By getting such a card you accomplish two things. First you get a credit card without needing any credit history. But more important, you begin establishing credit history. Just be certain to never exceed your credit limit, and never be late on any payment. Late payments are like pouring a bucket of cold water on your credit report and score. On time payment history accounts for over 33 percent of your credit score and so you always want to insure timely payments. By the way, some banks automatically issue an unsecured card after a select period of on time payment.
- My credit score is 743. Every time I apply for a credit card I'm denied. I'm told I have too many balances on cards. I have two credit cards only totaling less than $2,000. I'm not sure what the problem is. I own a home, I make $85,000 on my own and I also have income coming in from my husband. What am I to do? Good credit, almost no credit cards, and I'm never late with anything. Any suggestions?
- If I just filed for bankruptcy at the beginning of the year, when can I get another credit card to start building back my credit?
- I am looking to establish good credit so I can buy a home for my family. What kind of credit card should I start out with?
- Are Discover Card credit cards any good?
- Which bank offers the best debit card?
- Is a credit score of 725 considered good?
- Why do you rate American Express credit requirements as "good credit" to secure a card? I thought to qualify for an American Express card you have to have excellent credit.
- Supposing you have a perfect credit score of 800 or better; which credit card offers the highest credit limits?