Best award card for someone with new credit
Jun 1, 2013, 8:50 pm
#1
Original Poster
Join Date: Nov 2012
Posts: 657
Best award card for someone with new credit
My friend applied and was denied for the chase sapphire because he does not have enough of a credit history. His score is excellent but he has no debt, no credit card history, he uses a debit card for everything.
Any good bonuses or airline earning power on a starter credit card?
I told him to try for the barclays arrival or bank of america virgin card cause he has a long standing bank of america checking account.
Thanks
Any good bonuses or airline earning power on a starter credit card?
I told him to try for the barclays arrival or bank of america virgin card cause he has a long standing bank of america checking account.
Thanks
Jun 1, 2013, 9:53 pm
#2
Join Date: Jan 2010
Posts: 1,708
Has he obtained copies of his credit report from Equifax, Experian, and Transunion? Some people think they have good credit but they don't because as you mention he has not had credit cards in the past. Others have something negative on their reports that they are not aware of. So the first thing he needs to do is get copies of the reports so he knows exactly what he is starting with. Then maybe get a basic no benefits card or a secured card as the first card to establish a history. After six months of reported revolving credit history he should be able to get cards he wants.
It can also help if someone can make him an AU on one or two of their cards.
It can also help if someone can make him an AU on one or two of their cards.
Jun 2, 2013, 6:35 am
#4
Join Date: Feb 2002
Location: NYC: UA 1K, DL Platinum, AAirpass, Avis PC
Posts: 4,599
It might be worth a shot to try one of the Amex charge cards (Gold, Plat). They seem to get approved with lower credit scores, maybe because you can't revolve a balance month to month with them - you have to pay off in full each month. At least if this score data is indicative:
http://milecards.com/6158/credit-sco...ds-fresh-data/
http://milecards.com/6158/credit-sco...ds-fresh-data/
Jun 2, 2013, 2:02 pm
#5
Join Date: Jul 2011
Posts: 58
My daughter is a full-time college student with about $11,000 income from a part-time job, and a single co-signed credit card from our credit union. I'd like her to get a card with some bonus miles, but I was wondering if "it can't hurt to try" applies here -- does it reflect negatively in your credit rating if you get rejected on a credit card application? Since she's young and trying to build credit, I wouldn't want to ding her score unnecessarily.
Thanks,
Os
Thanks,
Os
Jun 2, 2013, 2:09 pm
#6
Join Date: Dec 2003
Location: Brooklyn, NY, United States
Programs: AA, BA, UA, Spirit, Delta, PC Plat, SPG Gold, HHonors Diamond, Club Carlson Gold, Marriott Gold
Posts: 1,735
My daughter is a full-time college student with about $11,000 income from a part-time job, and a single co-signed credit card from our credit union. I'd like her to get a card with some bonus miles, but I was wondering if "it can't hurt to try" applies here -- does it reflect negatively in your credit rating if you get rejected on a credit card application? Since she's young and trying to build credit, I wouldn't want to ding her score unnecessarily.
Thanks,
Os
Thanks,
Os
Jun 2, 2013, 3:47 pm
#7
Join Date: Jan 2010
Posts: 1,708
My daughter is a full-time college student with about $11,000 income from a part-time job, and a single co-signed credit card from our credit union. I'd like her to get a card with some bonus miles, but I was wondering if "it can't hurt to try" applies here -- does it reflect negatively in your credit rating if you get rejected on a credit card application? Since she's young and trying to build credit, I wouldn't want to ding her score unnecessarily.
Thanks,
Os
Thanks,
Os
https://www.discover.com/credit-card...L_CC_STUD_HOME
Jun 3, 2013, 1:34 am
#9
Join Date: Apr 2012
Location: BOS
Programs: UA 1K, AA GLD
Posts: 237
Unless your friend is making a significant amount of money, i would recommend the safe way and get a starter credit card (doesn't have to be secured) and build a bit of history before jumping into the points game.
If not, I would actually recommend some kind of barclays product; assuming your friend has income and really has 0 credit history, they're pretty good with recon calls (refer to creditboards/myfico forums for more info...lots of people with no/poor credit have great success).
Just avoid capital one...even though you will almost always get a card from them, they pull all 3 credit bureaus, limits are crap, and products aren't that great if you have a crappy credit score/no history.
If not, I would actually recommend some kind of barclays product; assuming your friend has income and really has 0 credit history, they're pretty good with recon calls (refer to creditboards/myfico forums for more info...lots of people with no/poor credit have great success).
Just avoid capital one...even though you will almost always get a card from them, they pull all 3 credit bureaus, limits are crap, and products aren't that great if you have a crappy credit score/no history.
Jun 4, 2013, 3:54 am
#10
Join Date: Jun 2011
Location: USA
Programs: UA Global Services, TSA Pre✓, Marriott Gold, Hilton Gold, IHG Platinum
Posts: 1,115
Best award card for someone with new credit
What do people think of the Citi Forward card for college students? ThankYou points are pretty worthless, but is it a good starter card?