credit rating

Alsie

Hi
Hope some one can help.How can i get a credit card for my stepson so that he can get himself on the ladder and have his own credit rating keep getting refused because he never had credit he is 22years and working.
Thanks

alan

crazyfj

Alsie wrote:

Hi
Hope some one can help.How can i get a credit card for my stepson so that he can get himself on the ladder and have his own credit rating keep getting refused because he never had credit he is 22years and working.
Thanks

alan

Hi

Have you tried capital one? They are usally a good place to start. He would probably get a low credit limit but they do review it.
FJ

Alsie

Thanks will give them ago

Reaper

Note the Capital One card has a high interest rate and he may have to pay a deposit. Well worth it though if he is willing to pay it off in full each month.

Here is a link to the Capital One card. Barclays also offer a similar one.

The other option is to apply to his bank for one. Having no credit history is less of a problem if the bank can see he has managed his account ok. Likewise any company he has savings with.

Helen_from_yorkshire

My son is just 18 and, on a recent shopping trip, together, he signed up for a Burtons card to get a discount on his purchases. He is wise enough not to continue to use the card but, as it's a store card, it may well enable your stepson to get on the credit ladder!

terriermama

I agree with Helen, also worth mentioning that he could look to apply for a card that asks about 'household income' rather than just his indv. income. Read several threads on this recently.

Alsie

Thanks everyone we are going through his bank seems the only way