Credit Tips: Tips For Credit Cards With No Credit History

Posted On: August 6, 2006

Author: ImPulSiVe
Posted: Sun Aug 06, 2006 1:57 pm
Post subject: I have no credit history… And have no idea what im doing!

Alright, as the title mentions, I have no credit history and my parents are afraid to “cosign” anything for me.

The whole reason for me wanting a credit card is to establish credit so that when im older, i will pay less, rewards, ect.

Anyways… Im 20 years old and honestly never thought about a credit card until now… Ive always used cash but, now im thinking carrying a card will be better and much safer for me.

The main problem that im facing is, I can apply for credit cards but I will easily get declined (as I have been declined twice already).

I tried signing up for the Amex blue and the CitiBank Divident Plat. I received a form from Discovery card (student) and sent it back out (dont know if im accepted or not).

So, im basically looking for ways to give myself credit so that I can well, get myself a credit card and have great credit when im older.

Ive checked out the forum and found great information but, figured a thread will give me direct answers to my questions…

I heard I can go to the mall and get a department store credit card but, I dont go shopping! So, why bother?

I heard I can get a “gas” card but, Dont they require somewhat credit?

A secured card… Ive heard they dont offer them as much anymore?

I heard I can go to the bank ask for a loan and before I get the money, pay them back?

Id like to ask if the age of 20 is too late to start? Or am I at the “right” age/little late? How long will it take for me to start establishing credit?

Thank G_D for a forum like this and for the maturity on this forum!

Author: timmbukk
Posted: Sun Aug 06, 2006 7:02 pm
Post subject:

ehhh. u started out applying for amex blue and citi platinum, not a good move. Are you a student?? If so, student cards would be your best bet. Do you have any negative info on your credit report?? If not, then try a target card or some other dpet store card. You have to begin somewhere

Author: ImPulSiVe
Posted: Sun Aug 06, 2006 9:29 pm
Post subject: Tips For Credit Cards With No Credit History

yea, i was pretty dumb

I have nothing… so, guess i gotta start with one of those dept cards

Author: timmbukk
Posted: Mon Aug 07, 2006 12:51 pm
Post subject: Tips For Credit Cards With No Credit History

If you do not have anything bad, my first cards were cap one, chase, and discover student.

Author: caligirl
Posted: Mon Aug 07, 2006 5:01 pm
Post subject: Tips For Credit Cards With No Credit History

If you do decide to go with a Secured Card, I have been happy with Bank of America (no problems, treated like a normal customer, but did require a Bof A Chequing account) and very unhappy with First Premier (terrible service, hold payments even if you have never been late).