Can I get a credit card without a job as a permanent employee?

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christinat
 
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Joined: Fri Nov 04, 2011 10:46 pm
Location: Logan/Utah

Can I get a credit card without a job as a permanent employee?

Postby christinat » Fri Nov 04, 2011 11:01 pm

I have been interested in getting a credit card to build credit, however I am beginning to question if I can qualify.

I was very surprised to find difficulty getting a credit card. After getting rejected they sent me a list of reasons why I didn't get approved, and while I am confident I can pay - I can see why they didn't trust me.
  1. My score was lower than expected since I cancelled all my credit cards and took out some student loans (last year it was about 680, now I believe it was 630)
  2. I have been unemployed without a job for awhile and only got employed within the last month
  3. I am working as a "temporary" worker and therefore am a risk since it is not a steady reliable source of income (although I actually get more hours here and are at less risk of loosing my job than in any previous job)
  4. While I am employed, My student loans vs how much I expect to make in a year doesn't look good. I'm on my 4th year of college and have $9,000 in loans. I personally have a solid plan on paying for them, but from the point of view of a 3rd party lender I can imagine those wouldn't look good especially since I've made on average $7,000 a year while in college and I have been unemployed.
...

I am not opposed to taking out a secured card (I have up to about $500 that I'd easily relinquish for that purpose... about $1,500 total in savings) However while talking with customer support the best I can get is a "there is a higher chance you'd qualify with this one than other cards." (that really doesn't answer my question)

High interest rates or low benefits are not a big deal as of right now- I plan to only spend a very small amount in order to build credit.

Also, I am not interested in applying again unless I feel fairly secure I'll qualify. I've applied to two places in the past week (once with my personal bank, and one that had assured me that I'd qualify based solely on my credit score.)

Thank you for any advice you might give.


naomibatac
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Postby naomibatac » Thu Nov 10, 2011 11:33 am

As of now, the best credit card advice I can give you is to get a secured card. If you are unemployed or if your work is temporary, your chances of being denied is greater. In order to get low interest and high credit limit for unsecured card, your credit score should be high.
[size=60]I don't have any relationship to the credit cards or companies discussed here. I am solely a regular member of this forum with no direct financial rewards from this site. My opinions are solely mine.[/size]

A mom of 3 and currently living life, and working for credit card helpline, a company dedicated to helping people get out of credit card debt.

Code of Honor
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Postby Code of Honor » Thu Nov 10, 2011 1:51 pm

You don't have to indicate that you are a temporary employee on the app. Just anualize whatever your pay is and use that as your income. As for the loans, those are very low numbers for student loans, if anything they are positive tradelines on your report; no one expects you to pay off your student loans in a year. 630 is a low score if you're trying to get a good credit card though. I think the main problem is you closed all your credit cards. How long ago did you do that, and how old were those cards?



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