Im 18 and have no credit but want to build it for future use (i.e cars, house ect.). My father passed away when i was 16 and my mom has never been around so i dont have a co-signer. Also im very responsible for my age and i know all the risk's and factors of getting a credit card. And if at all possible i would like 2 avoid secured credit cards. Help in choosing the right credit card for me would be greats Thnx!
2007-12-30 16:18:56 · 7 answers · asked by Erica j 1 in Business & Finance ➔ Credit
My mom always told me to apply for credit at a jewelery store. Purchase something, then make the monthly payments to show a history. Once you do this then try other credit cards. You may not find a small apr when you start out, but if you make your payments on time you should get better offers in the future.
After the jewelry card, I got a Radio shack and Target card. Both apr's were kinda high, but now I mainly use a card I got from MBNA (now Bank of America) that stays at 7.9%.
2007-12-30 16:29:51 · answer #1 · answered by pill_pushr 3 · 1⤊ 1⤋
Well if you can stay away from credit cards. Get one for emergency use only. And pay it off right away. (no interest that way) And it only shows up as paid as agreed.
Now to build your credit up after you get that emegency credit card and use it once and pay it off right after you get the bill. Go down and buy a car. Pay it on time for the first year. Then pay off the car. Your credit will be A+
2007-12-31 00:35:17 · answer #2 · answered by Big Deal Maker 7 · 0⤊ 1⤋
Starting with a store credit card is usually a good idea to build history -- just be sure to pay it off promptly.
As far as real credit cards, Chase Freedom has some good rewards, however, the rate is not that great -- not a problem if you plan to pay it off in full.
2007-12-31 08:34:37 · answer #3 · answered by Tanner 2 · 0⤊ 1⤋
If you are trying to build credit you will have to get one of those crappy credit cards at first because most of the time they are the only ones that will take the risk. but once you have stablish credit you could get a better one and drop the first one, check out www.fastcreditcardapprovals.com here you will be able to compare all major credit cards side by side.
2007-12-31 08:32:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you want a card for establishing purpose this is the one http://www.robertscredit.com/ designed to establish only, best credit builder I have ever seen. (on the far right side there is a link)
If you want a actual credit card to use more than establish go here.http://creditcards.com/
2007-12-31 00:37:49 · answer #5 · answered by Anonymous · 0⤊ 2⤋
try Capitol One they gave me an 8% apr wich is pretty good
2007-12-31 00:22:40 · answer #6 · answered by betas 5 · 0⤊ 0⤋
Capital One www.capitalone.com
Credit one is another good one http://www.creditonecard.com
2007-12-31 00:57:04 · answer #7 · answered by mylilsims 5 · 0⤊ 1⤋