Ask the Expert: Grads and credit cards
Photo credit: AP | Credit card issuers are intensely competitive. A young person with a job is a desirable customer, even if he doesn't yet have a credit history. (Nov. 19, 2009)
My son graduated from college this spring. He got a good job with a $72,000 salary at a consulting firm but has no credit history. Will that hurt his chance of getting a credit card? If his applications are rejected, will it damage his credit score?
Advise him to apply for just one card. He'll probably get it, thanks to his income. If not, one rejection won't hurt him.
If possible,...
