Many adults as they enter college don’t have a credit score. Luckily for them, possibly even you, there is a category of credit cards that they can be approved for: Secured.
What is a secured credit card?: A credit card that requires a down payment.
I recommend the BankAmericard® Secured Credit Card, it was the first credit card I was approved for and it helped me build a credit score.
Recommendations before applying:
- Relationship with Bank Of America (Checking/Savings/Etc)
- The minimum $300 refundable deposit ($4,900 if you have the money)
- Patience (Please note: You’ll most likely get your first credit score 6 months after you get approved for the card.)
How to apply? It’s simple, go here and click Apply Now.
Best of luck! If you’re not approved, in this case I would recommend going in branch to verify your identity so that you can be reconsidered.
Tags: Bank of America Credit Card, Secured Card, Build Credit