College student’s credit card problem?
Ok. I’ve gotten to the point where I’ve decided that I need to develop a credit score. It’ll probably be better to have one by the time I get out of college. I have both a savings and a checking account, and my bank told me that they do “Student Credit Cards”. Ones with minimal balances. Like $ 200-400, or something like that. Just to start out with.
After sitting for an hour. I was told that these are for members of the bank who are IN COLLEGE, and have NO credit history. Like me. I was told that I would get everything I needed in the mail in about 5-7 business days. Simple enough.
No
I got a call a week later saying I was denyed for the credit card because i have NO credit history. They suggested to open a store card (at the mall or somewhere like that), stay on time wtih those for a couple of months then try later. Unfortunately, I cannot open one of those either becuase in order to do so, I need a credit score. Catch-22.
Does anyone have any suggestions of what I should do? I’m kinda confused.
Thanks
Best answer:
Answer by fmxkrazyone
I got my first credit card through something I got in the mail. I read it carefully and there were no annual fees or crazy interest rates which are both things you have to be really careful of. Juniper.com is a place I was able to get a card pretty easily. There’s no annual fee and the interest rate is decent and I got it when my credit was at its worst, so you may get lucky. Banks are pretty tight with their money right now and you may have to do some searching before someone will approve you, but search around, I’m sure you will be able to find something. Keep checking with other banks too, you don’t always have to be a member to get a credit card from them.
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