What is a good credit card to start out with if you want to build your credit? April 25, 2010
Posted by Banking in : Credit , trackback
I have no credit and I am having a hard time getting approved becuase of it. Just wondering what kind of credit card I could get approved for that isnt ripping me off with fees.Submited by:Christy K
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I think With no credit, you should be able to get a simple card from your bank, unless you have a bad history of overdrafts or you are too young.
Go in and talk to someone at your bank.
You may need to start out with a secured card. You can typically get a visa or mastercard with your existing bank. If not apply for a secured line with orchard bank or capital one.
I would suggest you apply for an orchard bank card listed at the bottom of the following site. You will get approved instantly online and start building your credit.
There are a few good ones out there check out the following sites and compare them side by side for the best deal.
You can compare a bunch from here
I think One that carries no debt over time. Ones that you pay off at the end of each month. This shows your ability to make the payments and also doesn’t build up a debt that takes you forever to pay off… plus all the interest that goes to the credit card company.
Credit card:
Way to start looking into it early. Any card will help you build credit, but if you plan on maintaining a balance (which I strongly recommend against), you’ll need to find one with a low rate (not just promotional rate).
You’re looking into rewards- that’s great. If you’re buying things and you’re paying off your debt each month, you might as well get a small cash-back reward for your purchases. Citicard.com and discovercard.com will have some good rewards programs for you.
the book here is a great resource for money issues, especially credit cards and banks.
Good luck!
you should apply for a guaranteed approval card if you have little to no credit history pay on time and you will be able to apply for a better card in no time