is there a credit card that if i put up some money they will give me a set credit amount then after paying off purchases after so long they will extend me more credit. im looking to put up to 1k in cash and hopefully be up to 5k or so in credit within a year is this possible. i dont have a steady job (student) (self employed usually paid in cash) and my credit score is not the best
2007-03-11 05:43:08 · 2 answers · asked by lastmohican1971 1 in Business & Finance ➔ Credit
They're called "secured credit cards." Pay off in full on time every month and you won't have to worry about the high interest rates. The only problem is that a $1,000 deposit will generally only yield a $1,000 limit until you've proven yourself over the course of several months or a few years. If you're a student at a university, you will generally qualify for a student credit card, but the APR is through the roof and the credit limit is generally low until you've gradutated.
2007-03-11 05:48:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes there is your Credit Union does five hundred and a year they put it up if you make your payments on time there is also Capital One thats gives you three hundred make sure you make all your payments good Luck
2007-03-11 13:18:18 · answer #2 · answered by pattibcacl 6 · 0⤊ 0⤋