I'm looking to establish a credit history. I prefer to make my purchases with my debit...
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I'm looking to establish a credit history. I prefer to make my purchases with my debit card, however, I need a credit history. What would be your expert opinion? I'm thinking the student card. Thanks
Answered on Jan 27, 2012
Updated on Feb 5, 2013
The content is accurate at the time of publication and is subject to change.
If you are a student you should consider student credit cards. If you are not a student and have sufficient income, you should consider our offers for limited/no credit cards. These cards are created for those who want to establish their credit history. Also, most of these cards have rewards programs and low APRs.
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I'm a 19-year-old student. I have no credit. I want to establish and begin building my credit profile. What is the first step I should take? I have a Wells Fargo debit card. Should I apply for a credit card through my bank or can I apply for any card? Also, how exactly do credit cards work when I buy things? I assume that once you apply and receive your card, if you use it you will receive a bill in the mail the following month and then you send off a check or cash to the credit issuer. Is that right? I'm a little frustrated attempting to understand the rules and what to look for in the card agreements.
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