how do i get a credit card if i have bad credit?

ok i never got the credit cards or the apps when i turned 18. i bought a car with my grandparents as my co signers and the car people signed me as a payee. it doesnt even show on my credit. i cant get a macys card, or any other card. this is so frustrating. i cant even rent a place! i need help help help!!!

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  • 1 decade ago
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    Having bad credit won't prevent you from getting a credit card, but it will make it more difficult. Follow these steps to get a credit card despite your bad credit.

    Instructions

    * STEP 1: Apply for credit cards at smaller retail stores. Sometimes these companies are more willing to give you a chance. If your application is accepted, make a small purchase and pay at least the minimum payment every month and on time. (If you pay more than the minimum payment, you won't pay as much in interest charges.)

    * STEP 2: Go to your bank, savings institution or credit union. If they already have your business, they may be more willing to give you a credit card.

    * STEP 3: Apply for a secured credit card if all else fails. You will be required to open and maintain a savings account as security for your line of credit. Your credit line will be a percentage of your deposit.

    * STEP 4: Ask a friend or family member to co-sign for a credit card. Remember that their credit counts as well, so choose someone with good credit. If you can't pay back the loan, they must, and it will appear as a blemish on their credit rating.

    Tips & Warnings

    * While you are trying to get a credit card, keep paying all your other bills on time.

    * Once you get a credit card, you'll start getting offers for other cards in the mail. Be wise: You should have no more than three credit cards - one or two with a small credit limit and one with a larger limit for emergencies.

    * Don't get a credit card from a single store or chain of stores. Use Visa, MasterCard, Discover or American Express, as these are widely accepted.

    * Do not get a credit card that has an annual fee. There are lots of credit cards available that don't charge annual fees.

    * If you are denied credit, by law the issuing company has to tell you why. Request a copy of your credit report to see what is in it.

    * Don't overspend. Use your credit cards to your advantage. Only buy something that you can pay for in cash. This will keep you from buying more than you can afford.

    * Many credit cards carry interest rates of 18 to 21 percent. If you cannot pay off your balance every month, you are spending more than you can afford and need to stop using your credit card until you can pay off the balance.

    * Credit card interest is not tax deductible.

  • 1 decade ago

    BUILD YOUR CREDIT!

    First of all, stop applying to too many places to get credit cards because it lowers your score if you do it too often.

    Second, you have to be paying on a car as a proprietor not as a payee. A payee is just someone who can make payments to an account not someone who is held responsible if a payment is not made hence the fact that it does not go on your credit report.

    Third, prepaid credit cards are a great way to build credit. You can open an account at a local bank or online at the websites below. You pay money up front and you use that money as "credit." This can often cost start up costs, annual fees, or even APR costs but are definitely worth the price. Having excellent credit can save you loads of money in the long run. Also find out how often they report to the credit companies in order to build your credit. Websites below have lenghty info on prepaid cards and building credit. This is the EASIEST way to get a credit card...and build credit.

    Fourth, you can open a savings or checking account at a credit union bank like Kinecta where they help you build credit much faster than traditional banks because they report more often and give you more breaks to increase your credit score. They are also very helpful when it comes to opening an account after having one open with them for a while.

    Lastly, dont open a card and pay it off as soon as you can. Unlike people think, you have to pay it over time. Lenders and credit card companies want to see stability of over time payments not spikes of sudden money and sudden spending. Credit building requires patience and time to grow, easy to lose and harder to gain.

    Hope this helps!

  • 1 decade ago

    You can talk to the place that financed the car and ask them to report your payments to the credit bureaus. If your name is on the loan, then they might do it for you. If your name isn't on the loan and you have been making the payments and can prove it with canceled checks or bank statements, then they might let you do a new loan in your name.

    Do a Google search for credit cards for bad credit or no credit. Apply for one of the cards that report to the credit bureaus every month. You can establish some credit fairly quickly doing this.

    Source(s): Mortgage Loan Processor
  • 1 decade ago

    The easiest way is to get one of those prepaid credit cards. You put the money up front and then draw off from it. It establishes a credit history. Another way is to get a debit card with the credit features in it. You would get that through a bank. It varies from state to state as to what they can/will offer you, but a bank will sometimes help you establish your credit, hoping you'll become a loyal customer to them

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  • 1 decade ago

    First, find out what your credit scores are. Equifax.com, experian.com, transunion.com.

    ONce you know that & have reviewed your creidt report to make sure everything looks right - head over to Creditboards.com.

    They have a whole database of creditcards & the coresponding credit scores that others have had and where approved for them.

    This will at least give you a clue as to what cards you stand a chance at getting.

    If you still cant find anything, firstpremierbankcard.com, fnbm.com, orchardbank.com all give credit cards out to just about anyone.

    Source(s): Good Luck
  • 1 decade ago

    You can't get a card? They usually like people withbad credit; that way they make more money. You can just call the credit card companies.

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