Q: I just turned 18 in May and I do not credit. Can I still get a credit card
A: If you are new and do not have a credit history, you may want to consider a secured credit card . These types of cards are perfect for those looking to build a credit history. secured cards require the user to pay a security deposit in cash which then becomes the credit line for that account. The amount of the cash collateral is your credit limit, so if you deposit $ 200 you will get a credit line of up to $ 200.
When selecting a secured card, make sure to choose one that reports your payment history to all three credit bureaus, like Orchard Bank MasterCard. Without 3-bureau reports, you will not build a credit history. It is also important that you make your payments on time, or the statement will get hurt instead of help.
If you are not interested in a secured credit card and you are at school, a student card could be a good fit. Student credit cards are specially designed for students who may not have much credit history. Once you have one, you can build a solid credit history by making timely payments. In fact, there is even a student card that will reward you with a lower APR to pay on time, the Forward Citi ® cards for students.