What unsecured cards are available for those new to credit?

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doligan305
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What unsecured cards are available for those new to credit?

Postby doligan305 » Thu May 03, 2012 11:09 pm

I just turned 18 last month and applied for the Citi secured Mastercard got approved for 500. Is there any other card that i should try applying for that is not secured?


Starwind
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Postby Starwind » Sat May 05, 2012 11:50 am

I'd just keep what you have any use and pay it off for about 6 months. Check your score and see what range your in. That way you may be eligible for a better card when you do apply for an unsecured card. I was denied for a couple basic cards before I got my secured card. 8 Months later I've been approved from Chase Rewards and Discover Roads. Wait so you can have higher score and not many credit pulls

2010drive
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Postby 2010drive » Sat May 05, 2012 12:15 pm

Capital One cash rewards is pretty easy to get.
April 2012 - Capital One Cash Rewards: $2000

August 2012 - Chase Freedom: $3000

doligan305
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Postby doligan305 » Sat May 05, 2012 1:49 pm

oh ok man thanks :]

Crashem
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Postby Crashem » Sat May 05, 2012 2:10 pm

capital one for newcomers assuming you have income. student cards if you have income and are in college
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

Maximilian
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Postby Maximilian » Sat May 05, 2012 2:28 pm

I had to also apply for secured credit cards as well -- considering I recently moved to the US. I applied and got 3 secured credit cards from Wells Fargo, Bank of America and Capital One. With the first two, after 6-12 months you can submit a consideration request to upgrade your card to an unsecured version and release your funds which is currently held in a CD. With Capital One, you won't have that option. I'd definitely recommend crossing off Capital One of your list; unless you want to receive their infamous 'pre-approved' offers in your mail.

Bank of America secured card is the better option.

Money card
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Postby Money card » Sat May 05, 2012 8:50 pm

doligan305 wrote:I just turned 18 last month and applied for the Citi secured Mastercard got approved for 500. Is there any other card that i should try applying for that is not secured?


I would say since you're 18 use your Citi MasterCard, in a few years after your done with college, then you can think about better cards. But for now use the 1 card.

doligan305
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Postby doligan305 » Sun May 06, 2012 12:25 pm

@money thanks man i think ill follow your advice :]



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