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- Location: United States
Vattené wrote:With no credit history, your best bet is probably a store account. You may not be able to use it anywhere, but it is a good tool for building plus requires no annual fee or security deposit. If this is a specific purchase you're wanting to finance, depending on where a store account may be a good option for that, too.
Store account? are you talking about like best buy credit card, new egg credit card, wal-mart credit cards, etc if so, i have been declined from all of them, and others as well. I don't have any credit at all.
CarefulBuilder14 wrote:Not sure what you mean by a free credit card. Do you mean a card with an intro 0% rate?
On a sub-$200 purchase, keep in mind that any annual fee would be equivalent to paying a lot in interest, especially when you finance the purchase over just a few months.
I meant just a credit card with no security deposit. I may have to go with caption one secured card and spend 49.99, was just trying to avoid playing a deposit, that's all.
Some store cards are not that easy to get with very little or no history. I tried to get a GEMB (now called Synchrony) card when I had no history and was declined.
Capital One's partially-secured card ($49 deposit, $200 CL) is one option, but keep in mind that other issuers have products which may be worth considering. With Discover's fully secured card, you can earn rewards and have a card that can be useful indefinitely, rather than one you'll discard before the account has much history. It would take a year or more for Discover to unsecure and return the deposit to you, though.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt, Arrival
May close or PC: Prestige, BrooksBros
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech