Getting your first card?

[jamie123]

Some retail cards are easier to get than others. I would highly suggest apping for a Walmart card. They might start you out with a really low credit line but they are very generous with credit line increases.

You need to get just one card to start with and let it age for at least 6 months before apping for another card. I would suggest a Capital One credit card as your second card.

The first two or three cards can be difficult for a young person to get.

[Revelate]

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@Anonymous wrote:

I thought applying for to many cards within a short period of time and getting denied hurts your credit?

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With the exception of building out of a no-file or thin-file situation (mix of credit and open line positives), every new tradeline is a derogatory: sometimes that negative is 0 from a score perspective, but it is never positive.

If you search for "app spree" you'll see lots of commentary both for and against the practice.

[Anonymous]

Well thats what I'm asking I only want one card but I thought applying and getting denied to many times in one month makes your credit score bad?

[Anonymous]

Ok thanks revelate so your basically saying aplplying for cards and getting denied can be good or bad depending on whos eyes its in.

[Anonymous]

longer than a month. they stay on report for a year

[Anonymous]

why are you against the safe route of secured? less likely to get a denial and as i stated before,  if you dont screw up, they will make it unsecured and give you deposit back.

[Reincarnated]

I started off at 18 with a Wells Fargo secured card worth $300.

6 months later, I'm approved for an unsecured DiscoverIt Students (1k limit) and Bank Americard Cash Rewards 1-2-3 ($600 limit).

A couple months (now), I'm approved for an American Express TrueEarnings card with a 2k limit. Wells Fargo notified me that I will be upgrading to an unsecured card with them which is currently pending, and will be getting my $300 back.

Exciting!

[Anonymous]

Yea well I dont feel like dropping $300 on a card then waiting 8 months or so to get it back. I could take my $300 and invest it into my TD ameritrade account and buy more stock or mutual funds and try to build my worthness.

[myjourney]

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[Anonymous]

we gave you our opinion. go and apply for more cards. you may or may not get one. We are not underwrier's. We cant give you the answer, just peer to peer advice.