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Have you checked the Pre-qualifications page at Capitol One, also Discover Card?,
you may have to be willing to settle for a Secured Card to Start off with.
this one offers a secure card with no hard pull, and some have reported a good experience with them.
OpenSky Secured Credit Visa® Card
They'll be some more forum posters to give you some good advice, soak it all in
@Anonymous wrote:
My scores are in the low to mid 700’s.
.
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The thing is that I don’t have any credit cards which means that I haven’t built a credit history.
To have a 700+ FICO score means you have something reporting on your profile. Loans(auto, mortgage, personal)? Some additional information like AOOA, and AAOA would be helpful.
+1 on checking for pre-qualifications at Cap1 (and other banks like Citi, BofA, Discover, Chase). That will give you a good indication of whether or not you're likely to be approved for anything.
I'd say you have decent chances for the Cap1 Platinum card, although I wouldn't expect a high credit limit - probably something like $300-$500, with a "promise" for a CL increase after 5 on-time payments. Still, not a bad offer... my best advice is to take a card that has no annual fee. Otherwise, you'll probably just end up cancelling it within the first year. Try to get something with no AF so that you can hold on to it for a long time to build solid revolving account history. Don't settle for something like a CreditOne card.
Total Loan Balance: $43k / $65k
Total SL: $78k
@wasCB14 wrote:I'm not sure what kind of history OP has, but at the low-mid 700's I would be aiming higher than Cap1 Platinum.
Maybe an unsecured Discover or Chase Freedom. If going the Cap1 route, maybe a QS (rewards, no AF).
While OP's score is good (heck, it's even a lot better than mine!), their thin file with no revolving accounts could make it difficult to qualify for a really good card right now. Might need to have a few months with a mediocre card to establish revolving history before Chase, et al, would approve it.
That said, it's easy to find out- all of those banks have pre-qualification tools on their websites, you can see what cards you'd (probably) qualify for without taking a HP hit. So it's worth a try, there's nothing to lose.
I'd agree that a Freedom or FU, or something similar, would be better than a Cap1 Platinum, but OP may not have that luxury of choice quite yet.
Welcome, @Anonymous.
You could help us help you by listing any accounts that appear on your credit reports, along with the month and year they were opened. It's likely that you can qualify for an unsecured card, although that's not an option with every bank at this point.