I have no credit history how do i get a credit card?

Question

ok so im 21 now never had credit in my life never owe a penny to no one but damn now i cant get a credit card because i have no credit history some people tell me capital one will approve me one if i go but i don't know because i try it at bank of america an they told me no :( help me please i really need to built credit how... Not taking any loans on the back so screw that i make 20K a year pharmacy tech studying to become a pharmacist please help thank you

Answer 1

Capital One has a tool on their website where they will check to see what you qualify for without pulling your credit. 2 things come to mind, a student card and a secured card. If you've never used credit or had any loans, the credit scoring system won't even generate a score, so it may take 6 months to a year with a starter card before you are able to move onto something better. Capital One does have a Journey card for students and a secured card with good terms, they will possibly give you a $200 credit line for a $49 deposit. Take good care of that and you will be able to apply for better cards soon. Capital One will approve almost anyone for their low end cards unless you have some real nasty stuff on your reports.



If you can do it, I would highly recommend the Barclay Sallie Mae card for students, if you get denied be sure to recon them. Hop on over to creditcardforums.com and they will be able to get you a recon number. Barclay is the easiest in the industry to recon.



If nothing else, you might look into a store card like JCPenny or Sears. They aren't excellent cards, but use it a few times, pay it off and in 6 months you may get accepted for a much better card.

Answer 2

You will need a co-signer..



I co-signed for my brother and we got a shared card for $1,800 credit line at Best Buy. I had a credit history for over 1-1/2 years when I co signed for him.. Yes I risked my credit for him to get some history. Currently I have $6,000 credit limit total over 3 cards , total of 3 year credit history I got my first card when I was 21 my self. Now I own my own car fully paid off as well .(paid in full cash and did not use credit of any kind.)





I did not use a co signer at all. But the banks were not as tight on the unsecured credit at the time



My first card had a $900 limit with no credit history.

Answer 3

i might advise taking off up a credit card account in basic terms on the inspiration that what you spend you are able to positioned in direction of a credit card. fees of interest can the two destory you or make it much less annoying on you. case in point my (whilst it develop into) Meier and Frank shop credit card develop into i've got self assurance at like 11 something interest for the 1st couple of months. Then it jumped to twenty %. So I rapidly have been given rid of that card. yet another astonishing way is getting a cellular telephone that calls on your credit to be ran. With sprint they run your credit to work out how sturdy that's and that i develop into able to get 5 strains as a results of me paying on time.

Answer 4

The rules for credit cards changed a few years ago. You need to be over 21, employed full time & make at least the minimum income per the card. Consider getting a student card, they are designed for people in your situation. Odds are you will need a cosigner due your income. Expect a credit limit of $500.

Answer 5

Make sure you're on the electoral register. Depending on where you are there are some banks that will offer ''starter'' credit cards with low limits to help people build credit. Don't apply for too many, every check on credit that is carried out negatively affects it.

Answer 6

You should not have tried it at Bank of America, because they don't approve anyone without a credit history.



Capital One might have approved you, if you had not tried Bank of America first. Now that you have tried, I don't know if they will still approve you. First, you might have to wait a year, without trying. (A history of trying is even worse than no history.)