I'm 18 and have no credit, but I need to start building one with a credit card. What card is the best for this?

I need to start building my credit and I know a credit card is a good way of doing this. So what card is a good way of doing this. If it helps, I plan on paying the balance off every month and only charging between $300-$500 on it a month. PS- If you have any other suggestions for building my credit please include. Thank you!|||Get a credit card from local bank and pay it in time. You also can use this service to avoid common mistakes while buiding credit and pre-estimate future scores for different scenarios of payments - buildcredit.ifastnet.com|||I would suggest starting with your bank. You are correct that a credit card can help you build credit, but be careful not to rely solely on credit cards to increase your score. If you have a relationship with a local bank, they may be able to give you a small personal loan, line of credit or their own credit card to help you in this endeavor. They may also have a financial adviser that can give you more options or advice. Finally, with the fact that you currently have no credit, don't be surprised if when you do get approved for a credit card that your line of credit is less than you expect. Many companies start you out with only $200 and sometimes as much as $500 and will increase it over time.

In regard to another answer, you can obtain credit when you are under 21 without a cosigner if you can demonstrate ability to repay, such as employment earnings. That part of the law is intended to help keep college students from being targeted by credit card companies and getting behind before they have the means to repay their debt.|||Times have changed since I was your age. What I did may still help. I got a secured loan from the bank. I borrowed $500.00 which went into a savings CD for a year. I made monthly payments with the understanding the bank would report the loan and payments to the credit bureau.





Credit Unions are a better move today. Same plan. They may have other suggestions as well. Visit one near you and talk it over.





Others who say you must prove a steady income and how you plan to pay are correct due to a federal law change know as the CARD ACT.





After you have done the above, the bank may be willing to issue a small limit card. I know for fact Wells Fargo has a starter secured credit card that can be converted about a year later. I would still talk to the local credit union first.





Whatever you do, do not accept the card offers loaded with fees. READ AND UNDERSTAND all card offers including fee schedules before accepting them.|||Hi! The new credit law that went into effect states that you must be 21 years or older to get credit card OR if you are 18 to 20 you must show proof of income (i.e. employment, proof showing you can pay debt off) OR if 18 to 20 you can have a co-signer on the account.





You are right, if you do get approved it will probably be under $1000, more likely $300 to $500 range you quoted. You might have to get a secured credit card to start out with OR ask your parents to co-sign with you until you get established credit.





Here are some websites to learn about credit:


http://www.ftc.gov/credit


http://www.myfico.com





Here are some websites to review credit card offers and banks:


http://www.bankrate.com


http://www.creditcards.com





Here is the link where it states about having a co-signer or showing proof of income/proof you can repay the debt back:


http://www.creditcards.com/credit-card-n鈥?/a>|||i would use VISA since they take it most everywhere. if you pay your balance off every month, the bank isnt earning any money so you really arent establishing any credit....at least thats what my bank told me. i would buy something and pay it off after a couple of months just to get started. then you can pay it off every month.|||You don't need a credit card to build credit. You just need to NOT have BAD credit. You can buy a house with a score of 0. If you get a card, just be careful. Your bank account balance- saving for the purchase, is more valuable.....mutual funds that grow value.....why charge when you could grow some value in cash and not risk the banks changing their terms from 8% to 29% because OTHER people are defaulting,,,,,|||Being 18, you are going to find it near impossible to get an unsecured card.


Take that $300 or $500 you were planning on paying off every month and open a secured card at a credit union.|||A lot of times your current bank will have student credit card or builder credit cards with lower limits and stuff and really helpful protection for starters. I would check with your current bank.|||unfortunately due to new federal laws you must now be 21 or older to have your own credit


card


if you are under you will need a co-signer|||query "secured credit cards." It has been answered hundreds of times. (And put $1,000 on deposit.)|||I WENT TO BANK OF AMERICA AND GOT A PRE PAID CARD AND A YEAR LATER IT WAS TIME FOR A REAL ONE SO IT IS THE WAY TO GO BRO|||Bank of America sucks.