College Student looking to get first Credit Card

For just about anything you want to get off your chest about credit cards.
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liberate
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Re: College Student looking to get first Credit Card

Postby liberate » Mon May 04, 2015 1:19 pm

Congrats on the approval; Discover was my first card and I've enjoyed it so far. In regards to traveling, I've always read you should ensure that your card network is accepted in the area you intend to visit. Maybe it's not a concern anymore, but I'd double check. Visa and MC are usually regarded as the most widely accepted over Discover. Additionally, EMV chip cards are quite prevalent in Europe, and IIRC the mag strip will be phased out eventually. Discover is switching to chip cards this year, so just be aware of that as well.

Cheers
It: $19.5k
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darkguy2
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Re: College Student looking to get first Credit Card

Postby darkguy2 » Mon May 04, 2015 2:22 pm

Discover has already made the switch to chip cards. All new cards have it included.
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liberate
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Re: College Student looking to get first Credit Card

Postby liberate » Mon May 04, 2015 3:20 pm

darkguy2 wrote:Discover has already made the switch to chip cards. All new cards have it included.


Indeed. Poor wording on my part; my brain was hung up on what I read earlier where they're sending out the new cards throughout this year to existing members. New members will get one right away.
It: $19.5k
TrueEarnings: $12k
Sallie Mae: $5k
Freedom: $2.5k

Best Buy: $8k
Kohl's: $0.8k

Discover TU FICO: 754 (6/2015)
Building credit while completeing grad school. Three long years to go...

Tasha89
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Re: College Student looking to get first Credit Card

Postby Tasha89 » Tue May 05, 2015 9:42 am

liberate wrote:Congrats on the approval; Discover was my first card and I've enjoyed it so far. In regards to traveling, I've always read you should ensure that your card network is accepted in the area you intend to visit. Maybe it's not a concern anymore, but I'd double check. Visa and MC are usually regarded as the most widely accepted over Discover. Additionally, EMV chip cards are quite prevalent in Europe, and IIRC the mag strip will be phased out eventually. Discover is switching to chip cards this year, so just be aware of that as well.

Cheers


Yeah, it looks like Discover is accepted in the countries around France, but not France itself. :/

I'll stick with just this card for a while, but for future information: How long should I wait before applying for another credit card? Should I wait for the inquiry to fall off my record (two years right?)
Discover IT for Students: $2,000

Vermonster
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Re: College Student looking to get first Credit Card

Postby Vermonster » Tue May 05, 2015 10:07 am

Generally an inq looses its negative impact after 6 months with a FICO score. Vantage scoring says 2 years, which is one reason that the scores can be so different.
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