jyoungs4545

I got some advice for you. Be patient with the rewards, they are harder to get, and if you do get it, they will jack up the interest rates beyond anything.

This is my story:
Turned 18, got the citibank platinum select for college students. 16% no fee 6 months intro of 0% 1,200 credit line
2 months later, by suggestion of my father(who is a loan officer, knows all about building your credit score) I picked up another card, this time from capital one.
Just your average credit card, 20% no fee 200 credit line.

Avoid late payments.
Paying off you balance in full each month will save you a bundle. Doesnt really affect your credit score to much tho.
Keep 2-4 Cards open.
Do not close too many accounts, try to keep them open for at least 2 years before you cancel/close a credit card.

And now here I am, a little less than 2 years later;
I recently recieved the citibank platinum select dividends card. %1 back on everything %5 back on gas/groceries 11% interest rate, no fee, 2400 credit line
A week after I got the capital one Go Cash. 1% back on everything. 10% interest rate, no fee, 5000 credit line.

So Now Im just chilling, building my credit and getting cash back on stuff i would normally buy anyways!

Hope this post helped!

mdocod

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I started at 500 limit on a 11% flat no fee visa when i was 18.... i used it heavily and payed on it heavily for about a year, then stopped using it at all... a year later, I went to use it... and they bumped by credit line up to 2500. same 11% rate, still no fee, not bad for 21 years old i suppose....

I personally hate capitol one, and this has nothing to do with having one of their cards (i don't)... but the mail they sent me non-stop for years... every other day i got something in the mail from them, and to top it off, when i called to ask them to stop, i was like, talking to someone who didn't know hardly any english. Took us 30 minuts for me to explain that I didn't want to receive mail anymore, then another 20 minuts for him to gather information to submit a cancelation request.... then it took 3 months for the actual mail to stop coming.

nakamichi217

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Take caution with credit. But you still need to build credit to get mortage later in life but managing it is the hardest thing to do. I would apply either for a discover which offers cash back incentives or go with Chase Manhatten Bank Visa or a Providian mastercard they are the best and don't have annual fees.

ET1(SS)

True.



Not anymore you dont. Our son just bought a house, the only card with his name on it had been mine.




Or go for the air-miles.

Never pay interest charges, always pay off the balance each month before they add interest charges.

Never own a card with an annual fee.

Never pay any money to the credit card company, just for giving you a card.

bid564

how much credit are u all talking about in student card