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Joined: May 2002
Posts: 21,653
I have no life
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OP
I have no life
Joined: May 2002
Posts: 21,653 |
I want a credit card just to help start establishing some credit. I want one with no yearly payment and I'd prefer one with some sort of reward for spending money but it's not a must.
I've already been denied one from chase.
Any ideas?
98.5 SVT
91 Escort GT (almost sold)
96 ATX Zetec (i brake to watch you swerve)
FS: SVT rear sway bar
WTB: Very cheap beater
CEG Dragon Run - October 13-15
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Joined: Jun 2005
Posts: 202
CEG\'er
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CEG\'er
Joined: Jun 2005
Posts: 202 |
www.mbna.comthey are very good and it gives you rewards points and no annual fee.
1998 Silver Frost LX
C-27 Kit, 19x7.5 42 offset Gunmetal rims, 20% tint, engine mods to come shortly...
"It's never too late to be what you might have been."
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Joined: Dec 2002
Posts: 4,016
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Dec 2002
Posts: 4,016 |
Get a secured credit card. Usually, a local credit union will offer them. You'll need around $500-$1000 to start it out. They'll hold the funds in a savings account (earning interest) while you use the card to build credit. That's going to be your best bet. Lender's don't like to extend unsecured credit to folks with no credit history so you'll continue to have a tough time there.
2006 Mazdaspeed6
1997 Yamaha YZF1000R Thunderace
1996 Volvo 850-R
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Joined: May 2004
Posts: 9,872
Addicted CEG\'er
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Addicted CEG\'er
Joined: May 2004
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I have 2 at the moment..American Express Blue and United Airlines Visa...I love the United card cause i get the mileage obviously and the best part was that I signed up when they had the offer of recieving a bonus 50,000 miles when u apply!! thats the most u can get, now days its like 15,000. I love it though. So far I have a free ticket any where in the US..main-land off course..
#0009
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Joined: Dec 2002
Posts: 4,016
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Dec 2002
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Originally posted by Goonz SVT:
I have 2 at the moment..American Express Blue and United Airlines Visa...I love the United card cause i get the mileage obviously and the best part was that I signed up when they had the offer of recieving a bonus 50,000 miles when u apply!! thats the most u can get, now days its like 15,000. I love it though. So far I have a free ticket any where in the US..main-land off course..
From what I get from his post, he has NO credit. Starting from zero. He won't be able to get an Amex or United Visa (Chase owned).
Kremit, take a look at this link. It has all the information you'll need to know about building credit with a secured credit card, including links to where you can obtain a legitimate one. Here ya go. 
2006 Mazdaspeed6
1997 Yamaha YZF1000R Thunderace
1996 Volvo 850-R
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Joined: May 2004
Posts: 9,872
Addicted CEG\'er
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Addicted CEG\'er
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Originally posted by KokoMerkin:
Originally posted by Goonz SVT:
I have 2 at the moment..American Express Blue and United Airlines Visa...I love the United card cause i get the mileage obviously and the best part was that I signed up when they had the offer of recieving a bonus 50,000 miles when u apply!! thats the most u can get, now days its like 15,000. I love it though. So far I have a free ticket any where in the US..main-land off course..
From what I get from his post, he has NO credit. Starting from zero. He won't be able to get an Amex or United Visa (Chase owned).
this is true..hmm..
when i opened my bank account (bank of america) they gave a credit card too offered by them that was specically meant to build my credit. Im only 20 and I have a decent credit..for now 
#0009
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Joined: Dec 2001
Posts: 777
Veteran CEG\'er
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Veteran CEG\'er
Joined: Dec 2001
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Try your bank... Both of my banks offer credit cards (BoA, AmSouth).
--JamesT
>--------------<
--Chemguru
99 CSVT
Frost /Mid. Blue
00 Suzuki SV650
Red, Naked
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Joined: Feb 2003
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Hard-core CEG\'er
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Hard-core CEG\'er
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If Chase denied you, you must be a little worse off than no credit. I didn't think they denied anyone. I got a $12,000 line from them when I was in college and that was 3 times what I made in a year.
Check your bank. They can probably either offer you a very low limit or, as previously mentioned and more likely, go with a secured card.
Also, run your credit report and make sure that you actually do have no credit. You could have something like an unpaid cellphone bill dinging you or even something as serious as someone else using your name/SSN for credit.
2003 Mazda6s 3.0L MTX
Webpage
2004 Mazda3s 2.3L ATX
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Joined: Dec 2003
Posts: 4,155
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Dec 2003
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I've built credit through my Bank card, I just swipe it as Credit- all the purchases I've ever made, particularly online (which is the only time I ever use it) show up immediately, and as long as you have the funds- the credit is built in a positive manner.
Now, I could be totally ass backwards on the subject as to how I have established a good credit rating. In fact a great credit rating. Either paying monthly on my car did it, or as I said, the bank card usage. Regardless, my rating was 3, 1 being best and 6 worst.. iirc. From what I was told, that is pretty damn good for an 18 year old (at the time). I go through Keybank.
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Joined: Dec 2002
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Hard-core CEG\'er
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Hard-core CEG\'er
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Originally posted by sigma:
If Chase denied you, you must be a little worse off than no credit. I didn't think they denied anyone. I got a $12,000 line from them when I was in college and that was 3 times what I made in a year.
Check your bank. They can probably either offer you a very low limit or, as previously mentioned and more likely, go with a secured card.
Also, run your credit report and make sure that you actually do have no credit. You could have something like an unpaid cellphone bill dinging you or even something as serious as someone else using your name/SSN for credit.
Actually, Chase has some of the most strict lending policies in the banking industry right now. Back in the day, it was pretty easy to get a credit card from just about any bank. However with bankruptcies running at an all time high banks have taken a step back with their generousity. Couple that with the new laws regarding minimum payments and unsecured credit is even less attractive to banks now. This is one of the reasons they couple their credit card products with their loans. They want to get their cards in the hands of borrower's with established credit. Even then, they're only offering it to A and B paper borrower's for the most part. You're right though. He should check his credit. It's cheap and will give him a good picture of what he needs to accomplish.
2006 Mazdaspeed6
1997 Yamaha YZF1000R Thunderace
1996 Volvo 850-R
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