least one FICO score, we can give you better advice on how to proceed.

[Anonymous]

He doesn't have a fico score. He's never had a credit card or a loan.

[Anonymous]

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@Justagirl73 wrote:

Have him prequalify for a capital one....I think that is the safest best route to start if he has 0 credit. He can also prequalify for other cards such as discover (please read the other discover threads to determine if his prequalify is a good one before he applies). Try to avoid credit one, first premier etc (cards with low SL and high AF/APR). 

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I totally agree on the particular credit cards to avoid. Do not apply for any of those bad credit cards like First Premier or Orchard Bank(sold to CapitalOne a few years ago). First Premier is horrible. I had it for a few years. They charge you 6-7 bucks a month just to keep the card.  If someone with no credit that wants to build up their credit, I highly recommend doing some research first before jumping into those bad credit cards. If it was me, first, I would try to find one with no annual fee or no monthly fee. Second, I would go to WellsFargo or BOA and apply for their unsecured cards. Lastly, apply for them bad cards. Good luck.

[Anonymous]

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@Anonymous wrote:
My brother decided he would like to get his first credit card. He's 23 years old, makes 75k a year, and is still technically a student. He wants to avoid annual fees and secured cards if possible.

I heard Discover It or Chase Amazon might be good options... Can anyone confirm or have other recomendations?

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If your brother is serious. He should purchase a monthly credit report. It's only around $15 a month. I don't mean to be strict and tough, but purchasing credit report is like purchasing an personal trainer at the gym. Good luck to your brother.

[darwin_wins]

Go to Discover and see if he pre-qualifies for their card with fixed APR or a small APR range (for example: 15-18 instead of  15-23). Also try a pre-qualify on AmEx as both AmEx and Discover are pretty good if you are new to credit

[Themanwhocan]

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@Anonymous wrote:
He doesn't have a fico score. He's never had a credit card or a loan.

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Then I suggest the Discover It Student card.

https://www.discovercard.com/application/displayLanding?pageFileId=double-paidsearch-student-chrome&sc=RJRN&iq_id=r43700012217673808&cmpgnid=ps-dca-google-student-brand&gclid=CJft1-P--M0CFYIBaQod1AQAJA&gclsrc=aw.ds