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Started By
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Best credit card for someone that hasn't had one before?
Posted on 8/10/13 at 3:39 pm
Posted on 8/10/13 at 3:39 pm
What are a couple of good starter credit cards to apply for someone that hasn't had one before?
I am looking for ones that have a high chance of being approved and also that will help build my credit. I don't have any prior credit history and will be starting from scratch.
I am looking for ones that have a high chance of being approved and also that will help build my credit. I don't have any prior credit history and will be starting from scratch.
This post was edited on 8/10/13 at 3:46 pm
4
Posted on 8/10/13 at 7:37 pm to hikingfan
Discover
Posted on 8/10/13 at 8:06 pm to hikingfan
I started with a secured card. If you want to build credit, secured credit cards are a great option to have available. I now own a Discover card after they mailed me 15 letters in the past 8 months. I couldn't pass up a rewards card when my credit history is just over a year old.
Posted on 8/11/13 at 2:27 am to TigerintheNO
quote:
Discover
since whey do they help people with no credit?
get a secured cc from capitol one and be done with it for 200. after 2 months you will get a cc offer from chase for 500. there you go you have credit.
Posted on 8/11/13 at 7:56 am to TigerintheNO
quote:
Discover
I'd say Visa or Mastercard.... Discover isn't accepted everywhere and its going to be difficult to get an Amex.
Posted on 8/11/13 at 9:08 am to brbowhunter
I got a 500 dollar limit card from them post 08 with basically no credit.
I love the discover as my main purchase card, and use my MasterCard debit card for circumstances where I'm attempting to purchase at a vendor that doesn't accept them.
On a side note, there is a Rave theater here which does not accept discover.
You go to the box office and they'll tell you this.
You go to the concession stand and they will tell you this.
But if you go to the automated kiosk, and it goes through.
What gives?
I love the discover as my main purchase card, and use my MasterCard debit card for circumstances where I'm attempting to purchase at a vendor that doesn't accept them.
On a side note, there is a Rave theater here which does not accept discover.
You go to the box office and they'll tell you this.
You go to the concession stand and they will tell you this.
But if you go to the automated kiosk, and it goes through.
What gives?
Posted on 8/11/13 at 11:50 am to Lsut81
He didn't ask which was accepted at the most places, he wanted to know which was most likely going to approve him.
Posted on 8/11/13 at 12:21 pm to TigerintheNO
quote:
He didn't ask which was accepted at the most places, he wanted to know which was most likely going to approve him.
And which was the best way to build credit...
What the fricking point of getting a credit card that isn't accepted everywhere, if its your ONLY credit card?
If you've got a few to play with, then you use them according to where you earn the most cash back/points. For him, he just needs a visa or mastercard with a $500 limit to build off of.
Posted on 8/11/13 at 1:30 pm to Lsut81
follow my directions and you cant go wrong.
Posted on 8/11/13 at 2:04 pm to brbowhunter
I did the secured route, and it was only a matter of months before I starting getting mail from Discover and Amex. I'm still in need of a higher limit rewards card which is the biggest downside of no credit. I digress though, the secured card route is proven, and it certainly requires a little patience. It will all pay off in the end.
This post was edited on 8/11/13 at 2:06 pm
Posted on 8/11/13 at 2:07 pm to TigerintheNO
Not discover.
I would likely try to get one with whomever you bank with. They will likely give you your best shot since you have already done business with them
I would likely try to get one with whomever you bank with. They will likely give you your best shot since you have already done business with them
Posted on 8/11/13 at 2:14 pm to hikingfan
Bank of America has a decent secured card that can graduate to an unsecured card.
If you want an unsecured card Capital One QuicksilverOne Cash Rewards seems to be fairly easy to get.
Not sure about Discover if you zero history, probably better off waiting and building some history first.
If you want an unsecured card Capital One QuicksilverOne Cash Rewards seems to be fairly easy to get.
Not sure about Discover if you zero history, probably better off waiting and building some history first.
This post was edited on 8/11/13 at 2:15 pm
Posted on 8/11/13 at 2:19 pm to hikingfan
quote:
Best credit card for someone that hasn't had one before
None. Seriously. At least not one with an APR. And don't give me that crap about "I will pay it off every month" because 87% of American's don't.
Get a debit card with a Visa or MC logo. And do something that very few other people in America do. Save money and buy stuff with cash.
Posted on 8/11/13 at 2:54 pm to RickAstley
quote:
started with a secured card. If you want to build credit, secured credit cards are a great option to have available.
What is the difference between secured and unsecured cards? How will know which one you are applying for?
Posted on 8/11/13 at 3:14 pm to hikingfan
quote:
What is the difference between secured and unsecured cards? How will know which one you are applying for?
Secured cards are the basically pay it upfront. If you want a $1000 limit... you give them $1000 deposit.
Posted on 8/11/13 at 3:31 pm to hikingfan
Its what Bacon said, yet you don't have to deposit as much as your credit limit is. I have a secured card through Capital One and I started with a $50 deposit for a $200 credit limit. The more I deposit, the higher my limit. Capital One increased my credit line to $300 this year, and I have yet to contribute any further to my deposit.
I can't wait to get rid of it now that I have gotten my first unsecured credit card with Discover. Having money locked up in a deposit and paying an annual fee for no rewards is
. Though in my opinion it was worth doing to start building credit.
I can't wait to get rid of it now that I have gotten my first unsecured credit card with Discover. Having money locked up in a deposit and paying an annual fee for no rewards is
. Though in my opinion it was worth doing to start building credit.
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