18 i had a credit card under my parents. i have a 750 with about 4 years of credit history. 0 late payments. 0 debt, no credt card debt, no car loans, no mortgage( still living with parents, in HS). i've only gotten approved for one card through capital one but it's a secured card and i don't really want to pay that(unless i have to). don't know what to do feel lost. i understand i have low utilization because only have one card but i mean is this really that big of a deal breaker for cc companies? i have income, work a part time job, roughly 25k yearly income with no real expenses but gas and eating out or whatever with my friends. is my only option getting that capital one card and sucking up the security payment? or is there any other options?
Can't get approved for anything
byu/Historical-Soup8841 inCreditCards
Posted by Historical-Soup8841
2 Comments
fyi i applied to chase, discover, capital one, amex, apple, and some local credit unions(no banks yet). i applied for all the cards or whatever when it says ” see what cards you’re pre approved for”
The deal breaker is you have no credit history. AU cards are not real history and are ignored by many lenders. Sometimes they make the difference between starting your first card with a secured vs unsecured card but sometimes not.
Unless you can find a bank willing to give you an unsecured card, your option is to take the secured card and wait for it to graduate. If you have a bank or credit union with a bank account and/or other pre-existing history they may be more likely to approve you for something unsecured.