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Super Contributor
Posts: 5,759
Registered: ‎01-28-2008
0

Re: Where to start with credit?

 


96Firebird wrote:

Just wanted to give a little update and say that I applied for the card I mentioned earlier (Citi Dividend Platinum Select Visa Card for College Students) and got approved instantly for a $4k limit.  My APR after the initial 0% for 7 months is 19.99%, but that doesn't matter to me as I'll never carry much of a balance, if any at all.  Glad I can finally start my credit history.


Congrats!

 

Valued Contributor
Posts: 1,291
Registered: ‎05-13-2010
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Re: Where to start with credit?

 


96Firebird wrote:

Just wanted to give a little update and say that I applied for the card I mentioned earlier (Citi Dividend Platinum Select Visa Card for College Students) and got approved instantly for a $4k limit.  My APR after the initial 0% for 7 months is 19.99%, but that doesn't matter to me as I'll never carry much of a balance, if any at all.  Glad I can finally start my credit history.


Citi does an account review every 9 months, and there's a good chance that 19.99% APR won't last for long.

 

BofA Cash Rewards VS - $25k/9.99% | Citi Dividend World MC - $12.1k/11.99% | Amex BCE - $20k/10.24% | Chase Freedom VS- $10k/15.24% | Barclay Ring $5k/8.0% | Discover it - $21.5k/11.99%
Moderator Emeritus
Posts: 4,470
Registered: ‎12-31-2008
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Re: Where to start with credit?


Spiffy88 wrote:

Not to hijack this thread, (and not to hijack it with this answer, either) but I'm about in the same boat except that I don't even have the benefit of loans, so my credit history has zip/null/nada on it.  I'm 22, just out of college, and well-employed (middle x0,000s) and I have no credit history.  Yes, dumb, I know.  No student loans either.

 

I've been looking around trying to find the best cards that I could conceivably be approved for and would help build my credit.  I'm pretty much a total newcomer to the credit field, so I'm not exactly sure what I should be looking for.  My eventual hope is to get Amex Blue, so I've been considering an Amex Zync, but I've been pre-approved at my bank (US Bank) for a Visa Platinum card, so I'm not sure if that is worth considering as well?  USBank Visa Platinum is a great card and USBank has lots of fans on these forums!  Also, they pre-approve based on your history with them so that's a great starting point when you don't have a credit history.  That being said, the fine print on their pre-approvals states that they may or may not pull your credit report.


I'm hesitant to apply for credit cards because if I'm not mistaken, credit card rejections are recorded on your credit history (not true) and I'd rather not get started off on the wrong foot. Smiley Sad


Thanks!  Best wishes!

 


 

Just puttin' syrup on something, don't make it pancakes.
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