I want to build credit, what do I do if I have no credit?
You can start building your credit using a secured credit card. Since you have no credit it can be difficult to get approved for an unsecured credit card because credit card issuers tend to turn down credit card applications simply because an applicant doesn’t have enough credit history. However, when you apply for a secured credit card, you pay a security deposit which is basically a cash collateral. The deposit cannot be used and it will stay untouched until the credit account is closed. Secured cards work like unsecured credit cards and they are reported to the major credit bureaus as well, which is the most important part of building a credit history. To build good credit, use your card, make all monthly payments on time and stay within credit limits.
Other Questions And Answers
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Currently, the Alaska Airlines credit card has the following offer: “Annual companion fare from $121 ($99, plus taxes and fees from $22) after you make $1,000 or more in purchases within the first 90 days of your account opening”. This benefit will qualify for a round-trip coach Companion Fare on Alaska...
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You may like one of the regular travel rewards credit cards offered by major banks. Travel rewards credit cards allow earning miles on all purchases. The cards also have one-time sign up bonuses which may be enough for a domestic flight. There are credit offers without annual fees, the other offers come with rather low...
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The US Airways Premier World MasterCard is no longer offered. US Airways removed their credit card after merging with American Airlines. Today you can apply for one of the AAdvantage credit cards offered by Citi or for a regular travel rewards credit card. Both types of credit cards will allow you to earn miles and redeem...
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JetBlue still has the one free checked bag perk but not everyone can get it. First of all, the members of TrueBlue program will be able to get their first checked bag free if they've reached Blue Plus level or Blue Flex level, provided the checked bag is under 50 pounds (22.68 kg). Then, cardholders of the JetBlue Plus...
William Colon, money expert. Free credit card advice online.
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