I need help! Credit card question?

Question

Ok I'm a student with no money in the bank.

I have just been hired at a new job. Will a bank give me a credit card now that I have just started working?

I need about 1000 - 2000 to spend on a credit card.

Can I get a credit card?

I urgently need one as I am $1000 behind in my rent or otherwise i will get thrown out of my apartment.

Answer 1

unless you have an absolute critical need, my advice is to focus in on developing some cash reserves in the bank. Once you have built some $$, I would then look at a credit card.

Having said that, you will probably be able to get a credit card based upon your current income level but you will not qualify for the best interest rate (not long on the job and probably minimal credit history). You will probably qualify for an average or slightly worse than average interest rate (14-17% is a guess).

Answer 2

Congratulations on the new job!

You have just improved your odds of getting a credit card. Having a steady income makes you look less risky to card issuers, because your job improves the chance you'll pay back the money they loan you. Whether you can get one also depends on your credit history and which credit cards have targeted your school.

If you're in college, not high school or a technical school, you're in luck: Card companies are often eager to get college students to take their credit cards. They are trying to snag you early and turn you into a lifetime customer, since you have sooooo many monthly payments ahead of you! As a college graduate, you're also likely to earn more money -- and spend it on their card.

Ironically, once you leave school, card companies yank out the welcome mat. Once you're on your own, the likelihood that your parents will bail you out drops, and so does the card companies' interest in you.

I'll take you at your word when you say you "need" to take out the loan. But make sure it's really "need' and not "want." It would be far better to save money right now, so you wouldn't be one blown radiator away from going into debt.

Make sure you know what the terms and conditions are on whatever card you get. My company, among others, compiles a list of student credit cards, so you can compare. It's at http://www.creditcards.com/college-students.php. Disclosure: We make a couple bucks each time someone clicks "apply" and fills out an application.

Good luck!

Answer 3

If you don't have any credit it will be hard to get that much but you could Check out www.fastcreditcardapprovals.com here you will be able to compare all major credit cards side by side on rates, fees and reward, no matter what kind of credit you have they have the right card for you

Answer 4

chase has a wonderful program called over the draft protection. i suggest you transfer your account to chase with a minimum of 100 bucks. borrow this from your friend. i think when you open an account, you get about 75 to 100 dollars. then enroll in their credit card program. then write a check and pay it off by working some menial job or otherwise

Answer 5

Stay away from credit cards.
Work your butt off over the christmas break and pay up the rent. You can do it.

Also, you can go to daveramsey.com and listen to his radio show. He has lots of great common sense advice on money and debt. It doesn't cost a dime to listen.

Answer 6

i willl be best answer by giving you a simple

yes, you may
happy credit-ing!!!

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lovetaylorTANTRUM™

Answer 7

Probably not yet. and that is a good thing.

Answer 8

Don't take the risk!