Best secured Credit Card?
I have chase right now and they do not offer secured credit cards. I am trying to raise my credit score and the only reason I have a credit score is because of student loans which I don't pay back till i am finished. My score right now is 522-527. I am 19 years old, I have a decent job, yet I cannot get a loan because of my credit. Please help.
Discover student credit card?
No, it is not stupid. It is a good idea, IF you follow these rules: 1. Never, ever let a balance go unpaid at the end of the month. Forget the interest rate: If you want to build up a good credit record, you should pay the entire "New Balance" every month. That way, you will never be paying any interest, and more importantly, you will be establishing yourself as a good credit risk. 2. Keep to that $100-$200 goal. Do not exceed 30 percent of the credit limit. Your credit score is penalized if you go over 30 percent of your credit limit, even if you pay off the bill completely at the end of the month. Of course, if there is something really important, like you get stranded at an airport and have to buy a new ticket somewhere, well, you can't help that. But other than emergencies, do not spend more than 30 percent of your credit limit. But your basic idea is a good one. If you can get a card and can show you use it responsibly, it will be a big help when you get out of school and need credit for a car or other purchase. Good luck!!
Which is the best secured credit card in India? And what should I do to get one? I am a student.
There is no best credit card as such; it’s all about its features and your usage. You can get a credit card as a student if your parents have one. This credit card can be opted as an add-on card which will have the same benefits like a normal credit card. The discounts and rewards will be the more or less similar as a primary card. So, you can read this quickly and get to know more https://www.hdfcbank.com/persona... about your student credit card and apply for the one.
What is the best credit card for a college student?
I am a student as well, so I can relate to your situation. I just started to build my credit history in July. After looking at various student cards online, I chose to go with Discover because it sounded like it had the best chances for approval. I applied for it and was accepted with a $500 credit line. There is no annual fee, and the 5% rotating categories are great for accumulating a cash rebate on your purchases. All other purchases earn 1%, which is better than nothing. I should note that my income at the time of application was very low -- between $4000 and $5000 annually -- and I was still approved. It was my first application for credit of any kind. I did have to verify my identity by submitting an official document that identified me (I chose a W-2, but there were many to choose from). The $500 credit line may seem low, but it started me off and led to approvals after having months of history for higher credit lines. However, if you do get a credit card, I would recommend you to not carry a balance. Carrying a balance will negate the benefits you earn from your card. Only buy what you can afford to pay off immediately and you will be okay. Treat the card like a debit card. You will want to be very careful when using your card, as college is the time when many people make bad decisions related to credit. Failure to pay your bill can lead you to trouble lasting for years. So, if you do apply, I wish you luck, and I strongly suggest you pay off your bill in entirety each month.
What is the best credit card for students/credit newbies?
Credit card is a perfect option if you could manage your money well and it could be your first step to shoulder financial responsibility! Some people may like to avoid taking any credit all together, but that would be inevitable if you want to take a loan in the future. So if you wish to have credit history, start as early as possible!Assuming you are in US, if you are a college student or will be one, I would recommend the following cards, and you can choose according to your preference:Bank of America Students Credit cards-BankAmericard Cash Rewards for Students, nick name 123-BankAmericard Travel Rewards for Students-BankAmericard for StudentsThey are perfect starting cards if you have checking or saving account in BoA!2. Discover It/Chrome Card for StudentsDiscover is limited in reality compared to visa/mastercard but is generally accepted everywhere online, and the first year match and GPA over 3.0 rewards are good bonus!3. Citibank ThankYou Preferred Card for College StudentsMay interfere sign-up bonus of cards in the same series.Other Options! Some methods may not be too favorable but still good starting!Secured Credit Cards! You pay a certain amount of money (earn no interest and return to you a year or years later) to get the card, generally for people with no credit or rebuilding. Those cards are relatively same, but you could choose one with no annual fee like Capital One Platinum(but warning! Three hard pulls! One for each bureau.)Assigned User of your parents’ cards! Make sure to let your parents to ask their bankers whether you will get credit history cause all banks have different policy.Hope my answer helps, good luck in the real world!
What is a good credit card for a college student?
I'm currently in college and with student loans I am comin to the realization that I need to build up credit (currently needing a co-signer). I am responsible with my money and have absolutely no worries of not being able to pay off my credit card bill. With that being said, I currently only have a steady income during the summer, so I know I may not be approved for some cards. I do, however, have savings. What is a good card for someone in my situation, preferably a card with good benefits and little to no annual fee? I have started to look into the UPromise MasterCard and the sky miles Amex. Suggestions? Thanks!!