i would like some advice on how i can get a credit card

[Yetra Flam]

i just want one to establish a credit history here. the catch-22 is that these places keep rejecting me because i don't have a credit history. i realise that a lot of people get them through college, but i didn't go to college here. i have a steady job and shit. i really don't want to have to pay ridiculous annual fees, but it's looking like i have to.
i just want a chance!

[b i o n i c]

you need to get a "secured" credit card which gives you like a $500 limit, but you need to put down like $500. i think you use that for a year and then you will have established credit and you'll be able to get a regular one

[Yetra Flam]

tell me and show me

[ms.peachy]

tell me and show me

I found this:
Secured Credit Cards

If you have bad or no credit, the only credit card you are likely to be approved for is either a secured credit card or an unsecured credit card with very high fees and interest rates. This latter type of card is a bad choice, but is often picked by those with bad credit because the idea of sending in a security deposit to obtain a credit card is somehow beneath them.

Too many of the credit cards being offered to those with bad credit are outright scams. For example, many bad credit cards come with a $500 dollar credit limit, but require a $125 initiation fee; a $100.00 annual fee; $20 monthly fees; and a $250.00 registration fee. So what is left over after you apply and get this credit card? A few dollars and a lot of debt. Companies who market this type of credit card claim they must charge such high fees and such in order to compensate for the high default rate of their customers, but critics argue they are just taking advantage of the poor and those who can't get legitimate credit cards.

It is always a better option to get a secured or partially secured card from one of the top credit card issuers in the country. Most of the "Top 10" credit card companies, such as Capital One, Bank of America, Bank One, etc., offer secured cards to those who need to rebuild their credit. Applying for and getting these types of cards is definitely worth sending in a deposit to secure your credit limit. Establishing credit with a "Top 10" credit card issuer will also guarantee that (1) your excellent payment history is being reported to one, but probably two, of the three major credit bureaus, and your credit score is being improved; and (2) if you "behave yourself" and always pay as agreed, a Top 10 company will one day offer you an unsecured credit card with a respectable limit, which you can use to go on trips and such (but please don't run up a big balance on it that you can't pay off within two months).

It just doesn't make any sense to get a credit card for those with bad or no credit that charges you $200 or more per year in ridiculous fees. Why not send in a $500 deposit to a Top 10 credit card issuer and pay a $29 or $39 annual fee? Note that with a secured card from a legitimate credit card issuer, you will one day get your deposit back (provided you live up to your end of the agreement and don't default on the account), plus a small bit of interest earned while the issuer holds your money as collateral. You will never get back the hundreds of dollars in application fees, set-up fees, monthly fees, maintenance fees, and initiation fees paid to a fly-by-night unscrupulous credit card issuer.

Watch out for terms like "guaranteed approval", "zero introductory rate", "get the card right now" language when shopping for an unsecured credit card because the sign-up fees will be very high. Always read the terms and conditions of the credit card to determine how much you will have to pay in assorted fees before you apply for the credit card.

[Yetra Flam]

ok, at the moment it seems like i'm gonna go with bank of america

[beastiegirrl101]

Man I WISH I had no credit cards, I hear what you are sayin though.

Are you working yet?

[Yetra Flam]

yes

[Loppfessor]

You can always go with Capital One or like Providian...they give cards to people with no credit or not so good credit. The interest rate is high but I'd advise you to pay it off every month anyway

[Yetra Flam]

because all of you care, i did the application for a secured card at bank of america. they were kinda assholish about it though, they were really pushing me really hard to open a checking/savings account with them, even though that would be majorly annoying and inconvenient for me, not to mention probably expensive. and they made me give them a CASH deposit, because a check wasnt good enough or something. and apparently the fact that i haven't lived in the US before is working pretty strongly against me. shit. so yeah, hope this works out. i gave them money.

[mikizee]

Can I have some money

[Yetra Flam]

get a job.






lazy australians

[mikizee]

I have 2 jobs!

I would still like some money if thats ok

[Yetra Flam]

hell no

[adam_f]

You need to apply for one.

[Yetra Flam]

i know you were trying to be helpful.

[adam_f]

I thought it was the logical first step.

[willis drummond]

You need to apply for one.

Typical idiotic babble...

You should establish credit through stores like Macy's and such, you can get those cards easy and work your way up from there.

[YoungRemy]

take all the advice that everyone here has given you.. dept stores, secured credit, etc... secured credit gives you your cash back (with interest) after 18 months...

also a straight up bank loan would help...

any payment plans through online retailers, with "no payment for 90 days" options. ebay and paypal have this as well...

it all depends on your credit history and credit report...

I had nothing until last year, I needed a car. got all of the above and now they won't stop bugging...


don't pay annual fees

remember, no credit is good credit

[RobMoney$]

The Figure Four Loan Process, We compete so you don't have to

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[adam_f]

Originally posted by Willis Drummond
Typical idiotic babble...

IT'S THE FIRST STEP IN THIS SITUATION, DOUCHEBAG!

[Videodrome]

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whoa!

[roosta]

You need to apply for one.

no seriously, he's actually right

[BangkokB]

I made the mistake of getting my hands on some sort of convoluted secured credit card where once I got the card I owed $200 for a card I'd never made a charge on. The company was based out of Florida: This was before I knew that was the scam state of the States.

Needless to say: I'm a strictly cash and carry type of guy. I have a cherry sweet deal worked out with an epal where if I want something I Western Union him $ and buy him one of what I want as well. He always throws in something extra as well: Just today I got Run DMC 1st CD, Ice T OG, The Atrocity Exhibition book, Megadeth Germany 88, and he throw in for the hell of it Van Halen 83 DVD, & Slayer DVD and CD 85

It was better than my Birthday. True Metal Heads are as trustworthy and dependable as a Swiss Watch

[Yetra Flam]

america doesnt trust me

[HEIRESS]

are you ever going back to live in your motherland?

if not, you should have racked up a shitload of student loans first and then run out of the country on em.

I know two fellow canadians who did that and are happily living the rest of their days out in germany/the states without ever having to pay back that 40-50 grand they owe our govt.

[Yetra Flam]

oh yeah i have four years worth of university fees i'm never going to pay off. thought that one through haha!

[HEIRESS]

good girl. when in times of financial troubles you can always look back on that and not feel as down.

[hardnox71]

The Figure Four Loan Process, We compete so you don't have to

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I absolutely would have not believed that if i hadn't actually seen it. :rolleyes: