Applying for Second Credit Card as a Student

[Denali05]

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@heyarrnold wrote:

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@Denali05 wrote:

May I ask what the benefits are for American Express and Sallie Mae CCs over BoA, Chase CCs etc.?

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Definitely get an Amex. I assume we are the same age 21? Well, that is with my assumption that you're still an undergrad. 

However, I would get an Amex for backdating purposes and MR points. Their CS is also great! I would apply to their Everyday card. It's on my wish list for Jan of 2015

Yup spot on, I am 21. Based upon everyone's suggestion, American Express definitely seems the most benefical route to take. I will go ahead and apply for the Amex Everyday card and hold off on the BoA card. The only reason I suggested BoA is because I've had an checking account with them for a long time, which made their card pretty appealing on the surface. 

[heyarrnold]

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@Denali05 wrote:

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@heyarrnold wrote:

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@Denali05 wrote:

May I ask what the benefits are for American Express and Sallie Mae CCs over BoA, Chase CCs etc.?

---

Definitely get an Amex. I assume we are the same age 21? Well, that is with my assumption that you're still an undergrad. 

However, I would get an Amex for backdating purposes and MR points. Their CS is also great! I would apply to their Everyday card. It's on my wish list for Jan of 2015

Yup spot on, I am 21. Based upon everyone's suggestion, American Express definitely seems the most benefical route to take. I will go ahead and apply for the Amex Everyday card and hold off on the BoA card. The only reason I suggested BoA is because I've had an checking account with them for a long time, which made their card pretty appealing on the surface. 

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You will not regret it! Once you have your foot in with Amex, you're set! They offer a lot of great benefits that will help your credit file in many ways(3xcli works like a charm!)

[vygotsky]

IMO app the BoA BBR first and then the Amex Everyday second on the same day.

[Gornet]

I am 18 years old freshie in uni and i decided to go with amex x3 lol.... You can do itttt

[CarnegieS]

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@Denali05 wrote:

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@heyarrnold wrote:

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@Denali05 wrote:

May I ask what the benefits are for American Express and Sallie Mae CCs over BoA, Chase CCs etc.?

---

Definitely get an Amex. I assume we are the same age 21? Well, that is with my assumption that you're still an undergrad. 

However, I would get an Amex for backdating purposes and MR points. Their CS is also great! I would apply to their Everyday card. It's on my wish list for Jan of 2015

Yup spot on, I am 21. Based upon everyone's suggestion, American Express definitely seems the most benefical route to take. I will go ahead and apply for the Amex Everyday card and hold off on the BoA card. The only reason I suggested BoA is because I've had an checking account with them for a long time, which made their card pretty appealing on the surface. 

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Go for both! I had a much shorter history than you and I am only 19 and was approved for an amex and a BaA card. I did amec one day, and the BoA the next. You have a long history and you didn't mention anything negative on your account so I think you have a pretty decent chance at getting approved! Amex first and then BoA. Good luck. 

[hizzaah]

First post on the Forum!

As an undergrad I started with a Discover IT for my first car this past January ($500 limit). This month I applied for the Chase Freedom due to their sign up offer and was initially denied but a quick call to recon got me a $500 limit with them. Last night I was proved for $1000 for an Amex BCE card.

This will be it for me for a while. I also got a new car in Feb and have quite a few HP'S from shopping around. I'm just holding out for limit increases. July is my 6th month with Discover so I'm hoping for a SP increase. I'll do same with Freedom, and then try for the 3x CLI on the Amex after 91 days (mid September).

Good luck! Let's us know how it goes!

[elegia]

I second the Amex! I was in a similar situation when I applied for my Amex BCP last fall - only one item on my credit file, which was a Citi Forward card I'd opened as a student in 2011. I hadn't been diligent about balances and util and such, but I had paid in full each month with no late payments or anything. I took advantage of the $250 signup bonus on the Amex and was instantly approved online. In addition to the card's reward program and benefits, I was glad to be able to start building a relationship with Amex.

Also, I know that Amex and Discover are accepted more and more places each year now, but it might be a good idea to get a Visa as well just in case. I generally use my Amex for any purchases that don't fall under any of my rewards categories since their reward dollars system is pretty user-friendly, but every now and then I have to whip out my Citi Visa at places that only take Visa/MC.

[Denali05]

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@elegia wrote:

I second the Amex! I was in a similar situation when I applied for my Amex BCP last fall - only one item on my credit file, which was a Citi Forward card I'd opened as a student in 2011. I hadn't been diligent about balances and util and such, but I had paid in full each month with no late payments or anything. I took advantage of the $250 signup bonus on the Amex and was instantly approved online. In addition to the card's reward program and benefits, I was glad to be able to start building a relationship with Amex.

Also, I know that Amex and Discover are accepted more and more places each year now, but it might be a good idea to get a Visa as well just in case. I generally use my Amex for any purchases that don't fall under any of my rewards categories since their reward dollars system is pretty user-friendly, but every now and then I have to whip out my Citi Visa at places that only take Visa/MC.

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Thank you everyone for your suggestion. I applied for the Amex Everyday card today and was approved with a $10,000 limit which was a nice suprise.At the moment, I think I will hold off on applying for another card for a while although I do understand your concern about merchants rejecting Amex and Discover. However, the amount of times that I've encountered a merchant that doesn't take either card doesn't justify the hard inquiry, not to mention that the additonal credit isn't too useful to me at the moment.