Ask Terry Questions establishing a credit history for student

establishing a credit history for student

By Terry Savage on December 12, 2020 | Credit/Debt

my granddaughter recently applied for a credit card ar a dept store but was rejected because she has no credit history. what is the best way to esrablish it. she is a freshman college student.

Terry Says

She needs a “secured card” — a regular Visa or MC that is secured by a deposit of money in the issuing bank. But there are some traditional cards designed especially for college students (with a parent or grandparent guarantor). Here is a list of them at CreditCards.com.

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