No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I've been helping my brother get set up in the credit world. Prior to 6-8 months ago, he had no credit file at all (with no score available). I added him as authorized user on 4 of my cards (Discover, BofA, Captial One, Barclay's). 3 of them showed up in his report and he a score was generated. He's got a FICOs around 740s, but extremely thing file with no lines of his own
We decided to turn in some apps last weekend to get him started on some cards of his own, with some interesting results.
Cap One Quicksilver was an auto-decline. No letter received yet.
Chase Freedom was an auto-decline, received the letter today and it said he had an internal score of 784, however he was declined due to not enough credit history. We may call in to recon.
Amex BCE was auto-approved for $10k! Card arrived today.
Citi Double Cash was pre-qualified on the site, but it was not an auto-approval. It went into review and today it showed up as approved for $500, which is a great start.
BofA was an auto-decline, letter not received yet.
So, not a surprise that Amex is friendly towards thin credit files, but $10k, wow. Funny thing is, I'm on Amex BL and cannot get a card with them, and my brother started his credit profile as AU on my cards. Also nice that Citi is willing to take a chance on a newbie.
I'm a little surprised that Capital One was not willing to give him a chance. He was pre-qualified on their site for the QS1 and platinum, but I told him to go ahead and apply for the QS. At this point, I don't think he's going to go after another Capital One card. Also kind of surprised that Chase & BofA weren't willing to take a chance like Citi did with $500.
I think the next step will be to refer him to NFCU and try for a card and maybe a credit line so he can diversify his credit types. Maybe we'll wait 6 months and he'll still be under 5/24 so may try Chase again.
it seems new credit with no mess ups like us gets you far! lol- my bf also had no credit approx 6 months ago.. he got a snapon toolbox at work(yes i know its bad theres already been a discussion on this).. anyway a month after that he gets a $300 cap1 unsecure plat mc..3 months in he sees hes preapproved for QS1.. goes on chat gets QS!!!(took me 3 1/2 years! lo).. that same month i add him as an AU on my discover.. his fico shoots up 94 points!!! to over 700... this past month he applies for paypal 2% mc as he’ll use that card a lot - gets approved for SL of.... $3000!
hes also preappoved for 3 Amex cards but he doesnt care about them haha