Tag Archive for Credit

Where can I get a credit card that will guarentee approval?

January 7, 2012

Where can I get a credit card that will guarentee approval?

I have been applying for credit cards everywhere and it seems that since I have no credit that I won’t be approved for one. Well the whole point in me getting one is so that I can BUILD credit. I have looked at EVERYTHING, including student credit cards and cards that are “beginner cards” and don’t seem to be having any luck. I would prefer a VISA, MasterCard or a Discover card. Where can I apply for a credit card where I can GUARANTEE that I will be approved.

But I want one that doesn’t have an annual fee. I don’t care how high the interest rates are since I will always pay everything back immediately (again, this is just so I can start to build some credit).

Best answer:

Answer by Ryan M
LOL….there is no such thing as a 100% guaranteed approval. Do you really think that there is a bank out there that issues cards to people with no job, bad credit, under 21, and a mountain of debt already??

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Credit limit suddenly changed… What’s up?

January 5, 2012

Credit limit suddenly changed… What’s up?

So today I checked my bank account online, and suddenly it said “Credit Card” (I have a standard student one) to “MC Platinum.”

I had a 1k limit and now it says I have 0. I only charged $ 100 on it. I’m looking for more info online and can’t seem to find much on it. I may call them tomorrow. Do you guys know what’s up? Have you ever experienced this?

I have the card for 7ish months now. Thanks in advance!
Forgot to say that I always pay my balance in full. No interests yet!

Best answer:

Answer by Judy
Time to call the bank and ask.

Sometimes if you get a hotel room they will put a hold on funds in a credit card.
But this is usually 1 or 2 nights stay.

It’s not your credit – paying in full each month should be getting you those top credit scores.
Do you have anyone joint in the account?
Did they report the card lost or stolen?
Never panic – credit cards offer 100% fraud protection.
If someone else used your card without you knowing you will NOT be responsible for the charges.
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Need an emergency credit card fast?

December 25, 2011

Need an emergency credit card fast?

I’m going out of the country in two weeks, and have been told to get an emergency credit card, “just in case”. I’ve never had a credit card before, just a VISA debit card (which I use for everything, because I know I’m not spending more than I have in the bank), so I have no idea what to get.

Ideally, I’ll never even use it.

As far as I know, I have good credit. I only have student loans and I’ve been paying them off extra quickly.

I contacted my bank and they basically said there isn’t enough time to get one and I should call them to ask for a loan instead. What did they mean by that?
“Debit cards are bad news.”

Hmmmm…. It looks like there’s some truth to that. I guess I should get one just to have. I would want one that behaves as similarly as possible to a debit card, though, that automatically takes money from my bank account so that I don’t have to pay interest. Do they have those?

“Credit cards have become a necessity in society nowadays, you can’t go anywhere without having to use one.”

My debit card works everywhere a credit card does, so no, it’s not really a necessity.

Best answer:

Answer by AM-NM centaur
Debit cards are bad news. If an unscrupulous merchant or criminal gets hold of your card number, they can drain your account of all its money. Good luck settling that problem while abroad. Get a real CREDIT card instead of a debit card. You have far more legal protections. It is best to keep 2 credit cards so if one is denied, you have a backup. Less likely that both cards will be denied.

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My credit score?? Is it affected?

December 23, 2011

My credit score?? Is it affected?

Ok, so I have two credit cards, one was a “student” credit card that didn’t seem to collect interest, the other just a regular rewards card. One card was maxed the other almost maxed. I paid them mostly on time for the most part.. making the minimum payments most months and sometimes more than the minimum while i would slack off and forget to pay them other months and just not care. I did not understand what any of it meant until my parents explained. So basically.. I’ve had it happen twice where I got a phone call from the bank requesting me to pay. And I would after this obvious reminder. How badly is my credit score hurt?….. Over 1700-1800 dollars worth of debt carried for over a year… This week I paid them both off fully at once. Was this a bad idea? How do I fix most of this?

I am a university student with no debt other than these 2 cards. My university tuition has been paid for in full and I’ve never needed a student loan or ever requested one. Next year I am thinking about having a student loan to raise my credit score? I have a cell bill that my parents pay every month on-time. I currently work part time… and am forever guaranteed my job (employed for the full year).. so in the winter time etc I can work whenever I have time off school. I make quite a bit of money and own my own vehicle fully paid for…and just pay rent yearly.

Is it nice now .. that i’ve fully paid them both off.. to use my credit cards to buy things then when I get home pay them off right away? will that help?

Best answer:

Answer by chris c
I am not sure. You should send an email to Home Credit Express. They are the ones I signed up with to fix my credit and manage my debt for me.

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Will anyone give me a credit card? If so, which would be the best?

December 20, 2011

Will anyone give me a credit card? If so, which would be the best?

I have only one thing on my credit. It’s an auto loan in nice standing since 12/06. My score is 726, which is categorized as “very low risk.” However, when I use the credit card finders offered on the websites of MasterCard, Visa, Discover, et cetera, they all tell me no cards match the criteria I entered.

The thing is, they ask how your credit is, and the responses you have to choose from are too specific. For instance, if you select “Good”, the statement that goes along with that is “Most of my credit is in the form of credit cards…” That’s not true. And next to “Excellent” it says “I’ve been approved for credit cards many times…” That’s not the case either. Also, all the cards I could find that are specifically for someone with limited credit history say “For College Students,” and I’m not one. Can somebody help?
Also, I’m not interested in a prepaid card. At all.

Best answer:

Answer by ansrplz
this might be bad advice but in your case you should shop around at banks cuz they give u detail information (only if u ask) but they really try to screw u over. if ur part of a credit union ask them

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Two credit cards are open; which one can I close without affecting my credit?

December 19, 2011

Two credit cards are open; which one can I close without affecting my credit?

I have two credit cards open at the moment. I opened a “student” type beginners credit card with my local bank and have had it for a while and now have a limit of $ 1,100.00. Another card was opened for me with more benefits (which I didn’t know it was another account or card I was opening) with a limit of $ 5,500.00. I do not want both of them open and would like to close one, but am afraid of hurting my credit. I want to close the $ 5,500.00 limit credit card because I do not want to be tempted to spend the extra money. I just recently opened it so I do not know which one to close. I would like some help from someone who’s familiar with the credit system! Thanks.
Doesn’t having a credit card open without using it hurt your credit? If I have to keep it open, how long down the line should I wait to close it?
I think I’ll keep it open then as long as it does not hurt my credit, right? How long should I keep it open for until I can close it?
CLARIFICATION ON MY QUESTION: I have had the “student” credit card for max time of 1 1/2 years. The other credit card was opened about 4-5 months ago.

Best answer:

Answer by griffin_art_design
You’re better off not closing one of them. If you feel you might be too tempted you can destroy the card so that you can’t use it without actually closing the account.

A large portion of credit rating is based on history, or how long you’ve had lines of credit. I would seriously advise you to NOT close one of the accounts.

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What happens to a student credit card when you’re no longer a student?

December 15, 2011

What happens to a student credit card when you’re no longer a student?

I graduated college in May. Today I got a call from my credit card issuer (Discover) saying I need to update my information. I told them that I graduated but all my other information was still the same (income, etc…) since I only graduated approx 2 months ago.

Will Discover upgrade the account to a “regular credit card”, close the account all together or just leave everything the same? What do you think?? Please don’t tell me to “call and ask” I want your opinions or personal experiences. Easy 10 points!

Thanks so much guys!

Best answer:

Answer by W Y
If your account is in good standing, they will continue the card under the same terms. I don’t know if they will change the type of the account from “student” to something else, but the card will stay in effect, so the name does not matter.

However, if you have had problems paying on time, then they may use this change in status as an occasion/excuse to cancel your card and invite you to reapply, probably with a higher interest rate.

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Why can’t I get approved even for a student credit card?

December 14, 2011

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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My first Credit Card?

December 14, 2011

My first Credit Card?

I want to get my first credit card, so I can start establishing credit (I have none). I have researched and it is getting overwhelming. I have used a credit card suggestion thing online which told me to try the “Citi Forward Card for College Students” and “Discover Card for Students.”

My question is, do I just apply online to the respective sites in order to apply for the card? I mean, can you get these types of credit cards at my local bank or do banks just have their own card (I use PenAir). I ask because I would really like to be able to talk to a person about this card because I don’t want to mess it up…or get a bad card…but I guess if I tried to talk about a representative they would be more concerned about selling their cards than helping the person figure out how to use it properly (or if it’s for them at all…)

Best answer:

Answer by sapphira72
Many companies don’t even grant to 1st time borrowers; I was declined by Amazon before I got a $ 300 card with Capital One. (They’re not great. APR’s high, heavy on fees, etc.) But once I had that card for a few months I got a prequal offer from JC Penney, and another one from Chase. I’ve heard Target is really nice about opening accounts for most people.

If you’ve banked with PenAir for sometime they may give you a card as well. (Most local banks have some credit card to offer.) I would ask them what their policy is for first time credit. Hopefully they respect your relationship and wouldn’t mind loaning you a little bit of money.

I read about Cap One’s cards online, and then called someone to process the application by phone. He was quite knowledgeable. They always try to sell you payment insurance. I always decline that stuff personally.

Good luck!

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Got denied for a credit card. “insufficient income compared to debt.”?

December 13, 2011

Got denied for a credit card. “insufficient income compared to debt.”?

Well, I can’t exactly remember the wording. But, I’m a student and have government student loans… No duh my income is insufficient, I don’t have a job. I pay for school with FAFSA loans. So obviously my income is too low compared with my debt. I have a great credit score though.
I’m just wondering if there is way I can get a credit card, or will I always get denied? I don’t need one, I just want one to build my credit. How can I build my credit if I can’t get a card?
Thanks!
As I said, I want a card to build credit. I’m graduating and getting married soon and I think it would be a good idea. I have enough money from other sources to pay off my bills on time, no problem
Oh yes, I forgot to mention. I’m getting My Bachelors of Science in Nursing…. So I will have no problem finding a job. Plus, unlike other people, I will not accumulate debt on any credit card. I will be able to pay my bills the moment I get them. It’s not like I plan on going crazy if I get a card, just purchase a few small items on the card, like gasoline, so it will be a simple thing to pay it off. I did not ask this question to get scrutinized, I’m not a stupid college student. I was asking a serious question and expect serious answers… Which I have not received. All I want to know is if there is a way for me to get a credit card, or if I need to pay off my loans before that is an option. I have managed my money quite well, hence, the need to not have another job until I graduate, thank you very much.

Best answer:

Answer by KayleaF
If you don’t have a job you probably won’t get a credit card.
And why would you want one with no job?! A dangerous decision!

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