Chosen by Asker

The easiest way to get a credit card is to apply for a secured credit card. You may want to try where you do your banking to see if they're offered. I posted some links to some at the bottom, but I'd like to explain how secured cards work. You put a deposit upfront (which usually goes into a savings account) to get the same amount of the deposit in a line of credit. Now while this may not seem like a good thing, think of it as a way ta start a savings for yourself while you're building credit. Now the deposit can't really be used to pay anything that you charge on the credit card unless you're delinquent to the point that the credit card company's forced to use it. But if you're building your credit, you want your deposit back, eventually so you never want to let that happen. Another advantage is that you can raise the credit limit over time by adding to the deposit. An easy tip to manage the card is simply not charging more than what you can pay off in full or as close to it on time every month. The perfect thing to use it would be to buy gas. By doing that, usually after a year, you get your deposit back and either the card will convert to a regular credit card or you'll become eligible for an even better card. Also to establish your credit there is a credit bureau that allows people to report payments to items that don't show on their regular reports like rent, cellphone, utilities, insurance, etc. It's called PRBC. There's a lot that I didn't cover on the website that I'll let you see for yourself but it will definitely help you build your credit!

Source(s)

links to secured cards: www ... www ... www ... Link to PRBC: prbc ...

by Smoovy Loco

3 years ago

Asker's Rating: 

The absolute worse thing you can do to establish credit is to get a credit card. When the time comes, you'll need to get a job, then you'll need to buy a car to get to that job. Thats a legitimate reason, and your parents or a family member should co-sign for you. Then you have a working loan and will be establishing credit the proper way.

by Sane- 3 years ago

You will most likely need to start off with a secured credit card to build a credit score with no credit.

by Tommy W- 3 years ago

try orchard bank, they have a low balances this is good because u rack up your card and u watch what u are spending.. Then when u get the hang of paying your bills on time, then give a credit card that has more money on it.. PS PAY YOUR BILLS ON TIME

by B.B- 3 years ago

You can start building your credit with secured credit cards.. badcreditresources ... -- Here is the list of lenders that provide secured credit cards for people with no credit. Good luck!

by aleish- 3 years ago

Don't get a credit card to build credit!! I tried that, and now I've changed my limit from $500 to $3000 in less than 6 months. It's such a burden now to pay off every month. Start saving! When the time comes to purchase something you don't have all the money for, anybody will give you credit when they see thousands of dollars in your bank account.

by dunno- 3 years ago

If you are looking for a credit card for bad credit, there are many options to choose from. The two main types of cards available are either a secured credit card or an unsecured credit card for bad credit. Both types of cards can help you repair your credit by giving you an opportunity to establish a good payment history. The costs and fees associated with each type of card are very different, however. In addition, depending on how bad your credit is, whether you have sufficient income and other personal details, you may only qualify for one or the other. First let's look at the secured credit card for bad credit. A secured credit card requires that you deposit money with the issuing bank, and the bank will issue a credit card in the same amount for your use. Secured cards are guaranteed to be approved, because the bank has your deposit money in case you do not pay your balance. A secured credit card for bad credit operates much like a regular credit card. You receive a monthly statement, and you pay your minimum monthly payment or the balance in full each month. You are charged an interest rate, annual fee and possibly other fees for a secured credit card account. Read more about it at: www ...

by abby fth- 3 years ago

Reward credit cards reward you depending on the amount you spend on the credit card. Usually, you can collect rewards through 3 methods. One method involves earning cash back on the card, which is generally a certain percentage of each amount you spend. The next method involves giving points or any other type of token to the customers to accrue.

by See Saw- 3 years ago