Thursday, December 15, 2011

How do i get a credit card without credit history?

I want my first credit card but every one I apply for wants to see my credit history. How can I possibly build a history if I cant get a credit card?!|||Get a credit card from local bank and pay it in time. You also can use this service to avoid common mistakes while buiding credit and pre-estimate future scores for different scenarios of payments - credit-report-score.10001mb.com|||The first thing you need to do is to stop applying, immediately. Excessive applying will keep you from being approved for 1-2 years.





After you have stopped appyling for a year or more, the next thing to do is to apply once, and only once, for a "secured" credit card, and no other type of credit card. A "secured" credit card is currently the only type for which you are likely to be approved with a credit history.|||It isn't easy to get your first credit card. Check with your bank. If you have a history with them, they are more likely to approve you. You will probably have to start with a secured card -- you pay a deposit which is held as collateral against the line of credit. Use the card and pay the balance in full every month. In about a year you should qualify for a regular credit card and/or convert the secured card to a regular one.|||There are lots of ways to build up a credit history...





Secured Cards


Co-Signers


Being added as an "authorized user"


Building credit history through utilities, a cell phone bill, or car lease





It seems like you really need to invest a little time in learning more about how your credit score works. I used the guide at http://howtofixyourcreditscore.info and it really helped me get my credit back on track.|||First you must be 18 before you will qualify for a credit card and you will want to have both a checking and savings in your name before applying.





Capital One Student credit cards will approve you even if you do not have any credit. My daughter turned 18 yesterday and had no credit - she was approved today for a small credit line through their student card program (link below).





I also suggested to her that she sign up for one year of credit monitoring through Equifax. This way she can see her credit build and how her spending effects her credit score.





Good luck to you!|||There are many student credit cards and beginner cards out there that have low limits, I got my first card when I was 19 and it had a $300 limit, after a few months of making payments on time it went to $600 and up from there.





this assumes though you have no credit, as opposed to bad credit.|||You need credit before getting a credit card. Most young people rely on their parents to co-sign. if that's not possible try getting a store credit card. Places like Wal-mart and BestBuy will sometimes give out credit cards but the interest rate is high.|||Go to a near by Rent-a -Center or Aarons and pay on a small item in monthly payments.

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