For the longest time, I had no need to worry about financial anything. Oh the bliss of being a young college student! Then I stepped into the real world and I started thinking about things like being able to pay bills, having a rainy day fund and building my credit score.
I recently decided I wanted to get a credit card in order to build my credit score. I have been responsible with my money and saved an amount exceeding my goal in a shorter period of time than I planned. I thought I could be responsible enough to get a credit card.
My banks had different opinions I suppose. I have applied for a few credit cards at the credit union which I have an account as well as a few other well known banks. All of them have denied my application claiming that I don't have sufficient credit history. Well, if this isn't a case of which came first? The chicken or the egg?! How am I supposed to get credit history if nobody will give me a credit card?
After feeling like I was a lost cause when it came to credit, I finally went to SunTrust to see what they had to offer. It turns out they have a credit card they advertise as helping to build or repair your credit. Ah Ha! Just what I need. You open a savings account with them for the amount of your credit limit and I'm assuming if you fail to pay your bill they will take the money out of your savings as a payment.
SunTrust does require you to visit a local branch in order to inquire more about their Secure Credit Card, but I'm planning to pay them a visit today to see if I am a candidate. Hopefully I can be on the road to building a pretty awesome credit score!