I am just starting credit ,I need to know what is the starter credit cards out there?

Question

I applied on line & some credit card companies ask me for deposits some deny me for the fact that i have insufficient credit history, waht can I do. I have no open credits i have nothing ...help?

Answer 1

Try a local credit union or bank. Open an account with them and stay in good standing for a time. Then get a credit card with them. The interest rate will be much lower and there are usually no application fees, etc. that other companies try to rip you off with.

I gave this advice to my daughter who had no credit rating yet. She has a card from her own credit union now and is not being ripped off.

Best Wishes,
Sue

Answer 2

Go to your bank or credit union and ask for a credit card with a LOW amount, like $300.00. Use it and pay it off a few times. After about 6 months you will have a credit base. My first card was JC Penny, they give one to just about anyone, but be careful because the interest rate on their card is high, so don't charge too much. Be careful with credit cards, you can get into a lot of trouble really fast. If you won't be able to pay it off in a month or two, don't buy it.

Answer 3

You were advised to get a bank deposit - it is a right thing to do. And a secured credit card is also a good way to establish your credit history. But you may also ask somebody (your parent or relative or a friend) to cosign for a card with you. But this person should have good credit. He applies for a good credit card and signs you up as a cosigner. You are both responsible for the credit, and you should be very responsible for this person, too.

My friends did like this, and it worked. I saw them applying for a credit card online here:

Answer 4

Look,here's what you do.It's going to take time. If you have a job,start saving some money and when you get about $500.00 together,open an interest bearing savings account. Each payday,deposit $25.00 ,and don't touch this money for one year.
At the beginning of the next year,take that money and open a checking account with a debit card (Mastercard,Visa). The only way the card works is if you have money in the account. Again,don't touch this money and keep making your deposits,including one third of your tax refund in there to to give you a boost. This money is not only growing interest,you will be able to use it as collateral for credit.
Believe me it takes some will power because knowing you have this money makes it tempting to go spend it. DON'T fall for those department store cards or bank card offers. Read the fine print. Stay with your debit card
If you don't have the cash for it,save till you do to pay for it.

Answer 5

You may want to start with a department store card. They are usually easy to get. You may need to get a secure card, many companies have them, but it does require a deposit. First start to check your local bank or credit union.

If you are a student, it may be a little easier. American Express Blue, Discover, Citicards, and Chase have good student cards. Try getting a charge card (American Express is good), where you pay the total at the end of the month. That can help build your credit.

Answer 6

There are 2 ways to do this one way is to look for a credit card that is geared for people such as yourself who are either trying to establish credit or trying to rebuild it. My experiences with this type of card has been very good. especially with Orchard Bank, http://www.orchardbank.com However another method is by going out and applying for a card with a department store suich as Sears, JC Penney or a Gas Card. This option not only allows you to build credit because they report to the same Credit Bureaus as the Major Credit Cards do, but limits you to only purchasing at that store so the impulse buying associated with Visa/MC etc is not as bad. MOst people, including me had their first Credit card with a department store. Mine was a JC Penney card, which I still carry. I hope this helps

Answer 7

All of these people are giving you BAD advise. The correct anser is YOU DON'T NEED CREDIT!!!
most people in this country are living paycheck to paycheck and are 7k to 10k in debt. They live in a cycle of always paying credit card bills, car payments and are still paying interest on a pizza they ate 4 yeasrs ago!
Do the right thing... save up and pay for things in cash. With the exception of a home mortgage, credit and debt is for people who can't delay gratification. As a result they will never acheive financial independence.

Answer 8

There may be something of use here.