(Updated 2013) hi all!
I am new to the credit card world and i am looking for some advice! I'm 22 years old and i received my first credit card on 12/1/11. The card is a Capital One Secured credit card with a 200$ cl.
I think i made a big mistake after doing some reading on this forum.
2 days ago i applied for two credit cards :S. One being the AMEX Zync card and the Capital One cash rewards card. I was denied both (with no surprise). How does this affect my credit and what should i be doing now?
AMEX told me i have no credit history after running my social security. Is this because my account is too young? I really want to do right with credit cards so i can have good credit. How long does it take to establish credit so I can get an unsecured card?