2006-12-08 03:29:15 · 8 answers · asked by derrick c 1 in Business & Finance ➔ Credit
Some banks offer a secured credit card. Your available credit will be based on the amount you open the account with.
2006-12-08 04:06:56 · answer #1 · answered by Q.S.G 3 · 0⤊ 0⤋
I started off at 18 going to a credit union and getting a Visa card with a $300 limit. From there I used it to buy small items and made sure I would have the money to pay it off when the bill came. For example, I would go out and buy a pair of shoes for $75. That's it, no more. I paid it off when the bill came. I did that for a few months, then I was able to get an increase in the limit. Keep doing that and you will build credit. If you can really afford it, buy a used car. Big purchases like that helps your credit. But be careful. Dont apply for a million credit cards. The more inquiries you have on your credit, the lower your score goes. It's all a game that needs to be played with caution.
Good luck.
2006-12-08 03:35:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Actually there are many cards out there, especially for those entering the college years. I was able to get a $500 limit cc several years ago when I first entered college through my bank. So, check with your local bank, it could be a good start. Also, you can go to bankrate.com where there are a list of cc's. If you are unable to get an unsecured cc, open a secured cc. This means you would have to front a few hundred dollars and that's what your credit line would be, but it's a start. You search for more info on your own. Please, just make sure you do not use your cc for frivolous items you do not need. It can start to add up fast and before you know it you cannot pay off your balance.
2006-12-08 03:42:33 · answer #3 · answered by Anonymous · 0⤊ 0⤋
"secured" credit card works great for this....
It basically means you give the bank $1000 they then give you a credit card with a $1000 limit... you go shopping, and pay the credit card bill when it comes monthly like normal credit cards... The $1000 sits in the bank and does not get touched, that's where the title "secured" comes in.
(Do not do business with captial one or any bank associated with them) but thats a whole different story!!! TRUST ME !!
In a few months you have credit built up and you can ask for a higher line of credit. Aaaaaaaaaaah the credit cycle has now begun.... Good Luck and pay off your credit card debt EVERY month and life will be good !
2006-12-08 06:00:08 · answer #4 · answered by Kitty 6 · 0⤊ 0⤋
Start with a debit card if you've never had one. Don't want to spend all your money too fast.
Often at colleges they have credit card deals. I know the Subway down the street gives out a free 6 inch sub if you register for a credit card. Look for deals like that. You might be able to register online also.
Be careful with your money and never settle for the minimum fee.
2006-12-08 03:33:52 · answer #5 · answered by doink1212 2 · 0⤊ 0⤋
You start with a secured credit card.
Here is some info on that. Hope this helps.
2006-12-08 04:42:46 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It's not that hard. Just apply for one. There are also specific student credit cards.
I just applied for one and got it.
2006-12-08 03:32:44 · answer #7 · answered by Phoenix, Wise Guru 7 · 0⤊ 0⤋
Apply to any bank for one and they will let you know what you need. If youare a student you can often get one.
2006-12-08 03:57:00 · answer #8 · answered by Gone fishin' 7 · 0⤊ 0⤋