I am looking for a credit card so I can “borrow money and build credit history”?

Tali Manus: I am looking for a credit card so I can “borrow money and build credit history”?

Answers and Views:

Answer by honey1
you can go to your bank and inquire about a secured credit card.

Answer by Brad
Hi Tali,

Three smart options to shop for your first credit card: getting a secured credit card, getting your parents to list you as an authorized user on their credit card or qualifying and applying for a student card.

With a secured card you put down a deposit that qualifies you for a credit card with a limit equal to that deposit amount. Some cards allow a credit line higher than the deposit, but I don’t recommend looking for one. The goal isn’t to run up a big balance, it’s to demonstrate a payment history. NOTE: make sure the secured card provider will report your payment history to the credit bureaus.

Bankrate.com is a great free, unbiased site that offers a credit card search tool.

Hope this helps! Come and visit our website to learn more about building your credit history and managing your money.

—
Brad

Answer by Ian
Get a credit card from local bank and pay it in time. You also can use this service to avoid common mistakes while buiding credit and pre-estimate future scores for different scenarios of payments – credit-report-free.totalh.com

Answer by Sand
I would recommend a secured credit card to build up your credit history.
When you signup for a secured credit card you place a deposit with the credit card company and they give you a card with a spending limit based on the amount of your deposit. You’re reducing the risk of lending to you by providing collateral for the money you borrow. The credit card company will report the card details to the credit reporting agencies so make sure you pay your bills in full and on time to build up your credit profile
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