Texaco Bank

How does declined credit card applications affect your score?

Hello, i applied for 2 credit card applications within a week and got declined. This is because, i am 18, and only have 2 bank accounts with no credit on file. When i paid $15 yesterday to see my credit score, it reported as having "no score". So i guess my declined accounts don't count, expect for the inquiry right?

And say i do have credit, how much does a decline account do for a credit card.

Also 1 more question: What is the easiest card to get, ive tried:
1. Texaco
2. Best Buy
3. Bank of America
any ideas?

if you're just starting out, you may want to open a checking account with a visa/mc debit card, then open a small line of credit linked to your bank account -- use the line, and pay it off regularly. this will allow you to establish credit history.

once you have a few months of good payments and responsible use, get a cash back rewards card, which actually PAYS YOU to use it.

I only use cash-back rewards cards, and here are the top ones available:

Citi Dividend Platinum Select -- 5% cash back groceries, gas & drugstores and 1% on all other purchases (best all around card out there). No intro purchase APR, but 0% balance transfer APR for 1 year. There is a limitation of $300 dividend reward dollars / year, minimum $25 increments. this translates to $6k in gas, groceries, drugstores or $30k in general purchases.
https://www.accountonline.com/acq/choose...

Chase Free Cash Rewards Platinum Visa -- 1% cash back on all purchases. UNLIMITED rewards that can be redeemed in $25 increments. 0% APR for 1 year.
http://www.chase.com/ccp/index.jsp?pg_na...

And if you are a Costco member, take advantage of their TrueEarnings American Express Card -- 3% cash back at all restaurants, 2% for all travel (airfare, hotel, car rental), and 1% cash back on all other purchases. No limit in rewards, which are sent to you once a year in a check.
http://www201.americanexpress.com/apply/...

i personally utilize ALL THREE of these cards, for different purchase types -- maximizing your rewards is easy with this great combination, as long as you are paying off the ENTIRE balance every month.

good luck!

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