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Regular Contributor
Posts: 243
Registered: ‎02-29-2012
0

Student: Citi or Bank of America ?

My Discover Student More finally reported for the first time since opening it in Sep 2012. I am looking at applying now for another another student card and garden until Fall 2013. I have 4 inquiries on my EQ, 3 on my EX, and 5 on my TU. Three recent inquiries (last six months).Util. is 50‰. AAOA is 3 months, oldest tradeline is 9 months.

I am interested in Citi Forward Student and BankAmericard Rewards Student credit cards. I was told by another member to wait until Discover reported my $1,000 cl so that any newer card would most likely meet or exceed that cl.

Which one would I have better chance of getting approve?
Zync from American Express- NPSL
Amex BCE- $1,000
Discover IT- $1,500
Bank of America 1-2-3 Rewards-$1,000
Chase Freedom- $500
Capital One- $500
Regular Contributor
Posts: 180
Registered: ‎05-06-2012
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Re: Student: Citi or Bank of America ?

Neither, be better than me as a student and go with a credit union. Go ahead and build your history now with a credit union, that way when the time comes to apply for more important loans such as a mortgage, personal loans, auto loans, etc you will be better suited than going with any card from Bank of America or Citi.

 

I would suggest looking for a way to join Navy Federal. If unable to join Navy Fed look at Pentagon Federal and USAA.



Starting Score: EQ 675 | TU 688 | EX 702
Current Score: EQ 734 | TU 738 | EX 719
Goal Score: 750 (Across All 3)


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Valued Contributor
Posts: 2,505
Registered: ‎11-11-2010
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Re: Student: Citi or Bank of America ?

Citi Forward is easier to get but I highly recommend you wait 3 more months before applying.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Regular Contributor
Posts: 243
Registered: ‎02-29-2012
0

Re: Student: Citi or Bank of America ?

Thanks, I think I should garden until next year. :smileyhappy:
Zync from American Express- NPSL
Amex BCE- $1,000
Discover IT- $1,500
Bank of America 1-2-3 Rewards-$1,000
Chase Freedom- $500
Capital One- $500
Established Contributor
Posts: 869
Registered: ‎07-04-2012
0

Re: Student: Citi or Bank of America ?

 

You have high util with recent inquiries and no history at all. Try waiting 6 months at least and then go for citi forward and cash rewards if you want. By then, with low util, you will surely get approved.

 

I do not recommend you bank of america at all but if you want the rewards they offer, you may as well get good use for that card.

 

If you manage to get these 6 months of good history with discover, it is possible for your score to be in the 700s area.

 

Fico Scores: . Walmart TU 748 . Garden 8/19 2014 .

Cap One Journey 500 | Discover IT 500 | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 7.5k | Barclays Apple 2.5k | BoA CR 2.7k | CSP 7.2k | Platinum Prestige 5k | IT Chrome 4k | Slate 2.3k |
Regular Contributor
Posts: 123
Registered: ‎07-22-2012
0

Re: Student: Citi or Bank of America ?

Definitely the Citi Forward before any Bank of America credit cards. Then try for amex blue cash or chase. 

Jun 2012 FICO® ~ 734 EQ
Sep 2012 FICO® ~ 684 EQ; 734 TU
Oct 2012 FICO® ~ TBA

Goal for 2014 ~760+

Trying to stay in the garden...but also trying to get as many apps as possible for now :smileywink:
New Contributor
Posts: 118
Registered: ‎11-01-2012
0

Re: Student: Citi or Bank of America ?

what dose the garden mean?

Valued Contributor
Posts: 2,505
Registered: ‎11-11-2010
0

Re: Student: Citi or Bank of America ?

Not applying for credit card, loan, CLI, etc.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
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