i want a credit card but i don't know anything about credit cards.?

Question

i already know that i don't have a lot of credit just a little it and i would want to know what credit card would be best for me. i tried to get one from bank of america but, i was turned down because i haven't been with them that long to qualify for one....anyway i need some help asap.

Answer 1

Try this site http://www.federalreserve.gov/Pubs/shop/

I hope I helped you. Bye and good luck! ☺

Answer 2

There are a lot of credit card companies out there who will gladly give you credit. But, most of the ones who will give you a credit card will probably charge outrageous interest. Plus, most of them require a yearly membership fee which, along with the application fee, will take about 3/4 of the credit that is given. In other words, most will offer $250 to $300 dollars credit, but the fees will eat up over $100. That comes off the credit limit. The best way to get credit is to get someone who has good credit co-sign for you. Then after a while, if you pay the payments on time, you will have established your own credit.

Answer 3

There are a few out there it all depends on your credit, check out www.fastcreditcardapprovals.com here you will be able to compare all major credit cards side by side on rates and rewards, GOOD, BAD OR NO CREDIT they have the right card for you, just make sure you pay them off at the end of the month that way you do not pay interest and build great credit to get a better one down the line.

Answer 4

Try a Clothing company such as Macy's and build credit like this!Its only a Macy's card and you can only purchase at Macy's but this a way to start your credit THEN you re aply at the bank again for an "Actual" credit card...By the way it doesn't have to be a Macy's credit card it can be another company that ooffers their in store credit cards only!Also a tip!..Everytime you apply for a credit card your "credit score" goes down! or everytme they run a credit score repor..So be careful not apply anywhere and eveywhere..another tip!! If you ever cancel a credit cardyou are deducted points from you credit score!! Keep this in mind! By the way why dont you try and asking at Bank of America for a "STUDENT CREDIT CARD" this was my 1st...you probably applied for a bank of america credit card thats why they probably rejected you! Ask your bank teller for the Student if your a student, which im assuming you are..Cell phone companies always build up credit score..Anybill that has your own name on it and you a pay monthly fee...this is going towards your credit score! so there you go !if you have questions just let me know!

Answer 5

As long as you pay it off and have a zero balance. Other than, that if you are not careful you can accumulate a debt, and a lot of interest, you can end up paying three or four times, the amount you original owed.

Don't get all caught up in credit cards, unless you are simply trying to establish credit.

Answer 6

You may want to get a deparment store charge card (I'm sure that you khow the difference between a charge card and a credit card, but in case you don't, a charge card is a card that you have to pay in full every month...it is not based on a revolving credit agreement), charge a small purchase every month, and pay the balance ON TIME every month. Also, if you do get a credit card, PLEASE be very careful with it and never run up more debt that you can pay back.

Answer 7

Try Capital One, You Get A Line Of $500 At First. I Just Turned 18, And I Was Approved Right Away. Make Sure You Can Pay It Too =) Good Luck.

Answer 8

You should go back to BofA and speak with a personal banker. Have him or her explain interest rates and other information you should know before applying for credit. Don't rush into credit either. I think the best way to begin your financial future is with a savings account. Sorry to burst your bubble!

Answer 9

If you have any savings built up look for a "secured card." That will hold your savings in reserve just in case.

This does two things for you:
- You can get a lower interest rate. ~10% compared to 20+.
- Your money will still accrue interest.

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Store credit cards are a total rip off. Citibank backed Sears card carries an APR of nearly 25%!!!

Answer 10

Capital One is usually good about giving credit... I just wouldn't expect a high limit. Maybe no more than $500.

http://www.captialone.com

There is also First Savings CC.

http://www.firstsavingscc.com


You'll want a low apr percentage surely! :)

Answer 11

Just go to http://getprequalified.com. They have a side by side comparison that makes it real easy. It should be no problem. They are easy to get. You can also research the article library for more information.