Credit card for 24 year old with no credit history

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Credit card for 24 year old with no credit history

Postby bluegill » Mon Mar 11, 2013 11:02 am

Hello everyone,

I'm 24 year old (turning into 25 next month) network engineer with 40k+ salary. I've never had a credit card as I was always been told that you have to be very cautious about how you use your credit. Up to this time, I've always purchased thousands of goods (computers, tv, hifi speaker, etc) using only debit, cash, or paypal.

I'm planning to finance a car for my first time soon (around $25,000, with $9000 down payment and 48mo or so) and recognized that I have to build my credit history somehow. I apologize for a question that may have been asked thousand times, but I would really appreciate it if someone can shed me a direction on which credit card to get.

Thank you,

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Postby DavidNY » Mon Mar 11, 2013 2:58 pm

For a car loan, check with your local credit union.

For a credit card, you will likely get a card but with a low credit line. If you can't get a card, BofA will likely give you a secured card that converts to an unsecured card after a year.

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Postby credit_card_fonz » Mon Mar 11, 2013 9:31 pm

You should check out then go to the capital one website and the bank of america website. Both websites let you check to see if you might be pre approved without a hard pull.

A highly recommended step is to go to and get a copy of all three of your credit reports for free, then sign up for a free monitoring service like Credit Karma. With no baddies on your reports, you could easily qualify for almost any secured card out there and in the case of BofA it will graduate to an unsecured card in about a year. Any card, secured or unsecured will help it's just that some are easier to get than others and some are a little crappy, but your only focus should be on building credit.

Another consideration might be to start with a couple store cards or a gas card. I always figured if I had something like Sears or JCPenny I might make a small purchase every few months but otherwise wouldn't have much use for the card which could be a good thing. For best results, you should work up to at least 2 cards with at least a $2,000 limit each.

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