Started By
Message

re: 18 year old son wants to start building credit. Recommendations?

Posted on 2/6/13 at 11:25 am to
Posted by htownjeep
Republic of Texas
Member since Jun 2005
7617 posts
Posted on 2/6/13 at 11:25 am to
quote:

open a bank account and a credit card.

He's had a Chase checking account (and has his own debit card with it) since he was 15. So maybe go to a branch and see if they'll give him a credit card? It would more than likely be a secured credit card right?
Posted by mglsu21
Prairieville
Member since Jun 2012
1262 posts
Posted on 2/6/13 at 11:33 am to
quote:

He's had a Chase checking account (and has his own debit card with it) since he was 15. So maybe go to a branch and see if they'll give him a credit card? It would more than likely be a secured credit card right?


It would be preferable for him to get an unsecured credit card. Make sure that he applies for a card with an institution that offers both secured and unsecured cards. That way they won't have to pull his credit twice. I know that Capital One offers both. Call and ask Chase if they offer secured credit cards.

I've had 2 friends apply with Capital One in the past 2 years that had zero credit. Actually the 1st one had a very small non credit collection on the report. She had to get secured with $200 CL and $49 into a savings account to secure it. The other person had absolutely nothing on her report. She was able to get $500 unsecured credit card.
Posted by Projectpat
Houston, TX
Member since Sep 2011
10522 posts
Posted on 2/6/13 at 4:49 pm to
quote:

He's had a Chase checking account (and has his own debit card with it) since he was 15. So maybe go to a branch and see if they'll give him a credit card?


Doubt they will with zero credit history as I tried to do the same thing a few years ago. Dad had to open a new card with my name added to it.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram