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51165655 No.51165655 [Reply] [Original]

>20 year old college zoomer
Over the past 2 weeks I’ve applied to 3 starter/student credit cards (PNC(my bank), discover, Amex.) I’ve been declined from all of them. How the hell am I supposed to build credit if I can’t even get a starter card? Am I doing something wrong? I have had a job for years and I invest 80% of my income. I don’t have monthly payments as I commute to class.

>> No.51165677

>>51165655
Interest is haram, reconsider your intentions

>> No.51165678

>>51165655
>don’t have monthly payments
Thats the problem they cant get a sense of your initial credit score, its most likely 0. Get a secured credit card where you have to fork up collateral.

>> No.51165706

>>51165677
I will need good credit at some point in my life. I don’t expect to obtain any interest.
>>51165678
Seems like cash secured is the way to go.

>> No.51165742

>>51165655
cc companies can smell your wreaking desperation. Maybe just apply for 1. Discover is gonna be the easiest to get. Since you have taken 3 hard pulls against your credit, you're not going to be able to have a shot until next year. Maybe it would better to go with a retail credit card as those have no barrier to entry. Be mindful of any service contracts you enter such as utility, phone and internet bills as service disruptions can have a negative impact on your score. Once you get your first credit card, keep your spending under 30% and pay each month in full and on time.

>> No.51165763

>>51165742
Thanks anon, do you think I can get a cash secured card with my local bank even with 3 hard pulls?

>> No.51165798

>>51165655
You can build credit by paying back your student loans

>> No.51165837
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51165837

>>51165798
I don’t have any loans, I’m only a sophomore and I pay for college by working at BestBuy.

>> No.51166669

>>51165655
Does the bank you use for your checking account provide a credit card? If they have a history of work payments going in they might give a credit card based on that. This is how I got my first one with no credit history but a few years of salary going into the bank.

>> No.51168347

>>51165655
Just go to your local credit union and apply for a card there. Then a few months after that get a target redcard or something. That's what I did.