Best Credit Cards for Students
Guest:DavidPalmer
Post subject: Best Credit Cards for Students
Posted: Mon Feb 13, 2006 9:09 pm
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
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Guest: maverick
Posted: Tue Feb 14, 2006 8:53 am
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.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Board Monitor
Board Monitor/ Administrator
Posted: Tue Feb 14, 2006 9:40 am
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
Sign up for our free monthly e-mail newsletter!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: quiznut1
Posted: Tue Feb 14, 2006 10:06 am
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.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: DavidPalmer
Posted: Tue Feb 14, 2006 2:03 pm
Quote:
Greetings and thanks for the post! How long have you had the BofA card? Do you have any idea what your credit score is
Ive had the BofA card for 6 months, don't know what my credit score is but I would assume very good, but I will check to make sure.
I don't know if paying for car insurance or a cellphone bill counts towards credit, if not I have a very short credit history.
Quote:
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
.
Thanks, I might look into that card.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Post subject: Best Credit Cards for Students
Posted: Mon Feb 13, 2006 9:09 pm
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
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maverick
Posted: Tue Feb 14, 2006 8:53 am
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.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Board Monitor
Board Monitor/ Administrator
Posted: Tue Feb 14, 2006 9:40 am
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
Sign up for our free monthly e-mail newsletter!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: quiznut1
Posted: Tue Feb 14, 2006 10:06 am
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.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: DavidPalmer
Posted: Tue Feb 14, 2006 2:03 pm
Quote:
Greetings and thanks for the post! How long have you had the BofA card? Do you have any idea what your credit score is
Ive had the BofA card for 6 months, don't know what my credit score is but I would assume very good, but I will check to make sure.
I don't know if paying for car insurance or a cellphone bill counts towards credit, if not I have a very short credit history.
Quote:
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
.
Thanks, I might look into that card.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 2:34 PM
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