Help choosing card
Feb 14, 2007 | 2:34 pm
#1
Original Poster
Join Date: Jan 2007
Posts: 132
Help choosing card
this is the situation....
My brother who has no credit history would like to get his first credit card. He said when he applied, they asked for a cosigner. So he asked me to cosign.
I really dont want to do this because I dont want to put my 800 FICO score at risk. I also dont want to look like the selfish family member. So I would like to give him a list of credit cards that someone can get with little or no credit history instead of just telling him no. Every one needs to get a first card to establish credit at some time. My first was citibank driver's edge in 1999.
Any recomendations? what are some good starter cards?
My brother who has no credit history would like to get his first credit card. He said when he applied, they asked for a cosigner. So he asked me to cosign.
I really dont want to do this because I dont want to put my 800 FICO score at risk. I also dont want to look like the selfish family member. So I would like to give him a list of credit cards that someone can get with little or no credit history instead of just telling him no. Every one needs to get a first card to establish credit at some time. My first was citibank driver's edge in 1999.
Any recomendations? what are some good starter cards?
Feb 14, 2007 | 3:11 pm
#2
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA, IHG & Marriott Platinum; DL & HH Gold
Posts: 51,863
I suggest you read this message...
http://flyertalk.com/forum/showpost....4&postcount=20
..and the subsequent replies. There are some unrelated issues in the thread, but this message is directly on point.
http://flyertalk.com/forum/showpost....4&postcount=20
..and the subsequent replies. There are some unrelated issues in the thread, but this message is directly on point.
Feb 14, 2007 | 5:28 pm
#4
Join Date: Dec 2006
Location: BTR, MSY
Programs: DL, BA, AA, UA, HHonors, PC
Posts: 200
Go to www.citicards.com and pick cards for a college student:
http://www.citicards.com/cards/wv/sh...ituent=COLLEGE
The one link only had 1 card but there are actually a variety to choose from.
http://www.citicards.com/cards/wv/sh...ituent=COLLEGE
The one link only had 1 card but there are actually a variety to choose from.
Feb 14, 2007 | 7:27 pm
#6
Join Date: Aug 2004
Location: SDF
Posts: 3,302
Feb 15, 2007 | 7:18 am
#7
Original Poster
Join Date: Jan 2007
Posts: 132
thanks every one.
mtparadis: I agree with you.I dont think he is ready for a card with an annual fee
mia; boilers: I am going to reccomend to him the student card from citi and capitol one.
Question. so basically a student credit card with a little lower credit limit and more forgiving of the credit score. correct?
mtparadis: I agree with you.I dont think he is ready for a card with an annual fee
mia; boilers: I am going to reccomend to him the student card from citi and capitol one.
Question. so basically a student credit card with a little lower credit limit and more forgiving of the credit score. correct?
Feb 15, 2007 | 9:16 am
#8
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA, IHG & Marriott Platinum; DL & HH Gold
Posts: 51,863
In my understanding a "student" card is designed for someone with little or no credit history. However, if your brother has a poor history these cards may still reject the application, but I do not think there is any harm to trying.