why can't I get a credit card?

[vgeek 10+ year member]

Get your FICO score and see what it says is the weak link.

Try a local credit union, they will be less likely to screw you as well.

If not that, then just get a secured one and work from there.

 

[Annnarbor84 5,000+ posts]

Get your FICO score and see what it says is the weak link.
Try a local credit union, they will be less likely to screw you as well.

If not that, then just get a secured one and work from there.

This

 

[maddskillzz 10+ year member]

your 22 years old...you cant have much credit....also if your debt to income ratio is too high they wont give you one either...thinking its around 30 percent or more that would put you in the reject list unless you had like a really high credit score..

 

[ace_800 5,000+ posts]

Try for a JCpennys or Sears card as well, they are normally easier to get than normal CC's.

 

[blazeplacid 10+ year member]

whats the reason for a credit card?

save your money up and just go buy it

I had 5 cards and recently HSBC sent me a letter in the mail saying my account is canceled because of no balance for the past year. Didnt really phase me but it was kinda humorous

If you have a car and a home your building credit.

 

[bubbagumper6 5,000+ posts]

whats the reason for a credit card?
save your money up and just go buy it

I had 5 cards and recently HSBC sent me a letter in the mail saying my account is canceled because of no balance for the past year. Didnt really phase me but it was kinda humorous

If you have a car and a home your building credit.

Part of your credit score is your ratio of available credit to running balance. So when they canceled your card, your score dropped //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

 

[Flipx99 5,000+ posts]

Only poor people worry about credit scores. If you buy in cash, credit score doesn't matter.

 

[bubbagumper6 5,000+ posts]

Only poor people worry about credit scores. If you buy in cash, credit score doesn't matter.

Can you buy houses with cash?

 

[Flipx99 5,000+ posts]

Can you buy houses with cash?

In some places, yes.

Not house(s), but yes. I could buy a small, beat to shit trailer with cash.

 

[bubbagumper6 5,000+ posts]

In some places, yes.
Not house(s), but yes. I could buy a small, beat to shit trailer with cash.

Yeah but that was my point, there's some things in life that you just can't buy with cash.

 

[rippinitup7 10+ year member]

what is the reason they come back denied?

 

[Flipx99 5,000+ posts]

Yeah but that was my point, there's some things in life that you just can't buy with cash.

Not really. If I made more money or saved better, I could buy a regular house with cash. It can be done. I have no doubt I will do it at least once before I die.

 

[duece212 5,000+ posts]

You need a credit card to have a good credit score, just part of how FICO works. There is no reason not to have one if you can get a no annual fee card and pay it off every month before the grace period is up.

Also credit scores impact your insurance rates, so credit scores aren't totally useless.

 

[illbmeubu 10+ year member]

like everyone's been saying, you need to look at your credit score.

you make 50K so your income flow isn't the problem

you either have mad student loans that hurts your debt-to-income ratio or you just don't have enough positive credit history to get approved.

look into a credit union for a card to start building up credit, although credit cards are the worst. just pay for everything in cash and when you get a house come with a decent down payment and you should be straight.

 

[bubbagumper6 5,000+ posts]

Not really. If I made more money or saved better, I could buy a regular house with cash. It can be done. I have no doubt I will do it at least once before I die.

This is kind of a ridiculous argument...

Yes you may be able to save up enough money before you die to buy a nice house with cash, however most people would rather use credit so they can have they're house while they're still young and just make payments on it...