topic Re: Getting a Citi DC as a student? in Credit Cards

Getting a Citi DC as a student?

Anonymous — Sun, 27 Sep 2015 06:58:34 GMT

My girlfriend is looking for a good CB card and is considering the Citi DoubleCash. Here's the thing though; she is a student so she is not making any income at the moment. Would this prevent her from getting a Citi DC? Do they offer DC's to students? She's worked a few years and uses credit cards, just needs an alternate to her Amex...how is Citi when it comes to low/no income? What would she put in the income box of her app?

Re: Getting a Citi DC as a student?

Anonymous — Sun, 27 Sep 2015 07:07:07 GMT

If she has zero income how exactly does she plan on paying her credit card bill? If she has no income then truthfully $0 should go in the income box which I imagine would lead to a denial.

Re: Getting a Citi DC as a student?

kdm31091 — Sun, 27 Sep 2015 10:45:40 GMT

How is citi when it comes to no income? Same as any lender....youll be declined.

Unless she can provide a household income if she doesn't live alone, she wont be approved.

Re: Getting a Citi DC as a student?

mitchblue — Sun, 27 Sep 2015 10:48:49 GMT

How does she even pay here Amex? With 0 income? And plase don't say you do..

Re: Getting a Citi DC as a student?

Sharingan — Sun, 27 Sep 2015 14:08:09 GMT

I just don't see it happening with no income, unfortunately. It is certainly possible to get their cards as a student though as long as there is income that can be proven. I picked up 3 of my Citi cards during my last 2 years in college, but I had well established income and history with an employer I had been with since I was 16 in high school.

If you really want her to have a DC, you'll probably need to get one yourself and add her as an AU. I believe there is a minimum age of 21 before she can include other income available to her (household).

Re: Getting a Citi DC as a student?

Anonymous — Sun, 27 Sep 2015 14:27:00 GMT

Re: Getting a Citi DC as a student?

Anonymous — Sun, 27 Sep 2015 15:54:03 GMT

I hope this doesn't turn into a debate about whats ethical or not.

Do your parents pay your credit card bill? Or help out? If so, it is completely legal to use their household income. It even states list all sources of income available to you, and that would be theirs if they are helping you pay the bill. Citi is also pretty good about students, at least they used to be with their forward card. Not sure of their exact student offerings.

If her scores are good, then I would go for it. Otherwise she may have to go somewhere that accepts a joint application.

Re: Getting a Citi DC as a student?

OmarGB9 — Sun, 27 Sep 2015 16:01:17 GMT

^Only if you're 21 and older. If under 21, you *cannot* include other income as your own.

Re: Getting a Citi DC as a student?

icyhot — Sun, 27 Sep 2015 18:50:08 GMT

Is she getting financial aid or things like that to help pay her bills? If so she can use that. And if she's 21, she can use household income as well. I never understood why 21 year olds can use their parents income but not college kids who's parents are most likely paying the bills

Re: Getting a Citi DC as a student?

Anonymous — Mon, 28 Sep 2015 00:29:17 GMT

Following because I'm interested in Citi after I garden awhile.

Re: Getting a Citi DC as a student?

Anonymous — Mon, 28 Sep 2015 20:27:27 GMT

First of all, side note; she's in grad school and has already worked for several years. Not a fresh face outta high school She has some good credit history also, too as a result.

She pays off her bills from her financial aid. Even students gotta eat...but she pays for herself, not her parents. She has financial aid + savings.

Re: Getting a Citi DC as a student?

Anonymous — Mon, 28 Sep 2015 20:38:48 GMT

So she has income lol That would have cleared up a lot of confusion from the start. She should be able to use financial aid as mentioned by others.

Does savings count as income since its money you already have? I'm not sure.

Re: Getting a Citi DC as a student?

Anonymous — Mon, 28 Sep 2015 21:26:07 GMT

Ah I did not even think to use the financial aid as income. Good thought.

Re: Getting a Citi DC as a student?

nightglider — Mon, 28 Sep 2015 21:44:56 GMT

@Anonymous wrote:
So she has income lol That would have cleared up a lot of confusion from the start. She should be able to use financial aid as mentioned by others.

Does savings count as income since its money you already have? I'm not sure.

Indeed it does. I had to recon for the DC and when I did, I made it clear that part of my reported income was liquid assets.

Re: Getting a Citi DC as a student?

Anonymous — Mon, 28 Sep 2015 21:52:11 GMT

Cool, never knew. Thanks

Re: Getting a Citi DC as a student?

Anonymous — Tue, 29 Sep 2015 19:01:08 GMT

@nightglider wrote:
@Anonymous wrote:
So she has income lol That would have cleared up a lot of confusion from the start. She should be able to use financial aid as mentioned by others.

Does savings count as income since its money you already have? I'm not sure.
Indeed it does. I had to recon for the DC and when I did, I made it clear that part of my reported income was liquid assets.

How do you report this on your app? Say you get $X / year in financial aid, and then you have liquid savings which you use to survive of $Y. Do you just add X+Y? Cause obviously the next year, Y will be less...

Re: Getting a Citi DC as a student?

Anonymous — Tue, 06 Oct 2015 04:18:06 GMT

FYI as an update my GF was approved for the Citi DC with a 2K limit . Not sure what exact value she put in the income box but it was savings + financial aid.

Re: Getting a Citi DC as a student?

OmarGB9 — Tue, 06 Oct 2015 04:27:22 GMT

Grats!

Re: Getting a Citi DC as a student?

Anonymous — Tue, 06 Oct 2015 04:32:00 GMT

It asks for monthly income. How would savings be calculated into "monthly income" when it is really just money you already received, instead of a steady flow of income?

Re: Getting a Citi DC as a student?

Anonymous — Tue, 06 Oct 2015 04:46:00 GMT

I believe it asked for annual income and monthly rent. I also recall that from my own Citi apps.