- Centurion Member
- Posts: 232
- Joined: Sun Jul 17, 2011 11:47 am
- Website: http://www.ivotedale.tumblr.com/
- Location: Mesa, AZ
Quite honestly I think your best choices are either a secured card (deposit, yeah I know) or the Capital 1 route.
Capital 1 isn't as bad as they were two, three, five years ago in my opinion- and although mine isn't really used anymore, it was a great stepping stone card if you will. 6+ months down the road, I had enough good credit to get on the Amex Zync world, Chase Freedom Visa, and now an Amex Blue Sky revolver card. Have never carried a balance nor intend to, and I want to think that's the main reason I have a 770+ score today w/ 5+ years of credit.
Just takes time my friend- whether that's through Cap1 (or similar "low end" card) or a secure card. You can find a multitude of other related information on new credit here throughout the forum, but we all have to start somewhere. On rare occasions you might hear of someone starting off w/ a great rewards card like the Chase Freedom, or other Amex charge cards, but those aren't as common starting out.
You will learn later on to appreciate the other benefits that come with credit cards, not just w/ building credit for car purchase/homes/mortgages/etc, but 'littler' things like purchase protection, travel protection if you intend to fly/etc, and other perks. Extended warranty by American Express is cool- I just bought a Western Digital Black Caviar external hard drive w/ a 5 year manufacturer's warranty, but will get an additional (1) year warranty just because I charged the total amount to the Amex. Meaning if it dies after the 5th year, I should be eligible for a replacement/money back guarantee regardless. Peace of mind.
Either way, best of luck w/ your decision- better sooner than later, and do it right!
Currently: American Express Blue Sky, American Express Zync, Chase Freedom Visa, Capital One Newcomers--->converted to Capital One Quicksilver Mastercard NO AF