get a credit card, and use it for gas/groceries. Pay the bill ON TIME EVERY MONTH.
If you are going to buy a new car after college, finance it, try to get a parent to co-sign the loan if they have good credit.
There is a thread on credit repair by sureshot! Same ideas from that thread, should apply to your situation.
Any reccomendations for a credit card? Is there something I want to look for in particular? (Yes, I’m that new to this)
look for low interest rates and no annual fees.
I just read through sureshots thread and am not sure if it applies to me because I literally have NO credit, but should probably start. I once applied for some dell finance thing to get a computer and I was denied because there is “No substancial credit history”. Does stuff like that end up hurting your credit?
I wouldn’t just make it that simple.
there are 3 basic “needs” when you get a card
find the best card for your needs. people who are smart often get more than one card to fit more than one need. i.e. I don’t have 4 cards to feel like a baller.
if you are starting out I would try to find a rewards card with a APR under 10%… ask for a limit increase every 6 months. use the card and pay it off monthly to build credit (trust).
Thank you, Theres a million things on google on the subject but I prefer hearing it from other people, not some dumb article. I will be looking to get a card for th 0% to try and build credit, but that seems like it will be awfully difficult to aquire without having any credit in the first place. I’ve seen a million ads for Capital One, but maybe its just the vikings that get my interest. Are they worth applying for, or is it just redic ads?
if you don’t have debt and plan to pay your full statement balance every month then you don’t want a 0% card… it’s of no use to you since you won’t have a balance to apply 0% to. They love to offer 0% up front because it encourages you to build a balance which you will then have to pay interest on after the 0% runs out.
How old are you? You can likely get a 0% student card built exactly for people in your situation.
I just got a capital one card that has no interest until october 2009
If you plan to use it for everyday shit AND plan on paying it off every month then interest rate doesn’t matter. Your probably going to have trouble getting a card with 0% interest and rewards without any credit history. When I first started I went to Key (I’ve got a checking account with them) and got their basic credit card.
I have had key as a bank for over a decade… their credit card rates/offers are the WORST.
He should be less concerned with interest rates and rebates and more concerned with just getting a credit card. When he wants to make a big purchase he should have enough credit built up to get a card with 0% and rebates.
nah man, I have no little to no credit and I am on my second 0% interest card. I love it, having zero interest is awesome during the holidays.
I am 20. It seems like Capital One hands them out like candy, but I have my account with ESL in which I have gotten out loans, but paid them back in full within 2 months, so would I want to look into getting a card with them?
Joe, who would you reccomend turning to for such a card? The big 3 or is that something my bank would be able to do? This thread made me realize I should probably jump on this so I apologize for my lack of research
look on the left where is says “limited or no credit history”, and it will suggest a card
Apply online, get accepted, get card in mail. Easy as shit.
oh shit, thanks dudebro. I’m on an online chat with ESL to see what they offer, I will check that out when im done
Citi/Chase/Capital One/Discover, I got my first with Citi. Only thing is, you actually have to read the details. Absolute must is no annual fee. You also want to get as many as possible out of:
-0% introductory rate
-Rewards, preferably in some form you can use
-Low interest rate after the promotional period.
my suggestion would be to go to the section with 0% interest cards. Apply for one or two of them. You might be surprised that even with no credit history, they will approve you. If that doesn’t work, then go for the limited of no credit history cards.
The process is really simple, and that website does a good job of compiling all current offers from the major banks/lenders.
i just cancelled one of my $15k cards… didnt ever use it.
also, who gives a shit about credit score… if some undereducated hoe-bag at the bank doesnt give me what i want they dont get my interest payments.
i gave my credit union a shot at my mortgage… they didnt meet my terms, fuck you the mortgage goes to someone else ass fggt.
i’m about to run the same shit on my current bank what with interests being down. i couldnt care less about credit score and whatever matricees they use to qualify this shit.
holy shit, I went to that site, picked out a card with 0% APR untill June, No fee, and somehow it claimed to be “for students” and got approved! Thanks guys, I didn’t know it was that easy