What is a good credit card for someone like me... read details?

Question

I am 21, married, mom. I have never had a credit card before, neither has my husband. The little bit of credit I have is bad from when I was single and struggling. I dont NEED a credit card, but I would like one to just put small purchases on and build credit with. What kind of card could I qualify for that would be best for me?

Answer 1

This will sound crazy since I might put a link at the end of this but all you have to do is look at all of my other answers and see that the only other link I've ever provided was a dot gov website for a kid that was looking to patent his song and ideas...told him to go to the patent website rather than following the links that spammers were providing him. I'd recommend you do the same. There are some links provided here of credit housing places that will stick you with cards that have annual fees and all sorts of other charges.

You will notice that sometimes in Yahoo Mail there will be a little advertisement off to the side that says Guaranteed Approval. All of those are checked and approved by Yahoo. You could try clicking on one of them. They will probably lead you to Orchard Bank which is run by Household Bank I believe. They have a high interest rate but they also have low credit limit amounts. This allows them to grant credit to people with less than desirable credit histories.

Being that you are so young they would probably give you a shot and a chance at rebuilding your credit. I used them for a few months and would buy something then a week later make a payment online before my payment was even due. Before I knew it they raised my credit limit and approved me for a second card.

Capital One is also a company that will start you out but they too have high interest. You'll have to be very careful not to get into the oh I can buy this and pay for it later routine because the pay for it later part really hurts.

Keep enough going and payments going that you establish the fact that you are a realiable person to grant credit to and when time comes for you to buy a house you can easily be approved for a FHA loan.

If you want to check me out first do it...then go to orchardbank.com or capitalone.com both links I've gotten on yahoo advertisements and both trusted companies.

Good luck

Answer 2

You can start with a store credit card such as Macy's and gas cards like Mobil. Then gradually apply for VISA and MC. Capital One is usually lax with their requirements.

Or if you get rejected, go with a secured credit card. Your limit will be determined by the amount you send in as "security deposit." So if you send $500, that would be your credit limit.
Don't worry, this is also reported to the credit bureaus so your credit will improve.

Answer 3

you'll probably have to start with a "secured" credit card. these are cards that you put money down on. i.e., give them $50, and they'll give you a $100 limit. with good faith payments, the limit can rise and the cash requirement can lower. visit www.bankrate.com to compare options ahead of time. like everything, read the fine print. you don't want optional (and costly) insurance on the card. expect to pay a high rate, to start with. one other option is being added to another persons existing credit card as an authorized user. if you have a family member or such that has a credit card that has not been delinquent and is well established, you can (with their consent of course) be added as an "authorized user" and receive credit for that card as well as its existing good pay history. good luck, and avoid overuseage of the cards!

Answer 4

Try a debit card instead. Credit cards are dangerous and you could end up getting in a lot of debt. Your credit history doesn't seem that good either. Debit cards are much easier because you are only working with money you already have and not with money you don't have and may or may not get.

Answer 5

i'm going to be straightforward with you, its tricky to have self belief you have a house, motor vehicle, and a activity, and might't get one. There must be somewhat secret your no longer telling. because of the fact i artwork by way of a credit card company and with what you're telling me could qualify you for many. while you're denied that's on the grounds which you have some stunning debt that has no longer been paid and has been became over to collections, there is not any over reason you would be became down. notwithstanding in case you have no longer any credit, you nonetheless could get authorized. yet you're saying you have no longer any credit, yet yet you have a house and motor vehicle, the 2d you signed for that abode and motor vehicle made you have credit, a financial company lended you the money, thats super credit. Like i suggested you have different underlining themes, and in case you do no longer understand of any attempt checking your credit on line, you get 3 unfastened credit assessments a 300 and sixty 5 days. yet whilst your going to objective for yet another card, i could attempt Capital One first. sturdy luck!!

Answer 6

Great question.

Today everyone is known by their credit score.

You may want to get a card from Master card or VISA that you 'load with cash' ahead of your purchase.

It is more like a debit card or a cash card. You will be developing a good payment history over time.

BTW: If you can - stay out of debt and it will be much easier.

Keep Smiling!

Answer 7

Don't get ONE! Cash is king, credit is slavery.
visit DaveRamsey.com to learn before you get burnt. You can buy house car etc with out credit. A debit card works same way as credit card with out indentured servatude.

Answer 8

Visit www.bankrate.com you can compare credit cards and different rates available.

Don't get any department credit cards, the interest rate is way too high and saving 10% in your first purchase is just a scam because then they charge you 29.95% interest.

Answer 9

Use the credit cards search:
http://www.blquest.biz/credit_cards.htm

Good luck,
Marina Lando
President
Business Loan Quest
http://www.blquest.biz