2006-11-22 02:01:16 · 23 answers · asked by Anonymous in Business & Finance ➔ Credit
Don't get one unless you have a job and are responsible enough to keep up with it. You will need to probably get a retail credit card (Best Buy, clothing stores, Sears, etc) to help establish credit before you can get a "regular" credit card.
2006-11-22 02:03:49 · answer #1 · answered by E B 5 · 1⤊ 1⤋
No 18 year old should "Desperately" need a credit card. Buying on credit should be a last resort to anything. I know you don't want to hear this, but you should develop an attitude of "If I can't pay cash, then I can't afford it.". Of course, this rule doesn't have to apply to two items; a car or a home.
I can guarantee you that you will be badly screwed by agencies that give you credit because you are a high risk. You will be %29.95 for your money, which is what Loan Sharks used to charge for money.
I know that this is not the answer that you are seeking.
2006-11-22 10:04:45 · answer #2 · answered by Anonymous · 3⤊ 0⤋
you could always start by applying for a secured credit card from a company such as Capital one. Basically, you start an account by depositing an amount of money, then they give you a credit line based on that deposit (not always the same amount...they may give you more). After a few months of making payments on time, you can apply for a limit increase without making an additional deposit. The interest rates on these tend to be a little high, so after about a year of good payment history shop around for a regular card.
2006-11-22 10:05:30 · answer #3 · answered by Shihfu Mike Evans 4 · 0⤊ 0⤋
Two ways to getting a credit card at your age. If you are a college student, you can apply to one at school. If you are not a college student, then you will have to start out with a secured credit card. A secured credit card is opening an account with a real credit card company. The catch is, you must put in a down payment to get it. If you have a bank account, you can apply. No bank account, you can apply with Capital One.
2006-11-22 10:07:50 · answer #4 · answered by smilelyt38 2 · 0⤊ 0⤋
Your best choices for a quick card would be a secured card or a debit card linked to your checking account. Neither of these products will lead to as much trouble for a 18yo as a conventional card. If you are in need of money the best place to go is to work.
2006-11-22 10:06:26 · answer #5 · answered by al 6 · 0⤊ 0⤋
Why would you desperately need a credit card? They are bad news unless they are used sensibly - cant you save up if you want to buy something. If you really want one you should contact your bank
2006-11-22 10:03:42 · answer #6 · answered by rooster 3 · 4⤊ 0⤋
i would not recommend getting any credit cards, as i am only 20 and in serious debt, if u wanted one that bad try capital one, it is an extremely high interest rate and u will only get a small limit but they normally accept u, otherwise try your bank
2006-11-22 10:03:37 · answer #7 · answered by linzi_parkes 1 · 1⤊ 0⤋
Dont do it! at 18 you think money grows on trees, Im 22 I earn enough money to have a credit card and probley enough money to pay it off, but i would never get one becuase i know il spend above my means you think its free money when it isnt, Live within your means and you wont get in trouble/debt.
2006-11-22 10:11:08 · answer #8 · answered by Anonymous · 1⤊ 0⤋
If you're working ,then just apply for one. I'd say go for a Capital One card if your credit isn't that good !!
Good Luck !!
2006-11-22 10:03:20 · answer #9 · answered by IloveMarmite 6 · 0⤊ 0⤋
You'll probably have better luck with banks and credit card providers than with us here.
2006-11-22 10:05:19 · answer #10 · answered by jinz 5 · 0⤊ 0⤋