Why can’t I get approved even for a student credit card?
I’m 20 years old. And I bank with Bank Of America and have been there a year.. I work full time .. and have been for almost 2 years straight with the same company. I make plenty of money to afford a credit card. I have absolutely no credit at all, so I just want to get a credit card and spend a small amount each month and pay it off just so I can start establishing some credit..
This shit is ridiculous why I can’t get approved.. I tried to apply for a student card.. and it said “it’s for full time or part time students that want their first card” so it’s basically targeting people with no credit from what I’ve read? but this just doesn’t make sense and it’s aggravating me because i can obviously afford it. I just don’t know what to do to get credit if I can’t get approved for shit. I know credit cards can be bad and people might say DON’T get one. but I want credit and I’m responsible so will do my best with one…
Best answer:
Answer by nice grief
The more often you apply, the worse your credit gets. You’ll be labeled a “credit seeker”.
I suggest speaking with a smaller bank or credit union and ask them to start you a small credit card of $ 250-$ 500 limit, but have them hold that amount in a separate account as a “guarantee”. That’s what I did, and it worked. Eventually I established enough credit history that I could cancel that “dummy card” and get my $ 500 back, and apply for a regular credit card.
And you generally can’t get a student credit card unless you’re a full time student. They often require a co-signer anyways.
Good Luck.
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