Best Credit Card Offers specially for you

About Us  |  Contact Us  |  Articles  |  News  |  Tips  |   Tools
ADVERTISER DISCLOSURE
RequestCredit.com is an independent, advertising-supported web site which is compensated by the credit card issuers whose offers appear on the site. This compensation may impacts how and where the credit products appear on our site, including, the order in which they may appear within credit product lists. RequestCredit.com does not review or offer all available credit products.

Here’s the Best Way to Establish a Credit History if You Don’t Have One

[Friday, October 28th, 2016]

You need a credit history to do so many things in this world: buy a house, get a small business loan, be approved to rent an apartment or lease a car, maybe even get a job. The problem is, you also need a credit history to be approved for a credit card – and the way to establish a credit history is by using a credit card.

It can seem like a chicken-or-egg situation: which comes first? The credit card, or the credit history? But in fact, you can establish a credit history without having a credit card. Here’s how:

The first and best option is to apply for a secured credit card, which will report to credit bureaus and allow you to establish a credit history. The catch is that you will need to put down a lump sum of money in order to get the card; usually $200 will do it. The amount you put down will become your credit limit. The reason for this is that the bank needs some insurance in case you default on your loan. Because essentially, a line of credit is a loan. And if you have no credit history, card-issuing banks have no way to know whether or not you will be trustworthy to pay off your debt.

Another option is to get someone to add you as an additional user on their credit card account. If you have a parent or a spouse with a good credit score, ask them if they can add you to their account. This is called piggybacking, and it works just like it sounds: it lets you piggyback on someone else’s good credit score and share the love.

Getting a secured credit card or piggybacking on someone else’s credit history are two of the quickest and easiest ways to establish a credit history. But remember, you can also try applying for a student credit card with a low credit limit. These are designed for people without credit histories, so chances are you will be approved.

If you have bad credit, as opposed to no credit, then a secured card is probably your best bet. There are many good ones available; apply today!

Read also

The Simple Trick That Will Improve Your Credit Score
[April 13th, 2017]

If you’ve ever been turned down for a credit card or offered a sky-high rate on a mortgage, your credit score might need some help.

Continue reading ››

What You Didn’t Learn About Money in School
[February 18th, 2017]

You might be surprised to learn that most people don’t learn anything about money in school. With all the history, math, and science students are required to study, one thing that gets left out is basic financial literacy.

Continue reading ››

The 5 Things You Need To Do For a Great Credit Score
[December 19th, 2016]

Do you know what your credit score is?
Having good credit is essential for more reasons than you may think. If you want to get the lowest APR on credit cards, not to mention be approved for the very best credit cards, including elite cards, you’ll need to have the very best credit score possible. But you also need good credit in order to be approved for a mortgage or an apartment lease, and maybe even to get a job.

Continue reading ››
Copyright © 2003-2017 RequestCredit.com. All Rights Reserved
RequestCredit.com strives to keep credit card information up to date and accurate. However, all the credit card information is presented without warranty and can be changed by the credit card issuers at any time. Click the "Apply online" button to see the online credit card application and to review current credit card terms and conditions. Note that RequestCredit.com can be compensated by credit card issuers when the visitors apply for a credit card through the website.
* The RequestCredit.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. RequestCredit.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the RequestCredit.com website are property of their respective owners.
RequestCredit.com is an independent, advertising-supported web site. RequestCredit.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. RequestCredit.com has not reviewed all available credit card offers in the marketplace.
Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.
Information in these articles is brought to you by RequestCredit.com Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.