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Trying to establish first time credit can be a challenging task. However, If you are at least 18 years old and have a regular source of income, you're on your way
to qualifying for a credit card and establishing credit.
If you have no checking or savings account, make sure to open one before applying for a credit card. They do not help your credit report, but they will show the creditor that you are aware on how to
mange money. If you are a full-time student, make sure to include that information on your credit application. Creditors like to grant full-time students with credit cards even though they may
have no past credit history.
Apply for a department store credit card or a major credit card (MasterCard, Visa, American Express, Discover) and use it responsibly by keeping your balance low and paying your credit card bills on
time.
If you still get turned down for credit, ask someone with a good credit history to co-sign on your credit card application.
As a last resort, secured credit cards are a great way to establish first time credit. Most secured credit card companies require a deposit equal to the credit line your are seeking. Make sure they
report your payment monthly to the major credit bureaus. Making your payments on time monthly will increase your credit rating. You will also get you deposit returned to you after one year, turning
your secured credit card into a unsecured credit card.