I am 20 years old. I have no credit and applied for a credit card maybe 2 years ago and...
Credit-Land.com is an independent, advertising-supported web site.
Credit-Land.com receives compensation from most issuers whose offers appear on our site.
Compensation from our advertising partners impacts how and where their products appear on our site,
including, for example, the order in which they may appear within review lists.
Credit-Land.com has not reviewed all available credit card offers in the marketplace.
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.
Answered on Jun 6, 2014
Updated on Jun 6, 2014
The content is accurate at the time of publication and is subject to change.
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.
Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
questions RELATED TO THIS TOPIC
What are the advantages of being an Accepted Platinum cardholder, and how can I make purchases with an account?
The Accepted Platinum Card is a line of credit that can be used exclusively at MyUnique Outlet Shopping Club website (www.myuniqueoutlet.com). My Unique Outlet is the online shopping portal for Unique Card Services that offers a wide...
I was offered to apply for Stoneberry Credit® while shopping online there. I didn't like that I can use that only at Stoneberry. Are there any credit cards that can be used anywhere if I don't have perfect credit.
Thank you for a question. You are right, Stoneberry credit can be used for shopping only at Stoneberry and its brands (including Masseys, Mason Easy-Pay, K. Jordan, and Fifth & Glam) and only online. If you want to shop anywhere, including offline,...
I like the Oportun Credit Card, but it seems to me that the percentage is high. Are there low interest credit cards for people like me with limited credit history?
Yes, it is possible to find such cards even if you have limited credit history. If your credit score is not where it needs to be, you can apply for credit cards for limited/no credit history from our partners and use it to bring...
I like the Staples Personal Credit Card, but it seems to me that the percentage is high. Are there low interest credit cards for people like me with limited credit history?
Yes, it is possible to find such cards even if you have limited credit history. If your credit score is not where it needs to be, you can apply for credit cards for limited/no credit history from our partners and use it to...
I want to get a Fortiva credit card, but I don't like that it comes with annual fee. Are there any alternatives?
You are right, Fortiva credit cards come with annual fees. If you have bad credit, you may choose from best credit cards for bad credit and find there a credit card with $0 annual fee. Don't forget to compare other rates and...