Having a good credit score rating means establishing a track record of on-time payments across a variety of account types. However, we all have to start somewhere.

Consumers must kick-start their history by opening an account somewhere. Credit cards are often the first type of borrowing activity that appears on a consumer report. Make the experience positive.


Consumers ask interesting questions. One interesting question goes like this. What credit card offer is best when building a house?
You may want to focus on how you use the new account, rather than what rewards you might garner, or the interest free features you might exploit. Your mortgage interest costs are far more important.


When responding to a credit card offer, you may need to answer several seemingly odd application questions such as whether you rent an apartment, own a home, or live with your parents.

You may find it interesting to learn the different ways risk managers may use your answers when deciding whether to approve your request, and then set your initial limit.


Credit card offers for people with bad credit history do exist, however the terms are not always very attractive. You may have to choose between several unappealing alternatives.

It may not be realistic to expect to find an offer of an unsecured card with no down payment, or cards with no annual or processing fees, or an instant or guaranteed approval.


You get a credit card offer in the mail, or you reach out to a lender to apply for a new credit card. Your risk profile is good, so you are confident of being approved.

Then comes a big surprise, the bank declines your application because sometime is squirrely about your place of residence information. Now you want to know why.