I just turned 18 and need a credit card, but i keep getting denied for not having credit, what do i do?

Question

any where i can apply for my frist credit card online thats guaranteed acceptance or anything?

Answer 1

Stores like Sears or Best Buy offer store credit cards with much less strict credit requirements. You might try getting a Sear charge card and making a few purchases to establish a credit history.

Answer 2

Beware of credit cards that say "guaranteed acceptance". Usually they have extremely high interest rates. Some require you to deposit money with them in order to get their card. Not much of a "credit" card, then, is it? :) What you could do, in order to establish good credit, (which is really want you need to do at this point) is to get a small loan at a bank and then faithfully pay it back on time. You'll probably have to have someone co-sign for this. Getting credit is kind of the same vicious circle as getting a job--no one will give you credit unless you have credit; no one will give you a job unless you have job experience. A little unasked-for advice: learn the careful distinction between *need* and *want*. You may want a credit card, but do you truly need it?

Answer 3

I got into this kind of mindset. You do not need a credit card. Credit Cards are killers. If there is something that you need but can't get it is more affordable to go to a bank and get a loan. Credit Cards just get people into trouble with finances. A good way to get credit is to get a car and get financed through the company, if someone is willing to cosign with you that will help as well.

Answer 4

If you are a student then apply for a student card. If not the 3 easiest places to get a credit card are Aspire Visa, Capital One, and First Premiere. I didnt even know that I had applied and all of a sudden they came in the mail and like I said I dont even remember applying.

Answer 5

Try getting credit at a department store, or other retail store. That's the easiest place to get credit (because they want you to buy something!)

Have a balance of a few hundred bucks, then pay it all off. Then run up a small balance again, then pay it off. Then you have a history: you can pay off a debt. That can lead to better credit cards, with lower interest rates over time.

Answer 6

Get a prepaid card. You put a set amount into an account & that's the amount of credit you have. Never pay late or use more than 40% of your available credit.

Answer 7

Try applying for a Capital One Visa Card. I had no credit either. After I applied for that card like 3 times, Capital One finally issued me one. Just watch out for the 19% interest rate that Capital One starts you with. Don't forget to pay your bill each month. If you don't pay your bill for like a couple of months, Capital One will harass you (call you) many times a day from India. Please be careful.

Answer 8

you need to establish some credit, get bills put in your name and keep a good credit line, pay your bills on time, creditors look at this, you can find something, most of them say they accept anyone, but sometimes they charge a fee, or even require you send money , like a pre-paid credit line, browse the net you'll find something

Answer 9

Your best bet is to call up a credit card company (like MBNA, Citibank, etc.) and ask them if they have credit cards for people who have not yet build a credit history or have a not-so-good credit history. They will definitely have options for you.

Answer 10

You need to apply for "Student credit cards"

Here are the cards my fiance and I got when we were 18. We had no credit and both of these cards approved us right away. Just embellish a bit on your application.. For example for income - other .. You can put how much money your parents give you for school, etc. or just exaggerate it.. And try to list some personal income even if you don't have any

https://www.accountonline.com/ACQ/Chooser/ViewAll?ProspectID=526C970635394371849AE1D00D7123EE&siteId=cb&SEARCH_CRITERIA_1=COLLEGE

http://www.usbank.com/cgi_w/cfm/creditcards/college/college_visa.cfm

http://www.usbank.com/cgi_w/cfm/creditcards/young_adult/young_adult_visa.cfm