First Credit Card

djdw2001

Hi i'm 18 and currently doing my A-Level's and was wondering if anyone could recommend a credit card for me not to bothered about interest rates just want to start building up a credit record , i am unemployed (with No income sources) , go to boarding school, Thanks in advance.

Willing2Learn

Hi djdw2001 and welcome to the forum

As you have nil income, you would need to apply for a sub-prime card such as CapitalOne, Aqua, Vanquis etc.  But an application with those lenders may not be successful as you don't even get any DWP benefits.

How are you going to pay your monthly credit card statement if you have nil income?

With respect, I recommend you do not apply for a card before you have any regular income.  You would have to wait until you have either a part-time job, a student loan or DWP income.

Cisco001

I won't bother.
I would say wait until you got a job
or go to uni when u can apply for students account

2e0arr

are you a member of the students union ? get a students union card that will give  you discount. If and when you start university in freshers week banks will be falling over themselves to offer you bank accounts an credit cards

Malkytheheed

You have no income. 
Do NOT get a credit card. Not yet.

dr_adidas01

You have no Income how are you going to pay back what you spend on a credit card?

PRAISETHESUN

The only time you shouldn't worry about the interest rate is when you intend to pay off your statement balance in full and on time. Without an income stream I can't see how you intend to accomplish this. If your ultimate goal is to build up some credit history, then the last thing you want is to miss payments or default on debt, no matter how small the amount.

You'll likely only be eligible for sub-prime cards, but if you manage it responsibly then you'll achieve your goal of building some solid credit history.

https://www.moneysavingexpert.com/credit-cards/bad-credit-credit-cards/

coachman12

djdw2001 said:

Hi i'm 18 and currently doing my A-Level's and was wondering if anyone could recommend a credit card for me not to bothered about interest rates just want to start building up a credit record , i am unemployed (with No income sources) , go to boarding school, Thanks in advance.

No 18 year old wants to hear the advice you have already been given by helpful posters on this thread, but.................wait !  Wait till you have a salary and all the tiresome responsibilities that older folk have. Even if you go to Uni, don't be too anxious to dabble with Credit Cards, especially with the harsh student loans system that did not exist in my time. Good luck with your A levels----it seems like yesterday that I was doing my "mocks" round about this time of the year 

2e0arr

this father gave his 18 years old student a credit card. the credit card was stolen.

The father didn't report the card stolen, because the thief was spending less than the student.

djdw2001

Willing2Learn said:

Hi djdw2001 and welcome to the forum

As you have nil income, you would need to apply for a sub-prime card such as CapitalOne, Aqua, Vanquis etc.  But an application with those lenders may not be successful as you don't even get any DWP benefits.

How are you going to pay your monthly credit card statement if you have nil income?

With respect, I recommend you do not apply for a card before you have any regular income.  You would have to wait until you have either a part-time job, a student loan or DWP income.

Don't know how to respond on this platform but thanks for the information, i have had a part time job before so i have some money saved to spend but i was going to use the card instead of using my debit card and then pay it off straight away. Can i use student Loans as income , would a co-signed card or a authorized user be beneficial to help to build up a credit score

[Deleted User]

Credit history is only built up by the person taking out the credit account.  Secondary cardholders have no responsibility for the account.