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No not necessarily. Your credit score is determined by your history of paying back accounts from lenders. While you don't need a credit card they tend to be how most people build credit. To get a good score without a card (assuming you're applying for a loan or some kind of financing) you'll need either a cosigner, someone who has credit and is willing to put it on the line for you and their credit becomes yours basically but they take most of the risk and penalties if you default. Another option is a loan which you pay back every month ON TIME in order to build a good score over time.
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What are the requirements of applying for a credit card?
There are many requirements to applying for a credit card. The biggest requirement is having a good credit score. Without a good credit score, one cannot get a credit card.
what is a good credit card rate?
A good credit card rate depends worldwide. However, a good credit card rate would range from 6% to 8%. But a credit card rate of 5% is more than what most credit card companies ask for. As for Visa, can be from 11% to 20%, depending on the type of card that you are applying for under the company.
Do you have to have exceptional credit to be approved for an American Express card?
You do not have to have exceptional credit to be approved for an American Express card. It is good to have a good credit rating for this card for better rates, but it is not necessary.
What is the benefit of a good credit report when applying for a Capital One credit card?
A good credit report means that one who applies for a Capital One credit card can get a better deal. First, with a good credit report one can get an unsecured card instead of a secured card. Depending on how good one's credit report is one can get better features, lower interest, and maybe even a platinum card.
How can you check to see if a credit card is good?
just go to any bank and ask them if you can check if your credit card is good.
How credit card affect the society?
when credit card is not good
What is credit card pos?
credit card pos = credit card point of sale.
What are the requirements of applying for a credit card?
There are many requirements to applying for a credit card. The biggest requirement is having a good credit score. Without a good credit score, one cannot get a credit card.
what is a good credit card rate?
A good credit card rate depends worldwide. However, a good credit card rate would range from 6% to 8%. But a credit card rate of 5% is more than what most credit card companies ask for. As for Visa, can be from 11% to 20%, depending on the type of card that you are applying for under the company.
Do you have to have exceptional credit to be approved for an American Express card?
You do not have to have exceptional credit to be approved for an American Express card. It is good to have a good credit rating for this card for better rates, but it is not necessary.
What is the benefit of a good credit report when applying for a Capital One credit card?
A good credit report means that one who applies for a Capital One credit card can get a better deal. First, with a good credit report one can get an unsecured card instead of a secured card. Depending on how good one's credit report is one can get better features, lower interest, and maybe even a platinum card.
How can you check to see if a credit card is good?
just go to any bank and ask them if you can check if your credit card is good.
What is the best credit card for balance transfer?
There are many good credit cards for balance transfer. For example, Visa credit card provides a good balance transfer service. American Express credit card does too.
Would closing a credit card damage my credit score?
Yes closing a credit card can damage your credit score. But as long as everything else is good it should not affect you credit rating to much. Look for tips to keep a good credit card rating.
Free credit report with out credit cards?
Credit reports determine your credit score based on your credit card usage. Without a credit card, you'll be unable to obtain a credit report. If you are of age, it is best to obtain a credit card and use it responsibly in order to build good credit. Good luck!
what is a good credit card company?
A good credit provider is one who does not nickel and dime you for every transaction you make on the credit card. I would work on your credit first and then try to get a card with a low interest rate and no fee to activate it.
With good credit where can one find a free credit card with no annual fees?
With good credit, almost all credit card carriers offer free credit cards with no annual fees. You should contact your provider and seek information about a credit card with no annual fees.
