I will enter college next year. What credit card should I apply for if I have no previous credit?

you will need a job and be at least 18 - may need parents to co-sign - the rules are changing - VISA and MC are the same thing - just different companies - it doesn't matter

If your part of a Credit Union, I would go to them and say you want to start establishing credit, and usually if you're 18 and employed it should be no problem, they'll proabbly start you off at $250-$500, if your not employed, just say your self-employed and babysit, and they'll proabbly approve you for like $250 or so. Also the Secured card is a good choice too, you may a deposit, say $400, and that becomes your credit card limit, and say you make $126 in purchases a month as long as you pay the minimum payment proabbly like $10-$15 or the balance in full, within a year it will turn into a regular credit card and you'll get your $400 deposit back and it will improve your credit score.

I would stay away from citi and Discover "Student credit cards"

More info on Secured Cards..

https://www6.bankofamerica.com/credit-cards/market...

None. Use a debit card. You'll end up using your card while drunk or for stupid stuff and owe a boatload of money in the end. No one NEEDS to build credit as long as you pay your bills on time (such as rent, utilities, etc) and can use those accounts as references.

If you think you do need a credit card then don't bother with secured ones just ask the bank for an application for a standard one with an ultra low balance.

Did you know that credit cards charge upto $35 for late fees and going over limit. And then charge interest on those fees too? And jack your interest to 32% if you are late just once?

Stay away, far away.

nyb

If any mastercard is maxed out, you certainly should not be getting yet another. in certainty, that present mastercard is killing you on pastime. in case you're making six hundred a month, you should pay a minimum of 60 in direction of that mastercard. in case you could not try this, you should particularly evaluate reducing another rate, even removing the cellular telephone if want be. After the stability is all the way down to 0, then discover ways to charge basically what you pays off thoroughly while the invoice is presented in. Kill your money owed until now they kill you. go searching right here, you will see people that have charged up their credit taking part in cards to 10x what you have, or 50x, and their lives are crumbling.

I got a Citi-bank "secured" credit card with no previous credit. "Secured" means that you give them a deposit and that amount becomes your credit limit. That way there is no risk for them, because if you default (fail to pay) then they just take it out of your deposit and cancel your card. When you cancel the card or become eligible for an unsecured card, you get your deposit back. Keep in mind that late or missing payments will still hurt your credit score, but paying each time will help it.

Most major credit card companies will start you off with $500 unsecured visa if you can prove that you are enrolled in a college or university. Citibank, chase, etc.Or visit your bank branch.

Ask the Credit bible:

http://bit.ly/Y2zsM

go debit. credit card=overrated.