Hello! As the title says, I’m looking to establish and build some credit and ultimately boost my currently low (620 or so) credit score. I’m wondering what my best first step would be, should I sign up for one of these preapproved $2000 credit lines I get sent every so often? Should I be seeking out a certain first card (or two) to get going? I’m afraid of applying for a card and getting rejected. I work in the hospitality industry (restaurant server.) Thanks!!
**to clarify, I currently don’t have an open credit line, I just use my debit card and cash for everything***
One thing that MASSIVELY assisted me was being added onto my parents cards. Granted they are older, financially secure, and have 780+ credit scores, but that damn near added 100 pts to my credit. Since then I’ve got one of those small balance cards and a target card that I try to pay off every month.
Look into getting a secured credit card. Discover has a good one. I was approved with a 605 credit score and $200 down to secure it. After 8 months of on time payments, they unsecured it, gave me my money back, and raised the limit.
Without knowing exactly what’s going on with your credit score, the best step is kind of impossible to answer.
Getting a credit card that doesn’t cost anything to maintain is a good step,, as a credit limit, as well as credit age help your score. You don’t even need to use it if you already are able to pay in cash.