Rya M asked:


Hi i am approaching 19 and have no credit history, therefore wondering where i would be best to get a credit card to improve my credit rating?Thanks

Anita

6 Responses to “Credit card? No credit history at all?”

1. SaturnGirl on March 21st, 2010 10:27 pm

   Sue

   One of the only card companies that I was able to get credit through was capital one. I was in the same situation as you. They started me at only a $500 limit, but it increases every 3 months that I make payments on-time.

2. LadyD on March 23rd, 2010 6:45 pm

   Jose

   Sometimes Capital One will refuse for some reason so if they do try Vanquis who do the same as the answerer above but their acceptance rate is higher. However be aware the interest rates will be high so if you are not clearing your balance in full each month you could end up with a very high debt. Also the more you clear down your balance the more likely the credit limit will be raised.

   Also there are alot ofpre payment cards out there that will enable you to uild up a credit rating – i.e. you charge it with your own money and use it to make purchases but they will report your activity to the credit reference agencies.

3. avalonianmoon on March 26th, 2010 7:57 am

   Jorge

   Wow I wish I was in your shoes.

   How about starting now to have financial peace your entire life?
   The borrower is slave to the lender … even in today’s world.
   Who said you have to have a credit rating? Don’t worship at the alter of the great FICO.

   I know you may think I am crazy, but I’m really not. Listen to what Dave Ramsey has to say and I promise you that you will never want for anything.

4. Jeff M on March 26th, 2010 10:52 am

   James

   In this economy it is very difficult to get approved these days. People with excellent scores are getting rejected these days so you really have to apply for the right credit card if you are to get approved. I came across the site below that lists some of the best cards for people with no credit history. You will most likely get approved for these types of cards. It is good that you are taking the right steps to start building credit history. Creidt history is very important these days. Good luck!

5. stan c on March 26th, 2010 5:45 pm

   Fernando

   If you have $500 in a saving account, convert that into a secure credit card. Most banks can set it up for you. Also make sure they belong to the credit bureaus.

6. Brutus on March 27th, 2010 11:14 am

   Alfred

   there are two ways you could start credit one or them is taking out a small personal loan which you might need a parent or an adult to co-sign for you meaning if you do not pay the loan they will. Or you could apply for a credit card for bad or no credit which most likely will get you approved no matter what, but if you are a student you could get a student credit card which will offer you lower rates and no annual fees, check out and go under bad or no credit or student cards. good luck

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