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Author: Windowseat Big funky green star, 20000 posts Top Favorite Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 310319  
Subject: Re: No Credit History / My First Card Date: 8/26/2004 7:35 PM
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Any advice on what to look for in a first card and/or a solid way to build credit?

Do you belong to a credit union? Credit unions are often very nice about handing out credit cards to their members.

Back when I first tried to get a credit card I took out a line of credit from my credit union (which was a very large one that was somewhat picky about handing out credit cards) and paid it back over a period of three months. I was very honest with the loan officer: I told her I was trying to build credit, and since I had more in my account than I was asking for, the loan was granted. Then I applied for Sears and Macy's, and then I got the Visa.

Or you could ask about a secured card. In this case you essentially hand over the money ahead of time, so you would ask for a small amount: $500.00 or so.

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