topic Re: [Newbie needs help] When to apply for more credit cards in Credit Cards

[Newbie needs help] When to apply for more credit cards

Anonymous — Tue, 24 Dec 2013 17:17:26 GMT

Hello everyone,

I am still a student in school, but I will be start working mid-next-year.

Currently I have one Discover IT with CL 1600 since Feb 2012 and FICO 725

I had like 10 HPs because of my car loan(darn it), I just managed to paid it off this month.

I have tried to use my CC better and my Credit Utilization is around 10%`15% average.

Discover just gave me really hard time to increase my CL....

And it is not the best card I want to have...

I want three cards the most,

1.Amex Blue Cash Preferred.

2.Chase Sapphire Preferred

3. Chase Marriot

or maybe Barclay reward master card

That fico score is before I got my loan paid off so it is not up-to-date.

When do you guys think I should apply for more card?

Any suggestions will be appreciated!!

Thanks

Re: [Newbie needs help] When to apply for more credit cards

gdale6 — Tue, 24 Dec 2013 17:26:48 GMT

IMHO It would be best to wait till you have a steady work based income prior to apping for more cards, with just student income it will be hard to obtain the cards that you seek.

Re: [Newbie needs help] When to apply for more credit cards

FinStar — Tue, 24 Dec 2013 17:35:38 GMT

@gdale6 wrote:
IMHO It would be best to wait till you have a steady work based income prior to apping for more cards, with just student income it will be hard to obtain the cards that you seek.

Re: [Newbie needs help] When to apply for more credit cards

Anonymous — Tue, 24 Dec 2013 18:01:53 GMT

Thanks...

But with that being said, some of my friends(maybe just lucky...) got more than what listed on there...

And I mean I have 100% tuition grant plus living fee so that is like more than 65k per year of income...

..What do you think ?

Re: [Newbie needs help] When to apply for more credit cards

DavidZeng — Tue, 24 Dec 2013 18:32:02 GMT

I am a grad student as well, and will graduate May 2014. I just applied and got approved for both AMEX GREEN and BCP, with just less than 1 month credit history. Maybe you should try AMEX to lock the 2013. Anyway, it is your decision.

Re: [Newbie needs help] When to apply for more credit cards

DavidZeng — Tue, 24 Dec 2013 18:40:08 GMT

I assume you are a international PHD student based on your info, I think it is quite legitimate to apply for more credit as long as you intend to use them responsibly, many of my friends(current PHD students) have a bunch of credit cards, with single card 10K+ credit. If you like you can read more info on this forum about each card you would like to get.

Re: [Newbie needs help] When to apply for more credit cards

Anonymous — Tue, 24 Dec 2013 22:02:39 GMT

You are so lucky.

Merry Christmas man

Re: [Newbie needs help] When to apply for more credit cards

Anonymous — Tue, 24 Dec 2013 23:38:18 GMT

I would recommend CapOne student card and Chase student card. Student have lower credit requirement. Most likely your car inquiries are treated as single inquiries.

Re: [Newbie needs help] When to apply for more credit cards

DavidZeng — Tue, 24 Dec 2013 23:51:40 GMT

I don't really think Cap student is a good idea, it grows slow and not quite friendly towards students, when I app for Chase, Discover and Cap, I got instant approved for the first two, but was asked to mail or fax them many papers even tax return! Could you please provide more info about Chase student card? I can not find any info about it in my local branch or on their website.

Re: [Newbie needs help] When to apply for more credit cards

Anonymous — Wed, 25 Dec 2013 00:46:29 GMT

You guys are spending an awful lot of money as students to justify the AF on these cards.

Re: [Newbie needs help] When to apply for more credit cards

DavidZeng — Wed, 25 Dec 2013 01:17:30 GMT

I will cancel my Green before the AF in, I easily spent 5000 dollars more on Grocessy every year, so BCP is better than BCE for me, actually and with 5% categories with chase and discover it will save me a few hundred money.