Welcome to the forum! Congrats on your approval and welcome to the Discover Family!
I agree with myjourneym, cap 1 pulls all 3 bureaus and there might be other cc's with better rewards. Citi Forward is excellent.
I agree with myjourneym, cap 1 pulls all 3 bureaus and there might be other cc's with better rewards. Citi Forward is excellent.
@Anonymous wrote:
Also, I am more drawn to the BOA cards. I want just a classic "platinum"-like card, like the standard Bankamericard. I don't want to/nor do I get to excited by all these rewards cards because what can you really earn? As a college student, maybe ~$25 a year? As an adult with high income and credit (like my parents), maybe ~$500 a year? A nice gift card somewhere? To me, rewards cards aren't worth the effort because, after all, if you qualify for some really high end card with some great limit, then you most likely don't need the points. But, as my parents do have Amex Platinum, I am very aware of the exceptional services that those cards provide. And the free bags with the Skymiles card is amazing! I can't wait 'till I'm able to get a Skymiles or United Explore etc for myself some day just so I can get those added perks on those cards.
I have a BoA card and their main selling point is the rewards structure. If you just get the regular platinum with no rewards, there's nothing special about it and every time you want a CLI you have to take a hard pull (and they don't auto-CLI). In your situation, I would recommend getting a platinum card from a credit union. Credit unions are forbidden by law to charge more than 18% interest and you'd probably have an easier time getting accepted.
Starting Score: TU: 566
@Anonymous wrote:
Yeah I go to a 4 year college. Part of the app asked me to upload an official school correspondence, and I found a really good one I have that even had the last 4 of my ssn on it. I literally checked back on their system within 2 hours and I was approved.
But my worry is that most other apps are not as user friendly as discover. I have looked at the ones for Citi and BOA, and they are a big daunting! My primary question right now: do you include scholarship money as income? Right now, my income is about $2k from a PT job and $5k from parental allowances (transferring money to my personal checking each month). But if I included scholarship, which would be very easy to verify as it is the official document that I provided to Discover, my "income" would be quite substantial, considering I go to a private university. I have read on other sites that you should include scholarships and grant monies received as income, but I just want to be sure. Could you please answer this for me? And also I've read the line "why would you want to do that to be able to go into debt further?" But please, my intention in applying for a card like the Forward is to have it sit in my drawer and pull it out every once in a while to buy some lunch with it or something just so it looks like I'm using it and paying it down every month to build my score and history. If I need to make a large purchase, I have the money in savings. I'm very aware of the dangers (and rewards) of credit.
As a college student myself, I did include income from odd jobs, scholarship, PT job, financial aid, and help from family on most of my current CC apps. It is a gray area, and things could go different ways. One thing I noticed when I app'd for CCs is the disclaimer that "you do no need to disclose any other income such as child support, etc unless you want those to be considered on your application." In my humble opinion, having a lot of CCs as soon as you can will benefit you in the future, kind of like a stock porfolio. Of course just don't use the CC like a typical college student who maxes out their CCs, but I trust you.
Also, I am more drawn to the BOA cards. I want just a classic "platinum"-like card, like the standard Bankamericard. I don't want to/nor do I get to excited by all these rewards cards because what can you really earn? As a college student, maybe ~$25 a year? As an adult with high income and credit (like my parents), maybe ~$500 a year? A nice gift card somewhere? To me, rewards cards aren't worth the effort because, after all, if you qualify for some really high end card with some great limit, then you most likely don't need the points. But, as my parents do have Amex Platinum, I am very aware of the exceptional services that those cards provide. And the free bags with the Skymiles card is amazing! I can't wait 'till I'm able to get a Skymiles or United Explore etc for myself some day just so I can get those added perks on those cards.
Actually, rewards do add up if you use it right with the rest of your rewards card, which could be enough to buy gifts for Christmas.
If most of expenses are paid by your parents, then you're right. But if you're like me who pay for everything, then racking up points won't be that hard.
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