College Student Wanting a Credit Card

Author: JakeC
Posted: Mon Oct 03, 2005 11:16 pm
Post subject: College Student Wanting a Credit Card

I'm a college student who wants to apply for the Citi Dividend Platinum Select card (not the student one) for the rebates and b/c it seems like the best card out there. I'm in North Carolina doing an internship (making a little money) this fall semester; my school and my parents' house is in Florida. I will not be working when I go back to school next semester. I don't know my current credit score but can provide the following information:

I have two accounts open: a store card with a very low limit that has been open about 2 years and an amex account w/ a $1500 limit that's been open about 14 months, no lates on either, always paid in full each month.

My score was low 700s in july, but should be higher now because my amex account had a limit of $500 and a high balance of $450. Now the limit is $1500 so the utilization is under 30%.

I have a hard hit from 5 weeks ago because I opened a checking account at a new bank although I didn't apply for credit. The last hard hit was 14 months ago.

Do you think I have a shot? I know the application will ask for household income, which is not very high now b/c I'm not at my parents' house and I am completely supported by them. Should I wait a while to apply b/c I have the recent inquiry?

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Author: JaneiR36
Posted: Tue Oct 04, 2005 1:46 am
Post subject: College Student Wanting a Credit Card

I happen to think you'd have a pretty good shot at the card especially if you added a parent as a cosigner and/or provided their income w/the household income (they have excellent credit?)

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Author: hesiden
Posted: Tue Oct 04, 2005 6:29 am
Post subject: College Student Wanting a Credit Card

Since you have an AMEX care I think you have a good chance. One recent inquiry is not a problem. Also there are three major credit reporting agencies, the hard inquery from the bank is probably on one of them and when Citi pulls your credit it might pull from a different one.

Anyway, Chase Cash Plus is the same as the Citi Dividend card. With 5% earnings on gas, grocery and drugstore purchases, and 1% everything else.

http://www.chase.com/ccp/index.jsp?pg_name=ccpmapp/card_acquisitions/unsolicited/page/PFSCreditCardDetails&sourcecode=4X2G

If Citi says no you can try Chase.

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Author: JakeC
Posted: Tue Oct 04, 2005 7:14 pm
Post subject: College Student Wanting a Credit Card

Yes, my parents have excellent credit, but I don't currently live with them and I think listing a six figure income could raise a red flag. Could I just list some of their income? I pulled my equifax report (w/o the score) and it had the recent hard hit on it-I've read from the Yahoo group "whopulledmycredit" that Citi generally pulls equifax.

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CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

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Author: scarymary
Posted: Wed Oct 05, 2005 9:26 am
Post subject: College Student Wanting a Credit Card

I'm in PA and recently applied for the Citi Dividend card. They pulled TransUnion which is my most limited report. I've had credit since 1986 and still can't get approved when a creditor pulls TU!!

So guess what! Denied! Oh Well.

BTW... I have delinquincies that are more than two years old, are paid but are still reporting to the bureaus. Citi told me that as long as the delinquencies report, they will always decline those applications.

So I should be able to apply with them again around 2010!!! LOL

After that I wanted to apply with Chase but one of the first 3 questions is "Do you have a history of serious delinquencies?" Well, yes... but they're old.

What qualifies as a serious delinquency and when can answer "NO" to that question????