- This topic has 3 replies, 4 voices, and was last updated 8 years, 8 months ago by Anonymous.
- May 14, 2011 at 10:12 am #212085AnonymousInactive
I am 18 years old, I have no credit history. I am looking for a credit card so I can build my cred history. What are the best credit cards for individuals like myself? Thank you!
- May 18, 2011 at 6:57 am #280396Rick EmmaParticipant
Check out creditcards.com. They have tons of criteria for finding the right card for you.
If you are having trouble qualifying for a card, see if a friend or family member will co-sign with you. If they have solid credit it will help your cause.
Lastly, you can “buy” a credit card these days. It’s called a secured card and your neighborhood bank can probably set you up with an account. Basically, you are borrowing against yourself and, therefore, must pay the bank the amount of money you would like as a limit on your card (ie: $300-500 is just fine).
Make sure they report to the credit bureaus on a monthly basis and voila, you are building credit. Now, just keep your balances low and don’t miss a payment for the next 65 years.
- May 20, 2011 at 2:53 am #282408Shonda AugustMember
If you’re employed and have $500 in a saving account, convert it into a secured credit card Make sure they belong to the credit bureau.
- June 16, 2011 at 4:23 am #289950AnonymousInactive
If you have a checking account, apply for a line of credit through your bank. It’s like a credit card but with lower interest rates. Also, you can try to get something like a Best Buy account. The reason I like them is because they have no interest on their major items. Be careful with credit cards. It’s a slippery slope into debt….
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