My sister is in her 30's and is looking to get a credit card for the first time. Having gone back to school again, she's in her last year of college and I was initially going to suggest a Discover Student Cashback card (rotating categories, not the Chrome), but I'm concerned she'll be denied due to insufficient income. She's got student loans reporting and has been an AU on our dad's OG Freedom for about a year and a half. Income for 2023 was only a litle over $3250, but she's got ~$12k in savings. Are there any options besides a secured card at this point? Although I used a Discover secured when starting out (rebuild, not a new build like her case), I'm reluctant to have her go that route if we can avoid it With the secured graduating to a Chrome and Discover not allowing PCs anymore the card won't have lasting value. Any suggestions are appreciated.
@Zoostation1 wrote:My sister is in her 30's and is looking to get a credit card for the first time. Having gone back to school again, she's in her last year of college and I was initially going to suggest a Discover Student Cashback card (rotating categories, not the Chrome), but I'm concerned she'll be denied due to insufficient income. She's got student loans reporting and has been an AU on our dad's OG Freedom for about a year and a half. Income for 2023 was only a litle over $3250, but she's got ~$12k in savings. Are there any options besides a secured card at this point? Although I used a Discover secured when starting out (rebuild, not a new build like her case), I'm reluctant to have her go that route if we can avoid it With the secured graduating to a Chrome and Discover not allowing PCs anymore the card won't have lasting value. Any suggestions are appreciated.
I think applying for an unsecured student card is the right way to go; college students are not expected to have a lot of income. The primary purpose of the student cards is to develop the college students as future profitable customers.
If she applies and is denied, it's not the end of the world.
@SouthJamaicaI'll have her do the prequal first and then we'll app for the student card. Even if it's only a $500 limit approved that'll work for now.
