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I’ve applied for two student cards, one with Chase bank and one with discover, and have be denied a credit card both times due to lack of credit history. What is a card that will allow me to build good credit so i can get a better card?

It is best if you have a checking and savings account before applying for credit and you have to have a job.

Then there are two ways you can go –

(1) Ask one of your parents to add you to one of their credit cards – make sure the history is good – because it will be reported to your file in its entirety on the next billing statement. Then apply for a student credit card.

(2) Apply for a Capital One Student Credit Card – they almost never turn anyone down. They just approved my daughter today. Her 18th birthday was yesterday and she has NO credit. There is a link to the application page in the source section of this post.

Good luck to you!

So my credit score is something like 562. I am looking to get a credit card with something like 2000 dollar limit or lower that wont have unbelievable fees. Does something like this exist? I’ve applied for credit cards over the last year and have been denied each time. Yeah, my credit sucks. What can I do?

Every time you try to get a credit card, the inquiry reduces your rating.
It is usually only 1 or 2 points, but if you have bad credit it can reduce it up to 5 points.

You will not find a card with a $2,000 limit.
The best you can hope for is one with a $250 limit.

Problem with a limit that low.
Any time you use more than 30% of your available credit limit you are destroying your rating.
Ex: $250 limit – never use more than $75 at any time during the month on that card.
And, of course make sure you pay a credit card in full for top ratings.
Carrying balances on credit cards can destroy credit very easily.

There are some cards, but I consider them scams.
A certain bank has a card.
$250 limit
$95 annual fee
$75 proceesing fee
$10 monthly fee
$5 just to see your bill online
You end up with a card that is maxed out (which lowers credit) and you only have about $20 available to use.

They also have an inquiry fee to see if they can raise your limit.
Each time they do this (un announced about every 3 months) you get hit with a $35 inquiry fee.
This fee puts people over the limit –
They get that nice $40 over the limit fee.
And then the interest rate can go up to 45% – yes – they can go up that high.

In conclusion – stay away from these cards.
Go to your bank and get a secured loan.
You give them $500 or $1000, you invest in a cd- and you make a secured loan against that amount.
Paying back on time for at least a year will improve your credit.

Do not ever in life consider getting a credit card to carry balances.
This will only destroy your credit – and in turn your life.
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Credit card services are among the widely used services today. More and more people are applying for these services. For most people, credit cards are just like money, but actually it’s not. If you’re one of them, it is advisable for you to rethink about getting a credit card application. You’re just going to drown yourself in a lot of debt.

Yes, you may be able to buy stuffs you think you need without feeling the guilt. However, when your credit card bills arrive, you’ll still feel that massive impact of guilt and regret. “I shouldn’t have bought this and that…”, this is what most people say when their bills arrive.

If you have cash with you, it is much wiser to use that cash rather than use a credit card. Paying your debts using a credit card is not really a good idea. Why? Because using a credit card would mean that you’re just paying a debt with another debt.

But if you know how to responsibly use a credit card, then feel free to get a credit card application form right now. Here are some guidelines on how to get a credit card.

First, you need to gather everything or the necessary papers for the application. That includes your driver’s license number, weekly income (before tax), repayment of amounts and balances owing on any liabilities (such as credit cards, store accounts and etc.) and details of your investments, assets or savings.

If you are applying for a corporate credit card account and you want to hand out cards to your employees, you can ask each of them to submit these requirements. Plus, you will need recent tax information if you are self-employed.

Second, is to get an application form. You can get this either by going to the office of the issuer or by logging online. One good advantage of going directly to the office of an issuer is that you are allowed to ask all your inquiries and the answer they will give you will be limitless. You can ask them about the percentage, where and when will you be able to use your credit card, how to apply for a larger credit limit and more.

However, this usually takes a lot of time and for some people, time is something they don’t usually have. If you are one of these ever so busy people, you can try the internet. There are many issuers that have put up their own websites in order for their service to reach wider range clients than in the real world.

Online, people from different places even countries can for a credit card without visiting the office of the issuer. You will still be asked to submit all the necessary papers that will prove that you are who you say you are.

As said earlier, online credit card application is a much faster way. Some credit card issuers’ web sites will allow you to complete your application within 10 to 15 minutes.

But the best thing about online application is that it will allow you to apply for a credit card account without ever leaving the comfort of your own home or office. This also doesn’t need your fullest attention, so, you can continue working while applying for a credit card account.

Mario R. Churchill
http://www.articlesbase.com/finance-articles/advice-on-getting-a-credit-card-application-94781.html

A lot of people are taking advantage of what the internet could offer. The internet paved way for us to make all things faster and easier. Almost all things are delivered with digital speed.

One of the best things about the internet is that you can easily order the items you need online. You can even automatically pay your bills there. And you can also submit application for a credit card. Isn’t that great? All the things you need just right at your finger tips.

Online credit card has really been the talk of the town. More credit card companies are available online, and each has their specific requirements, and guarantee. So, if your one of those who wants to apply credit card online, try to know each companies well.

Below is a quick review on some of the popular online credit card most companies offer. This would help you understand the benefits they offer as well as the different credit card categories.

Cash Back Cards. This is the most common type of credit card. Almost all stores offers them. The good thing about this credit card is that, you can receive as much as 5% on particular purchases. A lot of credit cards focus on specific types of spending practice such as the basic necessities. It is practical that you make use of your card wisely on some items to take advantage of the returns on these cards.

Airline Mile Credit Cards. These are the known as the universal credit card. This credit card company was founded in the year 1990’s, yet still known today. This universal flyer cards, offers more like what cash back card offers. The only difference is that the reward is computed in reward miles. So, it’s better if you read first the fine print and find out the bonus plans and restrictions of the card. Moreover, airline mile cards have annual fee.

Bad credit credit cards. Typically , these cards do not offer low credit score. In fact, these bad credit cards are great means to further improve your credit rating. You should only be wise enough to take advantage of the options available. Check out Gold Cards or Orchard Bank’s Platinum. You can also decide for a secured card. The secured card needs you to have a savings account to be used for collateral. You should also pay your monthly balance.

Low APR Cards/Balance Transfers. This is best card for financially minded persons. If you want to hold a balance on your credit card, then obtaining a better low APR card or balance transfer can significantly cut your monthly bills. The huge margin of balance transfer cards offer you a 0% APR, that’s definitely low APR. This will give you a great chance to pay your debt first without paying much interest than needed.

Instant Approval Offers. The name itself explains it all. This instant approval cards offer an easy and quick chance to have a good start. You can easily have the credit card even without submitting a credit card application online. These types of credit card are widely offered in many banks.

So now, you have already the idea about the four most popular credit card categories. There are definitely more of them. But whatever your belief is, there is one that is best for you. Your great option is to take time to shop around and choose the card that is perfect for you.

Mario Churchill
http://www.articlesbase.com/finance-articles/what-an-online-credit-card-could-offer-97918.html

Companies who offer online credit card applications always receive a number of questions from the applicants about the procedure of applying for a credit card. Many finance companies now offer this facility and ensure that it is convenient for the user with an application process that is helpful. Websites like this also guarantee to answer all important questions about making an application online. Strangely though, the main question that needs to be answered is where to find an online application form because some companies are not very good when it comes to navigating their site. All the information and links you require are at the website on the sitemap page which is in essence a complete index of the site.

Each site usually has a number of special offers available to tempt new custom if you just take a look; these can be anything form low interest rates to air miles! After you decide which offers appeal to you then you can apply for a credit card by clicking the ‘Apply Here’ button next to the offers that are of interest to you. An online application form will available as soon as you have hit the ‘Apply’ button. The process is quite straightforward and won’t take long to complete the application. It’s a secure process, well it has to be, and one that’s also easy to use.

Before you start applying for your credit card, consider just what information will be asked for the application. It helps to know this in advance so you can have everything handy and avoid the application taking longer than necessary. Delays happen when all the information required isn’t close to hand. What you don’t want to do while your applying for your credit card online is to leave the form to find required information. It’s good when you can remember most of the information required.

Obviously the application will ask for the basics like your birth date, full name and address. There are other questions you may need to refer to though such as driver license number or social security number. It shouldn’t take to long once you have completed the form before you get an answer. Waiting for the reply is always the most demanding part of the applying for a credit card. Because each credit card company works differently, there’s generally a different delay with each.

As each credit card company is different so are the delays experienced before you receive your credit card; be prepared as some companies may make you wait 14 days or more. It’s always worth remembering that if you have a good track record, when you apply for a credit card you probably won’t wait as long. Late or defaulted payments can give you a bad credit record. The online applications are secure and convenient and you can choose the credit card of your choice.

Carol Bell
http://www.articlesbase.com/credit-articles/credit-card-application-online-455877.html

Many people in the early years of the 21st century have found themselves dealing with serious debt problems. More often than not these men and women are facing these serious financial problems because of the manner in which they have used — misused — their credit cards. In this informative article, you are provided with information in regard to what you can in order to bring some control over your finances in this day and age, particularly some degree of control over your credit card debt. By getting control over your credit card debt, you will be on your way to a more stable financial situation now and into the future as well.

One option that you have available to you if you are interested in reigning in and dealing with your credit card debt is a debt consolidation loan. Obtaining a debt consolidation loan can be a quick and effective method of dealing with out of control credit card debt. You will want to spend some time shopping around to make certain that you obtain the best terms associated with a debt consolidation loan as part of your strategy to control your credit card debt.

By obtaining a debt consolidation loan you will be able to significantly lower the amount of money you are spending each month. In this regard, by obtaining a debt consolidation loan, you will be able to:

– reduce interest rates you are paying in regard to your debt

– eliminate penalty payments you’d been making

– eliminate late fees you’d been making

When all is said and done, this can result in a very substantial savings to you over the course of not very much time. In other words, when it comes to dealing with reducing the costs associated with credit card debt, a debt consolidation loan is a great option in many instances.

You need to keep in mind that obtaining a debt consolidation loan to deal with your accrued credit card debt will not, in and of itself, be enough to completely relieve you of the prospective burden of significant credit card debt. You actually need to do more beyond obtaining a debt consolidation loan to ensure that you do not end up in trouble with credit card debt again in the future.

Beyond obtaining a debt consolidation loan you need to stop using your credit cards liberally. You literally need to cut up your credit cards. It is acceptable to use a solitary credit card — prudently.

In addition to reducing your reliance on credit cards, after you have obtained a debt consolidation loan you will want to consider meeting with a debt counselor or a financial planner to plot out a debt management strategy for your future. These professionals can aid and assist you in coming up with specific and workable strategies through which you can keep your debt under control in the future.

Thomas Erikson
http://www.articlesbase.com/finance-articles/obtaining-a-debt-consolidation-loan-to-control-your-credit-card-debt-116950.html

Think you’re ready for a Visa student credit card? Most students assume they are without giving the matter very much thought. If this describes you, then you might be biting off more than you can chew. Before you jump into the world of credit cards with both feet blind, make sure you ask yourself these three important questions…

1. Who’s Tab Is It?

First and foremost, before you decide whether or not you’re ready for any Visa student credit card you’d better make sure you have a way to pay the statement when it comes in each month. If you don’t have a job you won’t be able to pay your bill. Remember, this is your credit card — not your parents’. It’s your responsibility to pay it.

2. How Disciplined Are you?

Okay, so you have a job and you can pay the bill when it comes in. The other question you have to ask yourself is how disciplined are you? Will you have the willpower to use your Visa student credit card wisely, or is it just going to put you under a pile of debt?

If you can barely resist the temptation to spend when you have cash in your pocket or a checkbook in your purse, how are you going to resist it when you have plastic in your wallet?

Remember, a Visa student credit card is not a license to spend. It’s supposed to be a tool to build your financial future and help you out in case of emergencies.

3. Do You Realize This Will Go On Your Permanent Record?

Another thing you need to consider when applying for a Visa student credit card is that everything you do with it is going to go on your “permanent record”. No, not your academic record, but a record that is just as important.

If you make a late payment or max your card out it’s going to show up on your credit report. And it’s not just going to be there for the world to see — it’s also going to lower your credit score. You might not know it yet, but your credit score can make or break your financial future. This can interfere with your plans to get an apartment or buy a car when you graduate.

The above questions raise some valid points. If they’re making you second guess yourself, it’s best to stick with debit cards and leave the Visa student credit card for later. If, however, you are more confident than ever that you can manage a Visa student credit card with ease, you just may be ready for the credit card world.

Max Anderson
http://www.articlesbase.com/finance-articles/are-you-ready-for-a-visa-student-credit-card-282095.html

Thousands of people are constantly finding themselves deep in debt due to credit cards. Sometimes they find ways to come up with payments and are able to climb out of their financial hole, but there are other people who do not know of any other way out except to file for bankruptcy.

However, there are many other ways to get credit card debt relief besides filing for bankruptcy, but unfortunately, most people do not seem to be aware of these procedures.

Let’s take a look at how credit card debt builds up. Say you owe $20,000 on a single credit card. That might seem like a huge amount, especially if you do not have the means to pay for it. But the thing is that you did not really spend that entire amount during your shopping sprees. Probably more than half of that amount actually came from accumulated interest rates.

This brings us to the first and probably the best way you can get some credit card debt relief, and that is by negotiating with your credit card company to lower your interest rates. You would be surprised at how many companies would be very willing to grant this request, particularly if you have been with them for quite some time.

In addition to the interest rates, you can also request for them to lower your late fees. Some credit card companies might even be willing to completely waive your late fees if you commit to paying more than the minimum payment for the succeeding months. You can also have some credit card debt relief by requesting for an extension of payment lines.

If you do not have the convincing skills to negotiate with the credit card company on your own, you can always enlist the help of a credit card debt relief company to make the settlements for you. In addition to helping lower your interest rates, most of these financial agencies will also teach you how to manage your credit cards more efficiently in order to ensure continuous credit card debt relief.

However, when choosing a credit card debt relief agency, you have to be very careful as there are many crooks out there posing as helpful institutions but are really just stealing people’s money right from under their noses. It is always a good idea to select a credit card debt relief agency that has an excellent reputation and has been around for quite a while.

Still, if you want to get permanent credit card debt relief, the best solution is to learn how to use your credit cards more sensibly and how to keep yourself from making purchases that are way beyond your budget.

The second technique of achieving credit card debt reduction is by opening a new credit card account with a much lower interest rate. This might sound crazy, because why would you open a new account when you obviously can’t pay off the accounts you already have?

The answer is simple. You will be using this new card not to make new extravagant purchases but to pay off your old debts. Once you transfer your previous debts to the new card, you will obviously be paying a lower interest rate and you will be able to pay off your total debt in no time.

David Faulkner
http://www.articlesbase.com/finance-articles/credit-card-debt-relief-how-to-put-an-end-to-credit-card-debt-283294.html

For parents college can be expensive, however for the college student, credit card debt seems to come with the territory. Do students and credit cards go well together?

If you’re starting at a university and beginning to ease into a situation where you will be in charge of your own money,college student credit card debt is something to be aware of. However, used wisely a student credit card might be just thing you need to get started!

These days, many universities offer credit cards to their student body and many students have found these cards to be both convenient in terms of day to day life and extremely useful when establishing a good credit line.

One of the first things to think about when considering getting student credit card is that for the most part, you are pre-approved if you are student at the university. One of the most frustrating things that can occur when you are looking for a credit card is being told that you do not have enough of a credit history to apply.

This can work against you in other situations as well; for instance, many apartments do credit checks before allowing you to rent a unit. A university credit card will allow you to both build up credit and take advantage of the convenience of having a credit card right away.

In fact, many universities that offer credit cards allow you to pay online, ensuring that you will have your credit card in a matter of days, rather than weeks. Similarly, you can keep track of all of your transactions while you are online as well, something that the major companies are just beginning to take advantage of,but be aware that college student credit card debt, can build up without you realising it, especially if your parents are footing the bill!
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Student credit cards, especially as they offered through a university, often have kinder interest rates than otherwise. Do some comparison shopping and there’s a good chance that you’ll end up with a student card during your university years even if you do qualify for a Visa or Mastercard! While the best plan with a credit card is simply to pay it off immediately, a good line of credit at a low interest rate can really help out if money gets tight. No one wants to make the decision between textbooks and groceries, and a good university credit card help out with that.

Think of your student credit card much like a student apartment. While you would eventually like to move into a larger house or condo, there’s nothing wrong with student apartment at the moment. At this juncture of your life, you have different needs than you will later. A student credit card, while not ideal for the rest of your life, is often just the solution you’ve been looking for when you’ve newly entered the university life.

For parents college can be expensive, however for the college student, credit card debt seems to come with the territory. Do students and credit cards go well together?

There are many ways to find out if your university has a credit card available. As soon as you get to campus, you’ll probably get a notice regarding it, but if you haven’t, check the university web pages, and if there is an information center, inquire there. Sometimes, it’s as simple as clicking the right links and filling out a brief application.

Start building up good credit at this point in your life and when you’re ready to graduate, you’ll find plenty of reasons to be glad you did. College student credit card debt, is not a bad thing and on the whole, students (our future) do a great accountable job. So nothing to worry about parents!

Derek Smiley
http://www.articlesbase.com/non-fiction-articles/college-student-credit-card-debt-tips-for-parents-207062.html

When it comes to secured credit cards, many myths abound. From “they’re only for people with bad credit” to “they’re more expensive than unsecured cards”, you can’t always distinguish the truth from the lie. Worry not. I’m debunking the most common secured credit card myths.

1. Secured Cards are a Bad Credit Stigma

Think a secured card announces to the world that you have bad credit? Guess again. Most secured cards are indistinguishable from unsecured cards. Your card itself won’t say anything and your credit report won’t show the fact that your account is secured.

2. Secured Credit Cards Have High Interest Rates

Many people assume that secured cards are for people with bad credit, and as such they have a higher interest rate attached to them. This isn’t the case. A secured credit card is less of a risk to creditors because the credit line is backed by a bank account. Because of this, secured cards often have lower interest rates than many of the bad credit unsecured cards.

3. They’re For People with Bad Credit

If you think a secured credit card is only for people with bad credit, you can rethink that logic. Secured credit cards are for people from all walks of life. You don’t have to have bad credit to carry one. Many people with decent credit qualify for unsecured cards, but not the best ones. In these cases, a secured credit card can offer better terms and higher credit limits.

4. They’re Issued by Predatory Lenders

Secured credit cards, more often than not, are not issued by predatory lenders. The cards issued by predatory lenders have high interest rates and high annual fees and processing charges attached to them. While a secured credit card is likely to have an annual fee it will usually be reasonable (in the $50 range), as will the interest rate.

5. A Secured Card Is Like a Debit Card

This one couldn’t be further from the truth. Secured cards are connected indirectly to a bank account, but they work nothing like debit cards. Your secured credit card account will be reported to the three credit bureaus, helping you improve your credit rating. Debit cards don’t do this. And like unsecured cards, you must pay your secured credit card statements when they come in each month even though your security deposit is securing that line of credit.

So are secured cards the black sheep of the credit card family? Absolutely not. A secured credit card can be a valuable financial tool — it’s just a matter of differentiating the myths from the reality.

Sean Masterson
http://www.articlesbase.com/finance-articles/debunking-5-secured-credit-card-myths-614754.html