What is the best credit card to get if you have NO credit?

I want to build my credit.Im just 18 and just got a job. %26amp; I want a lil xtra spending money for Christmas.. I was wondering what is the best credit card to get if i do not have any credit??|||lol there are new credit laws that prevent anyone under 21 from getting a credit card so there are high possibibilities that everywhere you apply for credit you will get turned down and that and all those credit inquiries will in your credit reports when you build credit and its even worse than not having credit at all.|||If you are a student, Wells Fargo offers student VISA cards. They have pretty low balances so it easy to maintain. I just had to show a current student ID and they issued me one. It had a $300 balance.





If you are not a student and are not able to obtain one from your local bank, the only other option is a secured credit card. You have to put money down. For example you would put $300 down and then you would have a $300 balance. This method would defeat your idea of having extra money to buy Christmas presents though since if you had the extra $300 for the secured card, you would probably just buy the Christmas presents. If you do go the secured route, make sure that there are no fees. Some shady credit card companies charge all sorts of fees that whittle away your initial deposit so you don't get anything back.|||You are getting a confusion of messages here. Let me see if I can help you straighten things out a little.





First, yes, you can get credit at your age, if you have income, which you do. That much is correct.





However, with a brand new job, you are going to have difficulty finding anyone who will issue you a regular credit card. That has nothing to do with the law. It's just that, in this economy, credit card issuers have made it harder to get approved.





Therefore, the first thing to do is to see if you are eligible to join a credit union through your job. If the employees have a credit union, and the credit union issues credit card (which many do), that's your best bet by far. Be sure to check that out.





If there is no employee credit union, or if the credit union does not issue cards, your next best option is to get a secured credit card. A secured card will help you build your credit rating, but it might not do you much good for Christmas this year, because you have to deposit money up front. So, if you wanted an extra $500 for Christmas, you would have to put in $500, plus pay any fees (more about secured card fees in a moment). Then, when the bill comes due, you would still need to pay it off like a regular card, or it would work to *hurt* your credit.





So, right now, you might want to try for a store card. In other words, instead of getting a general purpose card like Mastercard or Visa, you might have an easier time qualifying for a card issued directly by a store, like Macy's or Sears. Of course, a store card doesn't give you the flexibility of a general purpose card, but it is usually easier to get approval.





Now, a bit more about secured cards. All of them sock you with fees that regular cards don't have. At the least, you will pay a fee for setting up the account. Some secured cards also have an annual fee or a monthly fee, fees for adding more money to your account, and even "transaction fees" whenever you use the card. Fortunately, there are some cards that are not as bad, and there are Web sites that will help you figure out which ones have the lowest fees. Here are a couple of them. There are other comparisons out there, however, if you want more choices.





http://www.findsecuredcards.com/


http://www.creditcards.com/no-credit-his鈥?/a>





Bottom line: Try for a general purpose card at a credit union, if you can. Otherwise, pick a store (just one store until you build up your credit) and apply for a store card. Good luck!!|||...."I am 18 and just got a job..."





Sorry, but those 2 statements alone will get you declined for any unsecured credit card.





Only thing you can hope for is a secured card where you bank .|||Luis is incorrect.





Teenages (of legal age) may apply for credit cards. Regulations are in place to keep credit card companies from constantly marketing to students that do not know any better. You can do a search for Secure credit cards OR bad/no credit cards.|||if you want extra spending money...work some more hours....what you said will get u directly into debt...