I'm a 19 year old college student who has recently tried laying the groundwork for his non existent credit history. As per the recommendations seen in these forums, I opted for a card with the very same crediting institution where I've maintained a savings/checking account for some time, Chase. With that in mind, I applied for the Chase Freedom. After waiting a day or so, I called in to find I was denied on the grounds of having no credit history at all. Having anticipated such a response, I went to work calling all the app recon numbers I could find to plead my case with CS reps to no avail. Heck, I even offered one of them a candlelit dinner, needless to say she declined (damn culture barriers :cool
So, I'm delving into alternate routes to establish myself in the credit world so I could one day perhaps apply for these second tier cards. I've lined up a number of options that could serve my purpose and the list is as follows:
Discover more student card, Household Bank reward card, Capital One No Hassle Cash Rewards card, and Citi Forward for College Students.
I've read the majority of reviews on these cards, and as of right now I'm leaning towards the Household Bank rewards card
as I've already pre-qualified for the secured card version and the 2% back isn't too shabby. The bulk of my purchases come from online shopping using PayPal as a medium, yet the forums seem to look poorly on their card so I let that option go. Other then some online shopping, I purchase gas and not much else (rarely do I go to any of the retailers listed in 5% cash back categories).
With all this in mind, is my rationale headed in the right direction? That is, have I selected the best cards with regard to assurance of getting accepted/rewards offered? If not, please advise otherwise. Moreover, is it foolish to make another hard inquiry into my credit history after being denied only a week ago? If so, how long should I wait? Any insight is appreciated. Thanks.