How to get approved for a credit card

It’s possible to get a first credit card at a young age by becoming an authorized user on a parent’s account, but the legal age to apply for your own credit card is 18. Eighteen to twenty-year-olds must apply with a cosigner (which not all banks allow) or with proof of income.

In addition, you can take out a small loan like a credit builder loan. However, if you do take out a loan, I will recommend it be small—maybe a few thousand dollars—and you must make payments on time each month. This helps legitimize your case as a consumer who can make payments on time and thus is a good credit risk.

Lastly, keep tabs on your credit report and score. Once you start building credit, you need to make sure everything is in order. I hope this helps!

If you have no credit history and you're just starting out, it might be a good idea to consider a student credit card or a secured credit card. Here are some options to consider:

Student Credit Cards: Some credit card issuers offer student credit cards with special features and benefits, such as lower interest rates, no annual fee, and rewards programs.

Secured Credit Cards: A secured credit card requires a security deposit, which becomes your credit limit. This type of card can be a good option for people with no credit history, as approval is easier to obtain.

Here are some tips to increase your chances of getting approved for a credit card:

Check your credit score: A good credit score is typically considered to be above 700. You can check your score for free at several websites, including annualcreditreport.com.

Consider a secured credit card: If you have a low credit score or no credit history, a secured credit card may be easier to get approved for. A secured credit card requires a security deposit, which becomes your credit limit.

Provide complete and accurate information on your credit card application: Make sure to fill out the application completely and accurately, and provide information about your employment and income.

Be aware of the credit limit and interest rate: Different credit cards have different credit limits and interest rates, so make sure to compare and choose one that fits your financial needs.

Pay your bills on time: Late payments can lower your credit score and make it harder to get approved for a credit card.

Apply for a credit card from an issuer that you already have a relationship with: If you already have a bank account or other loan with a financial institution, consider applying for a credit card from that same institution.

Limit the number of credit card applications: Every time you apply for a credit card, it results in a hard inquiry on your credit report, which can lower your credit score. Limit the number of applications you submit.