Are store credit cards a good way to build credit?

**edsachs1** · Feb 23, 13, 2:29 pm

Hello, new member here and I was hoping to get some tips on getting my credit started.

Background: 24 y/o, I've also preferred to use cash because its easier for me to keep track of and I'm also worried of credit card fraud, getting my bank account wiped out, etc.

I tried to apply for a credit card through my bank M&T about two years ago. I was declined mostly because I didn't have a steady job at the time.

About 6 months ago, I got a great job. So I figured I'd try again to apply last Saturday. I found out yesterday I got declined again. The bank told me it was because I had no credit history and had only been at my job for 6 months. I really need to try to build up credit, because I would like to buy a house in the very near future.

Anyway the representative at the bank suggested I try to get a store credit card, to try to build up a credit history. I started to look up some different store credit cards and came across this site. So I had a few questions. Is this the best way to get started? If so, what are some good stores to try? Any alternatives suggestions I should try?

I appreciate any suggestions people can give me. Thanks!

**DavidNY** · Feb 23, 13, 7:28 pm

You can get a Bank of America secured credit card, after a while with a good payment history they'll convert the card to an unsecured card.

Another option is to visit your local credit union and see what they can do for you.

**MemberSince99** · Feb 24, 13, 5:27 am

Store cards that report to the credit bureaus work just as well, you just have to be sure the card reports. That's how I got started with credit was a store card. I used it and paid it in full, and a year later I had pre-approvals for prime cards coming in the mail.

**edsachs1** · Feb 24, 13, 11:22 am

Thanks for the information. I may try to join a credit union.

I do have a few more questions about store credit cards.

Are there any that stand out, that people would recommend?

Are there any that can be used at more than just that particular store?

Would it look bad on my credit report if I stopped using it or closed it eventually (just in case my tastes change and I don't shop at that store again)?

Thanks again for any help!

**randeman** · Feb 24, 13, 4:52 pm

Macy's reports to all three. I think you have a decent chance with them.

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Are store credit cards a good way to build credit?