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Question By
ayeboy

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when can i apply for a credit car with 5 month old car loan?
im 18 and was cosigned to my first car loan which is 5 months old, when can i apply for first credit card? and random question when do i get my first statement if approved by any card. btw my score is fair.

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if you have no credit besides the car loan I would check out capital one with thier it's okay to peek option you see all over credit karma. They are a good starter card. Just keep the balance low or paid in full and after 5 months they give you an auto credit line increase. You should be okay to start looking for a card now that you have 5 months payments of the car under you belt. The only thing you got to worry about is how many inquiries you have on your reports from the dealership trying to find someone to finance the car. If that is low also you have it made. Usually when dealers shop for a loan though they do with more than one bank.

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