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Credit Card Applications » Credit Card Questions » Other Questions » how can i get credit if i cant get a credit card and every time i try my credit score goes down

how can i get credit if i cant get a credit card and every time i try my credit score goes down

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Date:
October 8, 2008, 8:24 pm
how can i get credit if i cant get a credit card and every time i try my credit score goes down
Answer:
You can't get approved for a credit card because you must be applying for the wrong offer. To choose the right one, you need to match its eligibility requirements with your credit history and scores. If you have limited credit history, meaning you're a young adult with a job and valid credit score, or you're a college student, look through Capital One cards for average credit.

Capital One Platinum Visa comes with 0% intro APR on purchases and lowest ongoing APR. No Hassle PointsSM Rewards has the same introductory saving rate and allows earning points on eligible purchases. Both cards have low annual fees and manageable credit lines. Their application requirements are a stable source of income, some payment history (a loan or just utility bills) with no bad payments or college attendance.

If you do not have proper income and credit score and you do not attend college, you should apply for a secured card. Black Diamond Visa® from Millennium Bank is a great tool to establish credit. It offers reasonable rates and reports to major credit bureaus. You'll have to make cash collateral deposit to set up the limit. Once you build up some credit through on time payments, you'll upgrade to a standard unsecured credit card.

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