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If you are here reading this forum/thread, you probably have heard, seen or know someone who has been leveraging credit card points for free or very low cost travel and want to get involved. While it may be very tempting to jump right in and apply for a bunch of credit cards, it is advisable to read through the forums before doing so.

For those who have no credit history, building your credit score is strongly recommended and may even be needed before applying for any credit cards.

Step 1 - Try and get added as an Authorized User (AU) on an established credit card. This card should be kept in good standing and preferably have a low credit utilization ratio.
Some have had success with Amex to get your card backdated to the primary cardholders "member since" date. Having this done will increase your credit history to that of  the account holders first Amex card.
UPDATE Amex no longer backdates any cards. Any authorized user card will show up on the AUs report as a new account, opened on the date that the AU was added. Amex is now one of the worse choices to get added as an AU to, for credit building purposes.
Chase, Citi, Bank of America and others are more likely to show the full history of the primary cardholder on the authorized user's report than Amex is.

Additional Option - In conjunction with being added as an AU, you can  sign up for a secure credit card.
A secured credit card works almost like a debit card (you need to lay out your credit limit), but this functions as a regular credit card and will help build your credit score.

Step 2 - Once you are setup as an AU, it is best to wait a few months before applying for your first card.

Your first card should be a store credit card, which are easier to get approved for, especially with very limited credit history.
Some of the store cards people apply for are Old Navy, Gap, Banana Republic, Kohl's, Macy's, Target etc. While these cards will not give you major signup bonuses to travel with, they do give you access to exclusive promotions and other perks when purchasing from the store.

Additional Options - The CapitalOne Journey card seems to be easier to get approved for, though understand they will pull your credit from all three agencies, while most banks only pull from one.

Discover has a student card you can apply for here. This can also be an easier option to getting approved for your first card. Their regular IT card (not student) seems to be pretty easy to get approved for with little to no credit history as well.

Step 3 - Pay your bill before your statement closes (cut off date), but leave a minimal amount remaining to be paid after your statement closes. This will help ensure that you have both a low CC utilization while establishing a good credit payment history. (This applies to new spending from this month.  Anything already 'due' should be paid in full.)

Step 4 - After using your first card for a few months, you will be ready to apply for the cards you will have read and heard so much about. Remember that getting accepted for a credit card is a combination of many factors like credit history and your credit score, but it is also dependent on the income that you claim* you make.  Income is not part of your credit report or score.

Step 5 - This is a brief synopsis of what to do when applying for credit cards. There are additional factors one should understand before applying for credit cards. DDF is a great resource and there are many people willing to answer your questions (which you should ask, albeit after attempting a search) 

*If you are under 21, you are legally only allowed to report personal income. Personal income, however, can include allowances and scholarships.
If you are over 21, you can claim any income which you have reasonable access to in order to pay back the bill, which includes the income of others in the household (spouse/parent), or anyone supporting you. Additionally, while most banks will not have you verify your income, it does happen and you should be prepared to show them. This is particularly prevalent with American Express, and is known as a Financial Review (FR).
« Last edited by S209 on September 09, 2018, 01:45:26 AM »

Author Topic: Credit Card For Beginners  (Read 540007 times)

Offline Cls2020

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Re: Credit Card For Beginners
« Reply #4515 on: October 08, 2019, 12:10:35 PM »
how can one apply for 2+ credit cards simultaneously but only have 1 credit pull?

is the only way - when applying thru 1 bank and stick to either all personal or all business?
I have applied for chase business and personal cards on the same day and there was only one pull.

Offline grodnoking

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Re: Credit Card For Beginners
« Reply #4516 on: October 08, 2019, 12:36:25 PM »
I have applied for chase business and personal cards on the same day and there was only one pull.
Because business cards dont give pulls.
I'm not who you think I am.

Offline nirc

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Re: Credit Card For Beginners
« Reply #4517 on: October 08, 2019, 01:43:19 PM »
Because business cards dont give pulls.

Are you 100% sure?

i had 6+ pulls in past 12months, and only applied for 2 personal cards (capital one venture 100k offer, citi premier 60k offer) with all others business. Then when i applied for Barclays card, was rejected for too many credit inquiries.
« Last Edit: October 08, 2019, 03:13:58 PM by nirc »

Offline CountValentine

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Re: Credit Card For Beginners
« Reply #4518 on: October 08, 2019, 02:42:24 PM »
Are you 100% sure?

I am 100% sure he is wrong. Does that count?  :)
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline Boruch Parnes

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Re: Credit Card For Beginners
« Reply #4519 on: October 09, 2019, 01:59:36 PM »
Because business cards dont give pulls.
Fake news

Offline CountValentine

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Re: Credit Card For Beginners
« Reply #4520 on: October 09, 2019, 08:44:05 PM »
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline Cls2020

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Re: Credit Card For Beginners
« Reply #4521 on: October 09, 2019, 09:45:19 PM »
Because business cards dont give pulls.
Yeah, this is wrong.

Offline grodnoking

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Re: Credit Card For Beginners
« Reply #4522 on: October 09, 2019, 09:47:43 PM »
Ok ok! Gosh!
I thought he only saw one pull on his (personal) credit report. Which a business card wouldn't show on. I should have read everything before posting.
I'm not who you think I am.

Offline mmgfarb

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Re: Credit Card For Beginners
« Reply #4523 on: October 10, 2019, 10:16:31 AM »
Ok ok! Gosh!
I thought he only saw one pull on his (personal) credit report. Which a business card wouldn't show on. I should have read everything before posting.
The credit pull would still show on your personal report...
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Offline Muhammad

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Re: Credit Card For Beginners
« Reply #4524 on: October 15, 2019, 03:25:46 PM »
Probably misspoke. @grodnoking
he ment that chase combined the pulls...

Offline Divora M

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Re: Credit Card For Beginners
« Reply #4525 on: October 16, 2019, 01:36:36 AM »
I am trying to open a business credit card with Chase under my name and SS #. I received a letter stating they need proof of business name so they said I could send a utility bill with the business name and address on it. What is the easiest way to get my name changed to the business name for any bill or is there a better option altogether?

Offline sarahb

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Re: Credit Card For Beginners
« Reply #4526 on: October 16, 2019, 10:19:32 AM »
Looking for a credit card without annual fee that gives most cash back for restaurants and groceries

Offline Joel2

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Re: Credit Card For Beginners
« Reply #4527 on: October 16, 2019, 12:14:12 PM »
Looking for a credit card without annual fee that gives most cash back for restaurants and groceries
Savor one from capital one

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Re: Credit Card For Beginners
« Reply #4528 on: October 16, 2019, 01:49:32 PM »
Savor one from capital one

wow no forex with no annual fee, I thought such a thing didn't exist?
If it's not free shipping it's not worth it.

Offline confu

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Re: Credit Card For Beginners
« Reply #4529 on: October 16, 2019, 03:05:46 PM »
wow no forex with no annual fee, I thought such a thing didn't exist?
All Capitol one cards have no forex fee. Discover is the same thing