Just a few months ago I was bombarded with credit card offers in the mail, as a student with no income I was constantly getting these envelopes practically shouting "PRE-APPROVED." Now... well, I have a job so I could actually afford to pay my balance and I have a piece of paper that means I'm educated enough to know that credit cards are not to be used as a way to live beyond my means. Unfortunately, both of these things mean nothing. I have no credit, so I'm considered risky to the lender, but in order to build my credit score I'd need a credit card.
Store cards are all I can get, but unfortunately they aren't doing much to help my case. I have a few, but rarely use them because I really don't need to go to the mall all the time just so I can maybe one day get a Visa logo on my card.
After doing some research these are my options I've found:
1) Apply for a pre-paid credit card, which basically amounts to me lending the bank or whoever the money I would like to spend. I put down $500, I get a $500 credit limit and not a penny more.
2) Apply for a gas card, supposedly these are easier to get
3) Wait it out, keep working and paying off my loan and hope the credit gods smile on me
Any suggestions? I feel like singing the songs from those freecreditreport.com commercials...
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