How to Get a Trade Card to Boost a Credit

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Trade accounts provide the opportunity to get a positive credit card decision. Get a trade card from an office store or furniture store with advice from a registered financial consultant in this free video on money management.

Part of the Video Series: Personal Finance Tips
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Video Transcript

This is financial advisor Patrick Munro on how to get a trade card to boost credit. Many times, individuals or with new businesses are seeking additional ways to build a credit line, and banks, of course, are really not in a position to make a move on them yet until they're more established. What you can do is go off to, you know, retailers that are in the trade. For instance, Office Depot, Office Max, furniture stores, office furniture stores, gasoline companies -- Esso, Shell, Exxon. These are what we call trade cards. And although the credit balances are low, when you do apply for a card, the opportunity to be...get a positive credit card decision is always there with trade accounts. Once you get the trade account, you make sure you use the card, but always pay it off and develop, therefore, a history. This is a way to get a trade card to boost credit history. This is Patrick Munro, financial advisor, talking about how to get a trade card to boost credit history.

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