what is a good credit card to apply for to start off my credit?
i currently have no credit so everytime i apply for a card i get denied. Besides Capital One what are some other good credit card companies i can apply at to start off my credit?
lookin for a card i will most likely be approved for.
thx!
Visa is always the best.Just take look at the link below to learn more about credit cards.
The best way to get your credit started is to put $500 or $1000 in a savings account and get a “fully secured loan” from the bank. Your savings account is the collateral. Do this once or twice and you will start a credit rating. Credit cards are a horrible way to begin your credit rating. You don’t learn to handle finances responsibly with a credit card, the interest is too high, payments are too low, and it’s too easy to get in “over your head”. If you have any type of “unexpected” financial issues you can pay the loan off with your savings account with no negative credit affects. With a credit card, the first month you can’t pay the whole balance is the beginning of a downward spiral….just read the questions on this site to see how many people are in trouble with the amount of money the owe. You should never have more payments than you can cover for 6 months without an income. (if your bills are $1000 per month, you should have $6000 in savings, bonds, Cd’s or other no risk investment).
Mary Hunt offers great advice at—http://www.moneyrulesdebtstinks.com/