Credit Card Advice - Page 2

skybaker · 05-25-2005, 12:16 PM

how did capitol one even get your information to send you one of their mail offers. I just turned eighteen and am a sitting duck cuz i can't get approved for a credit card without any credit history.

Icarus · 05-25-2005, 02:22 PM

have you tried student cards, skybaker?

ottothecow · 05-25-2005, 03:08 PM

Last time I went to my bank (USBank) to mess with my accounts (open a checking and mess with the savings), they really wanted to give me a credit card to go with my student checking account. I don't really want one right now (check card is plenty for me) but I might take them up on the offer later or else see what student cards are offered. The nice think about the one from USBank is that it provides a line of credit to prevent overdrafts (not something I have a problem with though).

millie05 · 05-25-2005, 03:59 PM

why would a place reject a debit card? it takes the money from your account automatically or it rejects the cardif there aren't enough funds to cover the charge. No risk so why not take it?

okrogius · 05-25-2005, 06:11 PM

Quote:

why would a place reject a debit card? it takes the money from your account automatically or it rejects the cardif there aren't enough funds to cover the charge. No risk so why not take it?

Many banks do like to let you take more money than is availible for the purposes of making some revenue on overdraft charges. As far as why they would reject you.... no idea.

jym626 · 05-25-2005, 06:17 PM

how to get son credit
This has been discussed a number of times on the parents forum. Check my post at the end which will link you to the other threads on this topic. Lots of handy dandy suggestions and links to helpful websites (like bankrate.com, etc)

Mead13 · 05-25-2005, 06:24 PM

Yeah, I got my first card about 6 months ago and ever since I started using it I've gotten dozens of solicitors from other companies. My bank also offered me a debit card but I never use it b/c it doesn't est credit.

BigRed25 · 05-25-2005, 08:46 PM

if the debit card is free might as well take it. it just gives you the option of taking money directly out of your bank account. i know my parents both have debit cards even though they have many many credit cards.

i think debit cards are good for college students b/c you can't spend more than you have. i have a credit card to my parents account (for emergencies only :-)) but they put a limit on how much i can spend b/c as a college student i'd probably spend a ton of their money.