The question becomes how will you show you can repay the credit card? But also the problem is, do you have any credit history?
If you are trying to get a credit card to build credit history, which is a wise idea, you might consider a secured credit card from a major or local bank. Institutions offering a secured card usually have more lenient credit requirements. The client simply establishes a savings account around $300 plus and a card is requested against that savings. Secured cards are reported to the credit bureau and credit history is established.
But the initial problem of how to repay the card remains. Keep in mind that a late payment is the worst thing you can do when trying to establish a good credit history.
- 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?
- Can I include my spouse's income on a credit card application?
- Do you need a job for a credit card?
- Are Discover Card credit cards any good?
- Is a credit score of 725 considered good?
- Which bank offers the best debit card?
- 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?