I am 18, I want a credit card, where do I start?

Answer 1

At the bank!

Answer 2

I copied and pasted this answer from the last:

To answer your question; there are many secured cards you can apply for that advertise they can help your credit.


I highly recommend the Eufora Credit Builder Mastercard from Bank First.

Why?

Because:

1. You are guaranteed to be approved, there is no credit check.

2. It is a Mastercard you can use anywhere Mastercard is excepted.

3. It reports to the credit bureaus and will have a dramatic impact on your credit.


How much is it?


Its $99 for a 2 year membership ($49.50 a year)

When you pay the $99, you will have a zero balance and will need to load funds onto it. (You can load funds by transfer, credit card, debit card, bank draft, money order, check, western union or however else you want to)

Once you load money onto it, Bank First will auto draft $10 a month as a fee to report to the credit bureaus. You never need to make monthly payments and each and every month it will build your credit.

It may sound expensive, but have you any idea how much bad credit costs you? Thousands every year.

FYI, it also reports that you are making payments on an installment loan so it really helps your credit!



You can apply for it here: http://www.goeufora.com/418121496892...


IMPORTANT!!! : Make sure you get these 2 features when applying 1. Elite Level
2. Credit Builder


Apply now! You will be thanking me in about 6 months when your score is 100 points higher then it is now!


This is the website I found it on, http://www.expert-credit-advice.com/... .


If you want more information about building credit visit this page: http://www.expert-credit-advice.com/buil...


Hopefully, this answer has helped.

Wish you the best of luck my friend.

Don’t give up, you can do it!

Answer 3

Just curious....how many of you folks who answered "don't get a card" had one when you were young and screwed it up? Messed up your credit?

Why is it you think everyone else is as careless as you were?

I, for one, highly recommend getting a credit card at a young age. Like it or not, having a decent credit score is going to be needed sometime in your life. By waiting, you lose all hope of starting a credit history, one of the major factors in your credit score.

I suggest starting by getting a card with a low limit ($500). After several months of use and prompt payments, get the credit limit boosted up a little. You do NOT need a card loaded with $50k in credit limits!

See if you can get a bank account at a local credit union. They are a little more lenient in lending.

Answer 4

Trust me mate. You DONT WANT a credit card.

Most credit cards start at about 17% interest, and can be as high as 30%. If your desperate to buy something at tthis moment, get it on finance, its a better option. Because as soon as you get a credit card you think - oh ill just put that on it and pay it back next week. O ill put that on and pay it back with my wages in 2 weeks time. And before you know it youve spent a few thousand pounds and getting charged 30 pounds a month interest on it.

If your really desperate for money try getting an overdraft and if your at uni you can get a student overdraft, this is an overdraft that has no interest at all. and can loan you as much as £2000

Answer 5

Go online and do a Google search for 'cheapest credit cards'. A list of companies will come up with the lowest interest rates for spending on. Request an application form online. They'll expect you to be employed though and have regular money going into your account. I'm not going to patronise you by telling you to be careful! You must know how easy it is to accrue debt on cards. They're handy to have but you NEED to be disciplined with it. A good idea is to ensure that the credit limit is low and also to set up a direct debit to deduct the balance from your card each month so you never accrue the debt for more than a month.

Answer 6

DON'T!!!

I kid you not, this is the WORST thing you can do to your finances. If you miss a payment then you'll be paying 33% on anything that you owe. Ask anyone who has credit cards, and they'll either say that they keep the balances to zero, or they regret ever getting one!

For an 18 year old, you might consider getting a debit card instead. It works just like a credit card -- even says "Visa" or "MasterCard" on it -- but it comes out of your checking account when you spend it. The only thing that it doesn't work for is car rentals (at some places).

Answer 7

Sometime they send pre approved credit card applications to people of 18-21. If you want to get one through a bank with no credit history, then it is going to be rough. A word of advice, if you do get a credit card, pay on time, or your credit history will be mud in no time.

Answer 8

It is best not to rely on a credit card

But if you want one for the basic stuff, and you will pay off in full every month then apply for something like the capital one classic card first. It has a high apr, but as long as you pay off in full, you don't have to worry. Just make a small purchase once a month, and pay off in full. Do this for 9 months, then you should be able to apply for something better

Answer 9

I would initially try your own bank as they are more likely to help you, i know you will probably have to be earning more than 10K a year or a student to get a credit card!!!! i went to my own bank the first time around and then went and got a virgin credit card!!!!! Both good

Answer 10

i was in the same situation a few months ago.... GET A SECURED CARD. basically you put money down and thats your credit limit. its a 'secured line of credit' if you make your payments on time each statement cycle they periodically raise your limit. and after a year of having the secured card, they evaluate your transactions and may possibly turn it into a real credit card. (they also give you back the money you put down at the opening of the card)

Answer 11

credit cards are very bad. I would recommend not getting one but nowadays its all about your credit rating. IF you get one, have a cap on it, say like $500 or $1k. The CC company will raise it on their own eventually but call them and tell them to lower it back. AND ALWAYS PAY IT ON TIME or pay it all off if possible. In all honesty: Credit cards are the devil.