Student Credit Card? - Ask Rich / Money 101

Chardale · 07-14-2009, 11:59 AM

So, I'm looking for a credit card to build my credit. I don't have any credit and I am a student, so I figured a student card would be best, right?
Does anyone have one? Do you like yours? What kind is it?

Heather2406 · 07-14-2009, 12:42 PM

I have a student credit card through CapitalOne.
The apr is only 2.9%.

I also have another student credit card through Discover, not sure what the apr is on this one, but it's low like CapitalOne.

I got them to also build my credit, even though I'd love to go on a shopping spree with them....but mom wouldn't love it as much as i did....

settles · 07-14-2009, 12:46 PM

here is one that helps you build or rebuild your credit https://www.bankofamerica.com/credit...tegory_id=2029

AvonleaMAF · 07-14-2009, 01:02 PM

I have a similar question. I TRIED to get a student credit card with both CapitalOne and Discover. They were both intended for students with no credit.
I freaking got denied. WTF...

I have like over 3K in my savings.

So I was don't know how to build credit if they don't give me something to start with.

What I was thinking about doing was taking out a loan with my bank. Opening up a savings account. Putting my loan money in the savings account and then pay the loan back (with the same loan money).

Good plan? Stupid plan? Anyone got a better plan?

Shaky · 07-14-2009, 01:15 PM

That's how I started my credit. I went through my bank. That was many years ago though.
Then once I had that one I opened a Sears CC and would pay it off every month. It worked.

J.Ski · 07-14-2009, 01:19 PM

My first card was the Citi mtvU card. The APR is sucky but the reward points are awesome

You get 5x points at bookstores, restaurants and stuff plus points for paying on time and your GPA. My limit was $800 in 2005 and it's now $10,500 so it grows with you.

Chardale · 07-14-2009, 01:26 PM

Thanks, all! I didn't even think about capital one, heather. I'll take a look at that next.

NDNatlGuardGF · 07-14-2009, 02:13 PM

One thing to make sure of, is to obviously try to get the lowest APR % possible, but if you really want to build your credit, don't charge more than you can afford to pay off completely when you get your next bill. When I first got mine, all I put on it each month was gas and then paid it off. Eventually, I used it more and more, but I still pay it off each month.

Charity · 07-14-2009, 02:19 PM

I have a citicards Drivers Edge card. The rewards are awesome (money towards a new car if you want!) and the APR is low as long as you pay on time. I've had it since 2003 - my limit has gone from 2,000 to 10,000.

07-14-2009, 11:59 AM	#1 (permalink)
Chardale AKA Jasmine Join Date: Jun 2008 Location: Her: North Carolina Him: The big wide ocean. Posts: 422 Classifieds: (0) Activity: 1% Longevity: 24%	Student Credit Card? So, I'm looking for a credit card to build my credit. I don't have any credit and I am a student, so I figured a student card would be best, right? Does anyone have one? Do you like yours? What kind is it? __________________ "I love you, dear, and I know you love me and no one could ever love us as much as we love each other." -My Guy

07-14-2009, 01:02 PM	#4 (permalink)
AvonleaMAF Like, Ah-Vin-Lee. Join Date: May 2009 Location: Malmstrom AFB Posts: 2,333 Classifieds: (0) Activity: 58% Longevity: 8%	I have a similar question. I TRIED to get a student credit card with both CapitalOne and Discover. They were both intended for students with no credit. I freaking got denied. WTF... I have like over 3K in my savings. So I was don't know how to build credit if they don't give me something to start with. What I was thinking about doing was taking out a loan with my bank. Opening up a savings account. Putting my loan money in the savings account and then pay the loan back (with the same loan money). Good plan? Stupid plan? Anyone got a better plan? __________________ That's the the thing. I don't need to say how much I love you. I'm going to show you. I'm going to give you the best life I can possibly give because you deserve it. And I am so ready to go on that path."- DB LARZ is my wifey.

07-14-2009, 01:19 PM	#6 (permalink)
J.Ski Senior Member Join Date: Mar 2008 Posts: 8,847 Classifieds: (0) Activity: 68% Longevity: 27%	My first card was the Citi mtvU card. The APR is sucky but the reward points are awesome You get 5x points at bookstores, restaurants and stuff plus points for paying on time and your GPA. My limit was $800 in 2005 and it's now $10,500 so it grows with you. __________________

07-14-2009, 01:26 PM	#7 (permalink)
Chardale AKA Jasmine Join Date: Jun 2008 Location: Her: North Carolina Him: The big wide ocean. Posts: 422 Classifieds: (0) Activity: 1% Longevity: 24%	Thanks, all! I didn't even think about capital one, heather. I'll take a look at that next. __________________ "I love you, dear, and I know you love me and no one could ever love us as much as we love each other." -My Guy

07-14-2009, 02:13 PM	#8 (permalink)
NDNatlGuardGF NDNatlGuardGF Join Date: Jan 2009 Location: Me: Grand Forks, ND Him: Afghanistan Posts: 1,528 Classifieds: (0) Activity: 60% Longevity: 14%	One thing to make sure of, is to obviously try to get the lowest APR % possible, but if you really want to build your credit, don't charge more than you can afford to pay off completely when you get your next bill. When I first got mine, all I put on it each month was gas and then paid it off. Eventually, I used it more and more, but I still pay it off each month. __________________ DB: "Everything in the world makes no sense to me without you." DB: "The best time of my life has been loving you..."

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07-14-2009, 12:42 PM	#2 (permalink)
Heather2406 Heather Join Date: Feb 2009 Location: Me: South Jersey Him: Home :) Posts: 576 Classifieds: (0) Activity: 36% Longevity: 12%	I have a student credit card through CapitalOne. The apr is only 2.9%. I also have another student credit card through Discover, not sure what the apr is on this one, but it's low like CapitalOne. I got them to also build my credit, even though I'd love to go on a shopping spree with them....but mom wouldn't love it as much as i did....

07-14-2009, 12:46 PM	#3 (permalink)
settles MilitarySOS Jewel Join Date: Dec 2007 Location: Savannah, GA Posts: 13,449 Classifieds: (1) Activity: 70% Longevity: 32%	here is one that helps you build or rebuild your credit https://www.bankofamerica.com/credit...tegory_id=2029

07-14-2009, 01:15 PM	#5 (permalink)
Shaky Miss Puerto Rico Join Date: Mar 2004 Location: FL Posts: 27,972 Classifieds: (0) Activity: 76% Longevity: 97%	That's how I started my credit. I went through my bank. That was many years ago though. Then once I had that one I opened a Sears CC and would pay it off every month. It worked.

07-14-2009, 02:19 PM	#9 (permalink)
Charity Surviving Deployment #2 Join Date: Nov 2008 Location: Me: St. Louis/Him: Afghanistan Posts: 6,322 Blog Entries: 2 Classifieds: (5) Activity: 47% Longevity: 16%	I have a citicards Drivers Edge card. The rewards are awesome (money towards a new car if you want!) and the APR is low as long as you pay on time. I've had it since 2003 - my limit has gone from 2,000 to 10,000. __________________ "There is always a way. When things look like there is no way, there is a way to do the impossible, to survive the impossible. There is always a way. If I can offer one piece of advice; today, if you become frightened, instead, become inspired." -Grey's Anatomy I my wifeys Solstice and Mrs. Ninkumpoop!