First credit card -- can I get an unsecured card?

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VivianaZariah
 
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First credit card -- can I get an unsecured card?

Postby VivianaZariah » Wed Sep 03, 2014 1:20 pm

Hi there, I've been reading this website; and I have a bad credit history due to college; its 500. I'd like to not have to worry about a Secured fee, is there any hope for me?


supercoolman
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Postby supercoolman » Wed Sep 03, 2014 10:33 pm

what's in you bad credit history?

popamode72
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Postby popamode72 » Wed Sep 03, 2014 10:35 pm

Think it would be nice if we knew more details about your credit in its current state.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

MemberSince99
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Postby MemberSince99 » Thu Sep 04, 2014 6:40 am

500? Yeah, First Premiere and Credit One might be options for you. That's about it if you want unsecured.


Personally I want to be able to street race but not pay for it if I get caught too I'm still working on trying to figure out how to do that, if anyone has any suggestions please let me know.

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onion
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Postby onion » Thu Sep 04, 2014 8:33 am

MemberSince99 wrote:500? Yeah, First Premiere and Credit One might be options for you. That's about it if you want unsecured.


Personally I want to be able to street race but not pay for it if I get caught too I'm still working on trying to figure out how to do that, if anyone has any suggestions please let me know.


Get a motorcycle.
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CarefulBuilder14
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Postby CarefulBuilder14 » Thu Sep 04, 2014 12:34 pm

VivianaZariah wrote:Hi there, I've been reading this website; and I have a bad credit history due to college; its 500. I'd like to not have to worry about a Secured fee, is there any hope for me?


Just to be clear, are you talking about the security deposit or the fee on the card?

If you mean the security deposit, and you don't have $300 cash (or whatever amount) to offer as collateral, then stick with cash for now, since most debit cards will have fees.

If you mean you don't want to pay the $30ish annual fee for a secured card, then you should know that unsecured cards like First Premier will have much higher annual/monthly/activation/application fees than secured cards.

It is highly unlikely that any issuer will give an unsecured card without a fee to someone with a 500ish FICO (and that assumes your credit score is a real FICO and not based on some other metric where a 500 might not be that bad).
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
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MemberSince99
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Postby MemberSince99 » Thu Sep 04, 2014 3:41 pm

onion wrote:Get a motorcycle.



That's a really good point I didn't think of. I never see them get pulled over and their exhaust is louder than most planes taking off - I work right by an airport and hear that every day but the bikes are far louder yet. My dad used to complain saying "If my truck had an exhaust like that the cops would pull me over and write me out a ticket". He's right of course there does seem to be a double standard there.


In fact I watched one jackass on a bike today passing vehicles by going in between two of them together going down the highway. No helmet of course, but probably not much upstairs to worry about anyway so what the hell. The thought that did occur to me as I watched it other than thinking what an idiot is if he does that and gets hurt due to his own stupidity and illegal passing, he'll probably still try to sue everyone else he can for it. That's just how people like that seem to be.



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