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Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » I am 20 years old. I have no credit and applied for a credit card maybe 2 years ago and ...

I am 20 years old. I have no credit and applied for a credit card maybe 2 years ago and was denied. I have had steady work for the past 3 years and make a reasonable income. I am not in school at the moment, and probably won’t be until next winter. With that said, I was wondering what my best option for a credit card would be. I don’t want to go out and buy items I don’t need. I just want somewhere to start out so that I can build my credit.

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Leo Zhu

You can consider applying for a credit card for people with limited or no credit history. You can be approved even if you do not have any credit history. Another option for you is a secured credit card. You will need to put down a minimum security deposit of around $200 to get such card. But secured cards usually have lower rates and fees, and some come without credit check. Your credit activity will be reported to the major credit bureaus, so you will be able to build your credit.

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Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.
For Excellent/Good Credit
Earn 1% cash back on gas and grocery purchases. Terms apply.
For Fair Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit

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