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Answer:
As a rule, all standard credit cards that do not require collateral or co-signer are available to people of 18 and elder. So, right now, you are not able to qualify for any of the major credit cards. On our part, we can offer two variants of solution to your problem. Solution1: You can just wait till you are 18 and apply for a credit card for no credit rating or limited credit. There are a lot of credit card applications for people who are starting their credit history and thus, have no bad credit records yet. A good example is Capital One Bank, a major issuer catering for customers with different credit ratings. You can consider two of its credit cards designed for customers building credit history - Standard Platinum and No Hassle Cash Rewards cards. Both have low APR on purchases and offer enticing rewards and saving programs. When you become an adult, probably the best plastic to start credit history with is one of these Capital One cards. If you are going to be a college student, then a nice option, when you become one, would be Citi® mtvUTM Platinum Select® Visa® Card for College Students. This point rewards credit card is an excellent tool to build your credit in a quick and enjoyable way. Solution 2: You can ask your parents to get you a prepaid credit card, which will be issued in their name. It looks like a standard credit card but requires a beforehand funding to be able to shop with it. The amount of money you fund the card with will be the limit. So, generally, you cannot spend more than you put into the card. A prepaid credit card is a convenient payment tool but is not a credit card and thus, does give you a revolving credit. You can use it to learn good spending and money management habits to prepare for a regular credit card in the future |
