building credit with sears credit card?

Question

i have been applying to multiple places to get a credit card in order to build more credit. however i have been denied due to lack of credit. i am only going to use it once or twice a month and pay it off immediately.

well i finally found a place(sears/kmart) that will approve me for a credit card. the only problem is that i really don't do a lot of shopping at these stores, so i was wondering what is the minimum i would have to spend and repay each month on my credit card for it to contribute to my credit rating?
for instance could i just go in there once a month and buy a pack of gum with credit card, pay it back, and have it help my credit score?

thanks

Answer 1

that will help and you don't need to do it every month. just go there every other month or so and buy something and pay it off. you can also try credit unions, they usually give credit cards to people with no credit.

Answer 2

Sears Credit Card

Answer 3

Sears Credit

Answer 4

1

Answer 5

1) Avoid using cash and borrowing from family for all your purchases. In the eyes of creditors no credit history is the same as a bad credit history. You may get away with paying cash for your car but when you buy your first home it will come back to haunt you. Even if you can afford to borrow or pay cash try opening an account to buy your furniture, automobiles, or home improvements. A diverse credit background will help with your credit score.

2) Your credit report tells all. Do not lie or stretch the truth to lenders, banks, or employers. They will easily catch you and the consequences are not worth it.

3) Do not cancel credit card accounts to improve your credit. The intended affect may be the opposite of what you expect. You can hurt your credit by canceling your credit cards; especially if you have a long history with the account. Losing a ten or twenty year credit history isn't worth it. If you absolutely must stop using a card, try shredding it. An open account that doesn't have a balance looks far better then no credit account at all.

4) Starting early is always better when establishing credit history. Getting a teenager or college student a credit card is a great way to get their history started. For those who don't trust their child's judgment yet there are many prepaid cards that report to credit bureaus. Read more from: http://www.credit-card-gallery.com/article/136,Seven_Must_Know_Credit_Tips

Answer 6

for a recommendation, do not go with Sears or use it anywhere. I got a sears mastercard, used it to buy new clothes at two different stores. They sent me the bill, and I paid $30 on it, they sent me the second bill and there was a finance charge. I called them and asked them why I had a finance charge since it was 6 months interest free. They said that was only on purchases made in sears. I told them that was total bull crap because mastercard is accepted everywhere and it wasn't just a "Sears" card and to close the account if they want to screw me over like that.
I found out four years ago they had reported to the credit bureau I declared bankruptcy on that account. It took me a year to get them to take it off my credit report. I have never dealt with them since and my parents also closed their card account with them. So my advice, cut up the card and never use it, it's not worth it.

Answer 7

Mate,credit cards are the "root of all evil",,get yourself a Visa or Master card Debit Card.They work exactly the same as a credit card,you can purchase wherever Visa or Master cards are accepted.You can even hire cars using them.The beauty of one of these cards is you use your own money and therefore do not have to pay it back,no interest payable and you can not get into debt problems with them.
Credit cards can cause major debt and in many cases you get so far into debt you will never be able to repay them.This does lead to bankruptcy and a permanent black mark on your credit rating.
If you have to use the one you have,only spend about half the permitted credit limit and pay the outstanding amount back each month.
But I implore you to think twice about credit cards as they can seriously get you into trouble.

Answer 8

Get a Gas Company Credit Card that has no annual fee\ low interest\ cash rewards or cash back on gas - try to not carry a balance month to month. This can also help you out by not always having to have ready cash for gas purchases. There is almost no way to budget them now anyway. You write them one check a month and have records for each purchase. Makes tax time a snap too.

Answer 9

If the Sears card has a visa or master card logo on it, you can use it anywhere. It doesn't have to be at Sears. However, their interest rate is incredible high. Be careful using it. Only use it when it's necessary. They will rip you off and they wouldn't let you close the account until you scream at them. They're very annoying.

Answer 10

maintaining a credit card will improve your credit. you don;t necessarily need to charge anything on it. Length of credit is a factor for your credit score. Don't buy something you wouldn't normally buy just to try to improve your credit. A whole bunch of inquiries will also show up on your credit report.