Credit Cards

[NewKid4Credit]

I went ahead and applied for my first card ever the BofA Platinum Plus thinking everything would be fine and dandy but just called them, they said I would be recieving a letter for me and a Co-Signer to fill out and send back and only THEN I might be approved.

Sigh. I was hoping to go out on my own without the need to lean on someone elses credit.

Is it a bad idea to look for another card that doesn't require a co-signer and app to that one whilst this on with BofA is in process?

or should I just wait this out and choose my co-signer wisely...I can't think of anyone though.

[MGTR420]

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NewKid4Credit wrote:

I went ahead and applied for my first card ever the BofA Platinum Plus thinking everything would be fine and dandy but just called them, they said I would be recieving a letter for me and a Co-Signer to fill out and send back and only THEN I might be approved.

Sigh. I was hoping to go out on my own without the need to lean on someone elses credit.

Is it a bad idea to look for another card that doesn't require a co-signer and app to that one whilst this on with BofA is in process?

or should I just wait this out and choose my co-signer wisely...I can't think of anyone though.

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I would also consider the Discover More student card, only if you dont have a a large amount of student loans debt. 

Edit: Discover also was the only credit card company to accept me when I was 18. I was even denied for crapital one.

[Wolf3]

You should apply for the BofA secured card rather than looking for a co-signer. 

[chelseakay]

My first card was the CapitalOne Journey card that I got 9 months ago. I had no credit at all. It even has rewards. I'd give that a shot.

[espnjunkie]

Alot of cards will require a cosigner if you are under 21. I think some student cards might not though

[CreditChampion]

Yeah I would try to find a cosigner and try applying for Cap One Journey. Do you have a source of income?....that could be the problem why they are asking for a cosigner.

[espnjunkie]

While I definitely understand the benefits of getting your credit started early, I would caution the notion that all students should be getting credit cards. Although student cards generally have lower limits, being a student without a full time job/having an income to pay monthly bills poses a risky situation. Yes students have to learn to become adults, but it is so easy to overspend and set yourself years behind in your credit because of a late payment or collection. As a student you are likely already taking on debt to fund yourself and piling on credit card debt just makes matters worse. I feel like it might be better to wait until after university when a person has a full time job to get a credit card without a cosigner. YMMV of course

[NewKid4Credit]

I have a bi-weekly income of at least $700 and don't have any student loans

[CreditChampion]

I would try for Cap One Journey if that fails Boa secured.

[espnjunkie]

try the capital one cash rewards for newcomers card? Easy to qualify for, no annual fee, and gives you cash back