Turning 18 on Saturday, Looking for a CC - Unique situation

Ok, here it goes. I will turn 18 on Saturday, and I am looking for the best card I can get. (OBVIOUSLY!) I buy about $40,000+ every month for eBay resale. I currently have the paypal debit card with 1.5% Cash Back, and the BOFA Alaska Airlines debit, which is ok, but is 2 dollars for 1 point. I dont care about interest rates, since I will be paying it off immediatly. I dont want travel rewards or items, just Cash Back. The thing I am worried about is not having any credit, and applying for too many cards.

If I apply for alot of cards, will it hurt me? How about credit accounts?

I am looking at the target card and Circuit City card, since I spend a majority of my money there. Is it best to use the two cards for the two stores or just use one credit card for all of them?

I have a checking, savings, prima account at BOFA, and I was told that would help me a bit. I dont want student checking because there are no rewards. Please let me know what suggestions you might have, I am lost. THANK YOU!

What will my score be when I turn 18, if anything?

YES, I have looked through ALL the stickies, however I found nothing that pertains to me.

Happy Birthday!
Credit score is based on credit history. No history = No score. You'll get credit history once you apply for credit (any form of credit, not only a credit card).

dawhim said: what is the point of going through all the old no stickies without knowing the basic.

no credit history and expecting to get ANY cards you want. most of us starts with $500-$1000 credit.

try to start with pre-approved letter. if you are a college student, apply with those guys on campus. if you don't get pre-approved letter and not a college student, good luck getting a credit card.

I believe your credit score is non-exist as long as you don't have any credit history.

I am a college student, a Sophmore if it makes a difference.

philipcolett said: dawhim said:

I am a college student, a Sophmore if it makes a difference.

it does. when you apply for a credit card, don't expect them to give you anything over $1000. if you want more you can apply to 2 citicards. the A-hat on campus signed me up for both divident and plantium selected when I didn't know the difference (they made commission each application). you can call them citi and ask them to combine two cards into one for more credits.

all it takes is to have one card to start with.

OP, CC issuers care less that you do 40k/month in purchases if you have no credit history, in fact there's a REASON they have personal and business CCs. You are not supposed to put personal purchases on biz CCs or put BUSINESS purchases on personal cards (thats what you are doing).

Youll probably have the best luck dealing with BofA if thats where you handle this large transaction volume, speak to a manager. Its time for you to get business accounts now that youre an adult. BofA actually has a sweet cash rewards business card (search this forum) Still, Dont expect a CC with a high 5 digit CL to start.

You have to have a line of credit for 6 months before you get a FICO (Try buying your score from equifax/experian/trans union, they wont even let you since you wont have one). Your starting from the ground up, use the above link.

Try a secured credit card. Of course it will be subprime, maybe even with annual taxes, but whatever, you are building your credit history.

I might suggest BofA Student Visa CC or Citi Student MC/Visa CC. No annual fees, pretty easy to get.
Ton't try, for now, to get a rewards card, wait at least 6 months (therefore Discover or 0% BT are out of the question).
Prove your income if necessary.

liar

tjwoody said: to easy.

what is to easy.

welphd said: How much profit you pull in every month?

Pft. Be surprised if he nets even $1k per month.

The only GUARANTEED credit card you will get is a secured. I started with a $300 secured card right when I turned 18. Three months later I started getting pre-approved offers. I responded to one of these offers and was approved with a $3k limit. The card wasn't glamorous and didn't come with any perks.

HEY!!!! I've seen you before on ratemybody.com

link

HAHAH didYOUsearch

It's 6:22 am on a Sunday here and my 1 1/2 year old is up...have nothing better to do then search google

Why do people openly brag about eBay earnings?

Searching is fun

Do you do defense work dYs?

Nah. The way it works, if you report someone for tax evasion, you pretty much are certain to get audited as a consequence. Plus the IRS is notoriously slow to pay out. My taxes are clean, but the time the IRS would soak up with their paperwork and interviews would not be compensated and I don't have that kind of time to spare.

But there are folks on FW who seem willing to spend inordinate amounts of time chasing after past due $20 rebates.

philipcolett said: unknownshopper said: Why do people openly brag about eBay earnings?

Searching is fun

Do you do defense work dYs?

are you actually going to do that? I make like less than a thousand dollars.

As OP changes the city in his profile from Fresno to Clovis ...

Edit: And his post linking to his eBay feedback history disappears ...

didYOUsearch said: NOT a unique situation, how to start /build credit is the most common question #4 in the sticky

http://www.fatwallet.com/t/52/457977/

and asking what applying for cards or credit accounts will do is most common question #2

and asking whats the BEST card (assuming you dont have problems getting cards due to limited credit history) is most common question #10!

the sticky couldnt be any more on point to your situation and questions. read the relevant comments and linked threadsseconded

philipcolett said: Ok, so I went to BOFA and applied for a card. It will take them 1-2 weeks to hear back. I hope I get it. I asked the manager if it would affect me if I applied for another card, like the apple credit account or target card. She said it might. I really want an apple credit account and a Target card, what do you think? She said she would wait at least a week to apply for another one.Don't bother with either. Both will do a hard pull and with no credit history, you won't get approved. Start with a student card or pre-approved app.

unique HOW?

didYOUsearch said: Unknown: nah I dont have experience in tax defense, and the only criminal defense Ive ever done is my own at least I can report a 100% success rate

I believe the old saying goes something like this: A lawyer who represents himself has a fool for a client.

he was from Fresno till his profile was edited, so Id say maybe Bullard? Need to place a quick call to my Fresno contacts...