Hello for over a month now I have been denied over 6 times from various credit card companies, I have no credit or any debt but how the hell can I build my credit if I keep getting denied?? I am 25 yrs old and this is really starting to piss me off so does anyone have any good ideas for me to start getting my credit built up? I appreciate anything you have!
Anonymous
Favorite Answer
You could try getting a debit card they are free and your credit quality usually doesn't matter when it comes to getting one.You should be able to build a bit of credit history using a debit card.I would first try however to get one of those credit cards available to persons who have little to no credit at all.Like the ones on the site below.
http://onlinecardapplication.blogspot.com/p/blog-page.html
If that fails you can always try getting a debit card.Some of the best debit cards are also listed on the site above.
if that doesn't work I don't know what else would help you.
All the best
Vinay
If you choose a high credit limit and your application details don’t show that you are able to service that amount, then the bank will instead calculate a lower credit limit they feel is affordable to you and offer you that instead. Applying for a lower credit limit does not increase your chances of approval so don’t be afraid to ask for as much as you want/need to avoid missing out. If you don’t do this during the application process it may be some time after being approved before you’ll be eligible for a credit limit increase, which will usually be based on your spending and repayment behavior.
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You can also join a credit union & start with their direct deposit for checking & open a savings acct too. After 6 to 10 mos, talk with them about a credit card. Credit unions are much more willing to give their members (you) a chance with credit.
For now...stop applying! All those recent inquiries are killing your credit scores!
When you are first starting out, don't even try for Bank of America, AMEX, Discover, and other prime cards. They will deny you every time. They LOVE to see a long, clean history! Like 5 to 8 years of established revolving accts free of any late notes.
Ryan M
You have two options:
1) Secured credit cards
2) Get a co-signer