How can you get a credit card without a co-signer if you're 18 and starting college and your credit score is 525?

Answer

There are a few credit cards you will qualify for, but they will be low balance and high interest cards. You have to start somewhere and credit card companies realize that. Prove yourself responsible to them and they will up your credit line and you can negotiate lower rates after 6 months with the card.

Answer

Sounds like age and experience are the issues...

1. please think carefully before getting a credit card at the age you are at! Not because you are smart or dumb but because: a. 73% of people under 25 years old and younger make errors with credit that effects them long term for the following reasons Job security, college with little income, and just not ready for any debt.

2. If you are still looking for a credit card without a co-signer go to sovereignbank.com or any other bank and open a credit card that is SECURED. you will put $500 into a CD and the bank will issue you a Secured credit card for $500. use this for a year without any late payments and you will be able to get one with a low limit without and security.

Good Luck!!!!!!

FYI....never get into credit more than 12% of your yearly worth no matter what any credit issuer or friend says. if you make $1000 a month get a credit limit of $1000 that way you have credit and it can not ever put you in a position of lossing your credit rating.

Answer

Your best bet would be a secured card, and one that does not report to the credit bureaus as 'secured'. A secured card means you put money into an account with the creditor and that amount generally becomes your 'credit limit'. There are some, like Bank of America, where you can get a secured card with a $99 deposit and they give you up to $500 as a credit limit. With many secured cards, they may be converted to unsecured after a period of perfect payments. You can try searching www.cardweb.com for a card to suit your needs.

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