How do you apply for your first credit card?
Kevin asked:
Every time I try to apply for a credit card I always get denied because I don’t have a credit history. Well, how I am supposed to have a credit history if I never had a credit card before? I already have a debit card that I use all the time and I always choose credit, but I guess it’s not good enough. What do I have to do in order to get my first credit card guys? Thanks.
Maria
Every time I try to apply for a credit card I always get denied because I don’t have a credit history. Well, how I am supposed to have a credit history if I never had a credit card before? I already have a debit card that I use all the time and I always choose credit, but I guess it’s not good enough. What do I have to do in order to get my first credit card guys? Thanks.
Maria
Tags: Credit History, Debit Card, Guess
March 4th, 2011 at 3:28 am
Why do you NEED a credit card? Use debit and pay for the things you buy.
March 4th, 2011 at 5:34 pm
If you have a debit card already that means you have an account with a bank. Ask the bank where you keep your money for a credit card.
Also, many times the debit card is also a credit card. Check to see whether your current card also works as a credit card. You might be surprised. Use it as a credit card to start creating a credit record.
Good Luck
March 7th, 2011 at 2:54 pm
Check to see if your current bank offers its own credit card plan. Odds are you’ll have more luck getting a credit card at a place where you currently hold a checking & savings account because they can base their decision to grant you a credit line off of your banking history rather than your non-existent credit score.
March 7th, 2011 at 3:00 pm
First, you stop applying, immediately. You do have a history now: a history of excessive applying, which will keep you from getting a credit card for at least a year.
Second, after you stop applying, you get a “secured” credit card, which is the only type of credit card currently available as a first-time credit card.
Do not, under any circumstances, apply for any credit card that is not “secured” until you have gotten a good credit history by having a secured credit card and going more than a year without applying for any credit cards.
The way you get your first credit card is to get a secured credit card, without applying for any others.
March 9th, 2011 at 5:59 am
Be very thankful you cannot get one.