@Anonymous wrote:
I have a very thin file.. However I have been approved for 3 CCs in the past six months and they are great!!
My credit file started in September 2015, with a $2,500 student loan that grew to $5,500 after winter semester.
This June I bit the bullet opened an Old Navy card in store where I work, on a $15 purchase, nonetheless. No Visa and only $400 limit, but thats okay, becuase I barely put $100 on it each month (it works in-brand only) and pay it off immediately. Highest util was 28% when I put my fam's back-to-school clothes on there.. But usually like 15%. No issues.
September 2016 another student loan of $3250 hit my account- same as usual although my credit took a bit of a hit from it becuase it reported as a new account..
Fast Forward to last week, just app'd with Chase in brach for the Freedom Unlimited, sent for further review. I was kinda upset I wasn't approved so later that day I app'd online for the BofA Cash Rewards for Students card. Instant approval, $1,200 CL!! Was super happy, even though $1,200 is little low if I wanted to keep a low util. Fast forward two days, after calling Chase they said I'd have to sign and re-send them documents and wait, I called the auto-app line next day and it said I was approved! Called in to have my card rushed for school and found out I was apporved for $2,500!
I feel like this isn't typical for a lot of people, but I tried my best with the card I had and I was approved after just six months for two new cards, both of which are actually pretty decent, non-starter cards! YMMV, but I've had good luck since I took care of the little bit I had.
AAoA: 9 mo.
Reported income: $26k (I really only make $10k but I claimed my $16k yearly scholarships..)
TU: 654 EQ: 675 EX: 699 (According to BofA report that came with my new card)
Sounds like we're in a similar boat. Were you a customer already with either Chase or BoA? When I setup an account at Chase the banker confirmed that a relationship is a factor.
Do any banks have written documentations about including scholarships specifically? Including that would help me out insanely I'm sure. I will ask this at Chase in the near future.
Cap1's app says
You may include personal income, which is income you have earned, including full-time, part-time, or seasonal jobs, self-employment, interest or dividends, retirement, and public assistance. You may also include shared income, which is money from somebody else that is regularly deposited into your individual account or into a joint account that person shares with you. If you are 21 or over, you may also include somebody else's income that is regularly used to pay your expenses.
Chase's app says
You don't need to include alimony, child support or separate maintenance if you don't want us to rely on it.
Your gross annual income can include money received from several sources. Some examples of income are: salaries, investments, social security benefits, or retirement. If you are 21 or older and regularly use income from others to pay your bills, you can include that too.
BoA's app says
Alimony, child support or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repayment.
