No credit history - getting denied for credit cards?

Ervin Laeger: Go to a major bank, such as US Bank and ask about their secured card. They will give you a credit line equal to the amount you can put into the account. After 6mos-12mos, you will have established some credit history and then might be eligible for more cards. If you are a student, some major issuers offer student cards. Be careful with inquiries, they stay on your report 2 years and you can be denied for too many inquiries. Also, please do not confuse prepaid cards with secured cards. A secured card from a major bank does not have any fees, other than maybe an application fee. If the card has a monthly charge or fees that are almost equal to your credit limit, then they are a scam. You don't have bad credit, you have NO credit. In the meantime, research all you can about credit scores and how to improve yours. 30% of your score is utilization (how much of your cards are you using? The lower the better) 35% is payment history (are you paying on time each mont! h). Keep your eye on those two major factors and you'll be good to go from the beginning. Good luck!...Show more

Arnette Dominici: to get a credit card with no history you should get a secured credit card, you won't get denied with a secured credit card. When you have it, prove to them you are worthy of the trust... with your money. Then they'll trust you with their money. Good luck to you :)RE: No credit history - getting denied for credit cards?How can I get a credit card with no history, I keep getting denied....Show more

Foster Padgette: open a bank account and then try to apply to that bank's own credit card. The limit would be very low but after making a few purchases the limit would increase every few months. Once you have some history with this credit card you would be able to open any credit card you desire.

Robin Marchione: you need to find a website that offer credit cards for bad or no credit. sometimes no credit is considered bad credit.

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Brice Greczkowski: If you are at least 18, have had a bank ! account for over a year without any problems and have a job, go to your bank and tell them you want a credit card. The manager can put in a good word for you. The card you get will have a low limit. Use it wisely, paying in full each month if possible.This will be the beginning of a good credit history. Don't rush to get a lot of cards. They can lead to overspending.Plump up your savings account, adding to it every month. Then you can make yourself a loan when you need one....Show more

Silvia Stclair: What do you mean when you wrote that you "keep getting denied". How many times did you actually apply for a credit card? Are you aware that applying too frequently for credit actually makes your credit rating worse? If you have no credit history, a good way to build one is to apply for a couple of secured credit cards with a reputable bank. You can start out with a $300 security deposit on each card. Bank of America and Capital One are good banks to apply to for a ! secured credit card. How it works is you actually open a savings account with them and deposit the $300 into the account, then they issue you a credit card with a $300 limit. Don't apply for any more than just those two for now. After you get the cards, use it to buy very small and inexpensive things and try to pay the cards off in full every month. Do not carry a balance of more than $90 on the card from one billing cycle to the next. Anything more than $90 on a card with a $300 limit will exceed the utilization limits that FICO likes to see on revolving credit accounts and will keep your credit score low. Follow my advice exactly and after six months you will have a decent credit score. Keep it up for another six months after that and you will have an average credit score. Keep it up for yet another six months and you will have a good credit score. Go another six months with on time payments and low or no balances and you will have a very good credit score. Also, by this ! time the banks will likely issue you an unsecured card and increase you! r credit limits and you will have established a nice credit history. There are many companies out there that offer secured credit cards for people with no credit or bad credit. I suggest that you use only the banks I mentioned or perhaps even Wells Fargo. Most of the others are a rip off and will charge you high fees and outrageous interest rates. ...Show more

Erin Arron: Have someone co-sign. This will also make them responsible for your actions using the credit card. Parents or family members are the mostly likely people that will trust you.

Tawny Grosskreutz: Try getting one through your bank or credit union its usually much easier to get a first card through them.

Basil Blasingame: Oddly enough, not only will bad credit work against you when applying for a loan or a credit card, but so will NO credit. Even though this doesn't seem fair, it’s the way things work in the complicated world of consumer credit. Lenders are leery about opening accounts f! or people with no credit history, simply because they have nothing by which to judge your reliability.If you can't build a credit history without credit, and you can't get credit without a credit history, what can you do? It's nearly impossible to rent a car, stay in a hotel, or shop online without a credit card.Let's explore a few ways to work around this "Catch-22."Getting Started in CreditAlthough many of the major credit card companies won't give you a card without a credit history, some smaller ones will. Department stores are likely candidates. Gas station cards are also easier to get.Also you can look for a credit card company that will review your overall financial situation, not just your credit history. Some lenders will look at your employment history, your housing situation, and how often you have moved. If all this meets their standards, they may approve your application.Credit UnionsIf you are a credit union member, or are eligible for membership, see what the! ir card issuing terms are. They often have more relaxed conditions for ! members. You no longer have to work for a specific company to be eligible to join a credit union. So, it's well worth checking to find out if there's one in your area.Student Credit CardsIf you are a student, then you'll be best off with a student credit card. Student credit cards can be a great way of building the credit history you will need after graduation. Many banks will issue college students a credit card, especially banks that are located in college or university cities and towns.Secured Credit CardsAs a last resort, because of their high interest rates, secured credit cards are available. They are offered by lenders who will give you a line of credit either equal to, or slightly higher than, a cash deposit that you give them to hold. As your experience with the card grows, these lenders will often raise your limit without requiring you to increase your deposit. Eventually, you can use your experience with this lender to apply for cards that are not secured.When yo! u do manage to get a credit card, don't go on a spending spree -- you will regret it in the very near future. Use your card wisely, and above all be sure to make all payments on time. Your goal is to build a good credit history, not just get a single credit card. Soon you'll be complaining about all the credit cards being offered to you in the mail....Show more