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Added August 24, 2010 from: Mike Killian
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 Mike Killian
Answered By Mike Killian:
Your best bet will probably be go to a local major bank which offers secured credit cards. With this program you open a savings account with usually a minimum deposit of $300, and the bank issues a credit card secured by your savings. The card can be used just like any other card, only its limit is based upon your savings.

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.

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