Credit Card question

[BigKev]

What CC would be easier for a 19y/o university student to get ... Visa or MC? Is one better than the other?

 

[acemcmac]

neither in particular... you should have no problem at all getting a card. Everyone I know just called their bank and had them set up a first card. No features, reciculously low limits and horrible rates, but they are gaurenteed not to turn you down if you dont do stupid things like bounce checks all the time. Shop around and apply for a card you like... it's that simple

Then play 6-8 weeks of phone tag with them over SS cards and bank statement letter heads and your're almost there

 

[Hector13]

visa and MC don't offer cards directly (i guess technically they do)... each is just a conglomeration of banks that themselves issue the cards. In any case, if you are going to a relatively big school, I'm sure there will be plenty of companies with booths setup to give out applications during your first week(s) of each semester.

 

[DaWhim]

sign up with those guys on campus. it is almost gauranteed to give you one when they copy your student id.

 

[acemcmac]

Originally posted by: DaWhim
sign up with those guys on campus. it is almost gauranteed to give you one when they copy your student id.

I don't trust them. I fix the average college student's computer... you think I trust them with my SS#???

 

[DaWhim]

what does average college students have to do with that?
that guy on my campus is legitimate and he does that for a living. he is not a student either.

 

[yllus]

This is your first credit card? You might want to read over 'How to build good credit' which is a compilation of advice from various AT posters.

To skip to getting a card, Cardweb.com keeps a list of bank credit cards available on a secured basis in the United States. Try that site first in your search for an appropriate starter credit card.

 

[JohnCU]

Just sign up for one online and put your tuition down as income.

 

[acemcmac]

Originally posted by: DaWhim
what does average college students have to do with that?
that guy on my campus is legitimate and he does that for a living. he is not a student either.

its all frat kids on my campus. they go door to door in the dorms, hand out t-shirts in exchange for each app, and for every app they bring back, the bank issuing the card donates a buck or two to their keg fund. welcome to the fleecing of this nation's youth.

 

[GrouchyLadybug]

Sign up for a student card, from Capital One (my first credit card) or American Express (I have a Blue for Students card). They have low limits that will build over time, kinda high interest rates, but you're pretty much gonna get the card if you apply...since they are student cards, you really don't need much (or any) credit.

 

[moshquerade]

just pay your bill off and you won't hafta worry about interest rates

seriously tho, get a CC with a cashback incentive of some kind. i have a MC - Driver's Edge and i got close to 500 bucks back when i purchased my last car.