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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questions RELATED TO THIS TOPIC
I am a student and do not have credit at all. Do you think I will qualify for the Blue card from American Express?
To apply for the Blue card from American Express you need to have a good or excellent credit score. This means you need a credit score of at least 700†. Although, some applicants have been approved with a credit score as low as 650†. If...
If I get the student debit card from Community First union, will I be able to build my credit history?
No. Debit cards as well as prepaid cards won't allow you to build credit history. The reason is, you are not given access to a credit account and the debit card activity is not reported to the major credit bureaus. If you want to build your credit,...
I just turned 18 this year and want to start building credit how do I do this?
There are several options for you. The first one, and probably the easiest one, is to become an authorized user on your parents’ credit card. As an authorized user you will be issued a separate card. However, note that it will work only if...
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.
You can apply for any student credit card. You don't need to go through the issuer you have a bank account with. Before you apply though, check your credit reports. Make sure any information on them is accurate. If you find any errors, dispute them...
I’m only 18 but I want to build my credit. Which card should I apply?
If you are a student, you can apply for a student credit card. These cards usually have lower rates and fees than traditional cards. They also can have a rewards program that will allow you to earn cash back or bonus points on your purchases.