No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Applied got the leter and was not approved obviously. But wanted to give it a try. I applied for the buckle credit card issued by Comenity Bank. Okay so I received my letter and it says MY fraud risk score as of 11-25-12 is 595 range from 0-999? what!? My question is what is a fraud risk score dont like the sound of that one
most significant factors that affected my approval was
lack of revolving trades or at or above credit limit on new revolving trades
low level verification
lack of new credit activity
low level of validation
+1 It's an internal proprietary score.
@Cageym I really want to begin my credit, nd didnt really focus on the fact I don't have an annual income.Yea I'm aware that an annual income is needed but like I mentioned i wanted to give it a try. But now I saw that no annual income is a no go no matter what
I was in your shoes 2 years ago. I'm currently 20 I'll be 21 in May. Obviously the income is the biggest issue but you lack public records such as address verification and so on so that is an issue as well. As much as you probably don't like to hear this but Cap One gave me my start, I was approved for an unsecured platinum visa with a $500 limit when I started my credit journey (albeit my income was $13,000) was in the steps program -- limit bumped to $750 and it's been that way almost 3 years now. But again, they gave me my start - now I'm in with Amex and Chase. Don't litter your credit report with inqs like I did when I was your age - apply for stuff you know you have a chance at such as a secured or unsecured builder card - don't waste HPs on store cards and prime cards as you will get denied every time - it took almost a year with Cap One before I started getting approved for store cards. I started my journey on my own, I wasn't an AU on anyones cards or anything and the temptation to max cards out when your young is a lot but you gotta resist - it's a pain if you do, believe me... I've been there.
@BearsAndTurtlesRtheBest wrote:I really want to begin my credit, nd didnt really focus on the fact I don't have an annual income.Yea I'm aware that an annual income is needed but like I mentioned i wanted to give it a try. But now I saw that no annual income is a no go no matter what
Nice to hear of a young person so curious about the credit world. Have you tried asking your family to add you to their credit accounts as an authorized user?
@HiLine Thanks! Yes Ive tried but like @CotySinz said since I lack public records as to my address it automtically reports to my dads repot because we have the same name and live in the same address. So thats not possible.
@BearsAndTurtlesRtheBest wrote:@HiLine Thanks! Yes Ive tried but like @CotySinz said since I lack public records as to my address it automtically reports to my dads repot because we have the same name and live in the same address. So thats not possible.
Do you each have Sr. and Jr. after your names? I get mixed up with my dad but not that frequently, because I always use Jr. and he Sr..
i think the best thing would be to try to get you an account of your own, and a couple AU's.
1. Get a job
2. if they'll add you as an AU see if they'll go joint with you. Macy's in person if you apply with the primary applicant listed on top they'll only pull their report if their score is above 720 and won't even pull yours and automatically get approved for 2 lines of credit. after you built your history it might be possible to remove a person off the account as long as it's PIF. (not sure about the removal part, but seems logical)
@CotySinz WOW you have great cards! Yea your right about littering my credit report with credit inqs I will not do that. SO I will stop and try to get an income that I can include when applying for my next credit card which will not be until I have that job Hope to be in your shoes by the time I turn 20. thanks for your advice!