^^if he cant get a crappy credit card he's probably going to have trouble getting overdraft protection

11/20/2005 4:23:51 PM

Quote :

"Ronny All American 12632 Posts user info edit post Don't get a credit card. 11/18/2005 9:46:26 PM rjrumfel All American 11929 Posts user info edit post There is no best credit card 11/18/2005 9:52:18 PM RhoIsWar1096 All American 835 Posts user info edit post no credit card or if you're serious, get one at your bank "

11/20/2005 4:41:08 PM

Quote :

"However, you have to be military and such to get one"

nah just have a family member that was once in the military

11/20/2005 5:14:02 PM

Quote :

"if he cant get a crappy credit card he's probably going to have trouble getting overdraft protection"

Actually, banks are much more apt to give overdraft protection than credit cards.

11/20/2005 9:48:04 PM

if he is getting deined for multiple cards, probably not getting a line of credit from his bank

11/20/2005 10:34:56 PM

i don't think he's neccesarily getting denied, just not automatically accepted from the web applications.

11/20/2005 10:39:44 PM

i was actually looking to do this over break as well

1/2/2006 7:12:40 PM

im thinknig about the amex one card. 1% of purchases get deposited into a high yield (3.5% apy) savings account.

I figure this is probably the best reward, as i dont think i can rack up 25,000 points to get airline tickets or anything worth using (not these stupid ass $10 gift cards some people offer) in the time limit most cards put down.

yeah, 1% isnt much, but its about the same as most rewards programs if you convert the rewards to cash value.

1/2/2006 7:32:26 PM

American Express is very nice. Amex Blue is a really pretty card, but the one for students doesn't offer very many comps. It has a RFID in it though! My Wachovia Debit was my first card, and Amex was my first credit card... it was really nice, since EVERYWHERE accepts visa, but really essential places accept american express, so it helped me not spend frivilously

1/2/2006 7:51:54 PM

I have the Citi Bank MTV U credit card...so far I've had no problems with it...and I like the benefits as well. It's different then most student cards because you actually get rewards with it...most student cards are just there...

1/3/2006 10:47:24 AM

When I went to get a loan to buy my townhouse I was suprised that they looked negatively upon the fact that I did not have ENOUGH credit cards.

I had three cards that had never been past due. I had paid off all of them and ceased to use them for at least six months prior to purchasing the townhouse thinking it would improve my debt/income ratios. BIG FUCK UP. The mortgage company did not want to count them because I did not have any "revolving debt" for them to qualify me with. I was thinking WTF I have plenty of $ in the bank and the mortgage company wants to hold it agianst me that I have not been charging purchases on interest carrying credit cards.

The lender said optimally what they wanted to see was at least three cards that had been open at least two years. They should be in good standing and less than halfway to the credit line but not unused as mine were.

She managed to get me what they call an "exception" to qalify my loan despite my lack of rent history and recent credit history. The only reason she could do that was because I was putting enough money down.

Anyway, the moral of my post is that people who say credit cards are the devil are wrong. After school most of us want to make larger purchases (housing/vehicles) and that is not the time to just start building a credit history. The best thing to do is get a card with a modest credit limit and pay it off or at least half of the balance off every month. That will make your scores jump and help you get better terms for more important loans you may need in the future.

1/4/2006 3:20:24 PM

question:

If you're in college, about to graduate, and have no job, can you get a credit card? Or do you have to have a co-signer until you get your own job?

1/4/2006 5:16:00 PM

Try Capital One. I bet they will give you one. Just make sure it does not have an annual fee.

1/4/2006 6:21:35 PM

so do you pretty much just have to accept the fact that when you're starting out you're going to have shitty rates, and as you build credit you can move up to a better credit card? Reading over some of your posts, I don't see how you're getting a fixed low rate just starting, I've looked at Capital One and Citibank, and any student/newer to credit credit card doesn't have anything like that

also, if you get one of those college cards, then graduate in 6 months, does anything happen?

[Edited on January 6, 2006 at 12:25 PM. Reason : .]

1/6/2006 12:03:27 PM

none

1/6/2006 12:12:58 PM

that black Amex!

no, seriously...Chase has a pretty good program for students. I can't remember the details, but i'm sure it's online.

1/6/2006 3:50:46 PM

Quote :

"im thinknig about the amex one card. 1% of purchases get deposited into a high yield (3.5% apy) savings account. I figure this is probably the best reward, as i dont think i can rack up 25,000 points to get airline tickets or anything worth using (not these stupid ass $10 gift cards some people offer) in the time limit most cards put down. yeah, 1% isnt much, but its about the same as most rewards programs if you convert the rewards to cash value."

my savings acct has a higher rate than that.

1/6/2006 8:35:16 PM

I hate Chase. Made the mistake of applying for a student card on campus a few years back to get a crummy t-shirt and a card that had the NCSU logo on it. Never got the card. Got a bill several months later for >$200 with a warning that my payments were over 90 days late, when I never even got the card or charged anything on it. Called the CC company and it turned out they had automatically signed me up for credit card fraud insurance and that was the only thing charged to the card along with several months worth of late fees and finance charges. To make a long story short, it took about 1 year to completely resolve the problem. In the end, they never got one red cent from me and took back all the negative credit reports. Needless to say, you have to stay on top of credit card companies or they will rip you off. I had a horrible first experience, but learned my lesson and now have three cards that are helping my credit for when I get out of grad school and want to buy a house/car.

1/7/2006 11:17:33 PM

I just got approved for a Citibank Chairman card.. it's Citibank's ultra prestigious "black card", similar to the American Express Black Card - except they don't charge you $2000 annual fee. I feel all prestigious now - I'm going to go buy a limo

1/8/2006 1:55:36 AM

There are many ways to build credit. Insurance payments (House and Car,) having a house phone in your name, life insurance payments, cell phone payments. There are a million ways to build credit without a credit card. Its a pure myth that credit cards are the only way to build credit. Don't let anyone feed you that bullshit. NOBODY in the fucking universe NEEDS a credit card.

1/8/2006 2:04:00 AM

^^^^^ Idiot

go pull your fucking credit report and see if any of your cell phone bills or any of that other shit are factored in to the score. bills other than loans DO NOT factor in to your FICO score unless they are in default. Your cell phone bill is not credit because it is not a LOAN.

[Edited on January 8, 2006 at 10:53 AM. Reason : ]

1/8/2006 10:48:12 AM

it's true, cellphone bills and the like dont count for shit.

LOANS only.

1/8/2006 11:00:08 AM