Screw credit agencies...

Arghf wrote:

This is a troll trying to bait someone like Flagpole who advises all cash spending.

What bank wouldn't give someone with 30k a $500 CC?

You are either a troll or something is rotten in Denmark.

You don't know much about how these things work. I could have 2 billion dollars and the Hope diamond in my sock drawer, if I don't have the credit rating I won't get the card. The people who sit behind those desks are like monkeys, seriously.

Interesting, I just got a Capital One "pre-approved" in the mail. You think I should go for it? Or continue my worthless fight against the "credit man"?Love, Feeling Lonely in New York Without Credit

kartelite wrote:

Look here, I'm 27 and was in your exact same situation until two months ago. Never been in debt, so never needed credit, but realized I'd have to start building some.

I'd applied for a few credit cards throughout the years, but always been turned down (no credit history). This included my bank of over 9 years, even when I'd been maintaining a balance of over $15,000.

Here's your answer:

Capital One.

Seriously, you'll start with a $500 limit, but it's basically automatically approved (assuming you put in at least minimal income) and you can start building credit. I also got to put a sweet photo I took in Cambodia as my credit card design. My little brother started with them three years ago then started branching out, now he gets approved for all the cards with the best rewards.

Dave Ramsey would bitch-slap you for even wanting a credit card.

Capital One is legit. No fees, convenient online banking, even a rewards program.

Your limit will go up really slowly with them though, I'd say get it, start building credit, and 6-9 mo. down the road try to find another card to add (for higher limits and to build credit quicker, plus better rewards).

DickGregory wrote:

Dave Ramsey would bitch-slap you for even wanting a credit card.

Yes he would. That's one area I don't agree with him on. Credit cards are too convenient not to use (debit cards don't do everything yet that credit cards do), and as long as you pay them off in full each month, it's no problem. In fact, at the end of the year I get a statement that tells me how much money I spent in each category (entertainment, food, etc.). It's a nice service. And, as much as I don't care about building credit, a credit card, even if you pay off the balance each month, helps that. It's call "revolving credit" and it is one of the things the credit agencies use when giving you a credit number. It's a stupid system, but if I ever do need to borrow any money (I don't plan to ever), it's easier on me if they just look at my credit score and approve me rather than me having to explain to them why I have a low credit score.