(Closed) Cannot get credit?

posted 4 years ago in Money
Post # 2
Member
1124 posts
Bumble bee

I would try to go into another bank and see- sometimes they’ll give a low limit (my first was $500 and it’s been raised to $4000 over 2 years). Try Chase or Bank of America, if you haven’t already. Also, you can try calling for reconsideration (there should be a number to call right in the letter, I think?) Is it possible to purchase a car for cash after saving up rather than requiring credit for a good interest rate? 

Post # 3
Member
3545 posts
Sugar bee
  • Wedding: June 2016

I know it may be different since you were not born here, but I applied for the Discover It Card with no credit and got it. This was during college. I didn’t have a huge limit, but I got it with no cosigner and was approved pretty much immediately.

Do you have a phone in your name? That bill earns you credit. And anything that you pay off monthly.

Post # 6
Member
2639 posts
Sugar bee
  • Wedding: April 2014 - Italian Villa

View original reply
clarissabee:  I second the suggestion to try applying with a different bank. When I was in college, I tried to get a credit card with my bank (because I figured they know how much money I have), and I got rejected because their lowest limit was still too high. 

I don’t know what part of the country you are in, but if you have Wells Fargo around you (or even if you don’t you can apply online) I would recommend trying with them. They have a credit card specifically designed for college students! That’s the card I ended up being able to get.

Post # 7
Member
5085 posts
Bee Keeper
  • Wedding: December 2014

View original reply
clarissabee:  Maybe try finding a bank that offers student credit cards. You could also try to get a store card somewhere that you shop regularly, sometimes they can have lower standards, just make sure you pay it off every month as they usually have high interest rates. 

Post # 8
Member
9523 posts
Buzzing Beekeeper

Try discover, they were my first credit card at 18 when i didn’t have an established credit history. They cater to the young without much of a credit history. Just pay it off every month so you are not hit with interest and it builds your credit rating

Post # 8
Member
893 posts
Busy bee

I was an international student in the US in college. I got a student card with a $500 limit but over three years my credit grew and it’s basically perfect, last I checked at least (I’ve since moved to Canada so I haven’t kept up with my US stuff). I would recommend looking into a card like that with another bank. Sometimes you can even sign up for store credit cards, like a Target card, without credit and that will help you build credit to apply for another cards.

Someone mentioned a phone plan, but the one you have doesn’t count for earning credit. And to get a monthly plan, you need credit, so it’s really a terribly unfortunate cycle. 

 

ETA: I was with US Bank. 

  • This reply was modified 4 years, 1 month ago by Profile Photo Honey2Bee.
Post # 12
Member
5085 posts
Bee Keeper
  • Wedding: December 2014

View original reply
clarissabee:  You wouldn’t necessarily need to shop there often, just maybe once every few months to keep the card active. Surely you could find a reason to go to target or walmart once every few months. 

My first credit card was Discover, as PPs mentioned, so maybe try that as well. 

Post # 13
Member
131 posts
Blushing bee
  • Wedding: September 2016

You can also use a friend you trust with good credit and be added to their card. I did this for my Fiance, I added his name to my card as an authorized user and it has greatly improved his credit. his credit also does not affect mine at all when doing this, AND the main user does not actually have to give a card to the person, so you can still help them without taking the risk of them spending your money! If that doesn’t work, def apply for a secured credit card OR search online for cards for first time credit card owners. 

Post # 14
Member
13901 posts
Honey Beekeeper
  • Wedding: November 1999

I got a areally basic Capital One card at 18.  It had a $500 balance and no fancy perks, but I had no credit history at that time.  I did have a job, so there was some income.

Is your internship paid?  If it’s unpaid, I’m guessing that’s what the hold up is, because every credit application is going to want to see income. 

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