Credit Tips: Good Student Credit Cards

Posted On: May 1, 2006

Author: DavidPalmer
Posted: Mon Feb 13, 2006 9:09 pm
Post subject: Good student Credit Cards

I was wondering if it is wise to apply for another student CC, after I already have one with Bank of America, and the fact that I will be graduating in May. Should I wait until May, when I have a real job, and then apply for a CC that is not marketed towards college students. If getting another student CC is alright, which ones should I look at

Author: maverick
Posted: Tue Feb 14, 2006 8:53 am
Post subject:

David,

In my experience, student cards are only different in two ways: they might have a lower credit limit and they might have a higher APR than the regular card.

If you have a short credit history and you think your score is not very high, you might want to consider getting a credit card now, since getting a student one is generally easier (lower criteria required for approval) than getting one of the regular ones. Once the initial offer period on the new card is over, you could also think about consolidating (if it is from the same bank).

But if you have a somewhat long credit history, and you think your scores are good, waiting to get a ‘real’ job would be advisable, so that you could state a higher income than you have now.

Some good student credit cards might be: Citi Dividend, AmEx Blue, AmEx Green (if you care for paying an annual fee), Bank of America, Chase (the student versions of all the above cards).

Hope this helps.

Author: Board Monitor
Posted: Tue Feb 14, 2006 9:40 am
Post subject: Good Student Credit Cards

David,

Greetings and thanks for the post! How long have you had the BofA card? Do you have any idea what your credit score is? You can comparison shop for student cards here:

http://www.cardratings.com/studentcreditcards.html
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314

Author; quiznut1
Posted: Tue Feb 14, 2006 10:06 am
Post subject:

I have the Citi Dividend Platinum Select credit card for college students. It has the same rebate structure as the one they target to adults. 5% cash back on gas stations, grocery stores, and drug stores, and 1% cash back on everything else. Limit $300 yearly rebate limit per calendar year. I had no problem getting approved, even though I only had a 6 month credit history. They gave me a 6 month 0% APR on purchases and balance transfers, but if you pay your bills in full and on time, I think this is the best student credit card available right now.