New to credit cards, want tips/help!

For just about anything you want to get off your chest about credit cards.
3 posts
St. Peter's Student
Posts: 2
Joined: Wed Feb 29, 2012 12:16 am
Location: New York City

New to credit cards, want tips/help!

Postby St. Peter's Student » Wed Feb 29, 2012 12:31 am


I am 21 years old and am new to credit cards. It has been two months since I have been approved and started using my Capital One Secured Mastercard. I have a credit of only $200, but Capital One said they will increase my limit with good payment history. It's not much, but it's a start!

I have been using only 30% of my credit and paying in full, through multiple payments spread out over the month. I have decided to apply for college and I am awaiting their responses (wish me luck!!). Anyway, by the time I should enter college I should have at least a 9 month credit history with this capital one card. At this point, I am planning on applying for another card. I have two questions:

  1. I am looking for cash back/rewards. Do you think I should get a "student" card (Capital One Journey has a good cash back deal!) or just forget it and apply for a regular cash back/rewards card? If so, which one?
  2. Will a 9 months of good credit be enough to be accepted for most regular/student credit cards? Do you think I will have a good credit score (if I used only 30% of my credit, make regular payments, and have no balance due at the end of the month)?

Green Member
Green Member
Posts: 17
Joined: Tue Jan 24, 2012 12:04 am
Location: Kennewick, Washington

Postby logan|20 » Wed Feb 29, 2012 6:21 pm

When I had started building credit, I instantly applied for the Journey card, with no credit history. I was approved and then 5 months later they gave me another $250 since I was enrolled in the credit steps program.

About a month after getting the CLI I app'ed for the BofA Student Platinum Plus and was given $600 and that was in August. So its been less than 6 months now. Recently I went into my account, and started a Chat, and even though it hasn't been 6 months, they were able to bump be over to a 1, 2, 3 Cash Rewards card, with no HP required.

So since YMMV, If I were you, I might try for the Capital One Cash Rewards card, there are two of them. One has a $39 AF that is made for Average Credit, and the other has a $100 Cash Back bonus after spending a certain amount in a certain time. However, that one is for people with Excellent credit. Both are MasterCard's. With the exception, the one for excellent credit is a World MasterCard, so the starting limit would be $5,000. Similar to the Visa Signature.
American Express Zync | NPSL
BofA Cash Rewards | CL: $1K
Barclay Finance Card | CL: $1.7k
Amazon Store Card | CL: $1.5k
Credit Union Visa | CL: $1K
Capital One: Sony PlayStation | CL: $500

St. Peter's Student
Posts: 2
Joined: Wed Feb 29, 2012 12:16 am
Location: New York City

Postby St. Peter's Student » Wed Feb 29, 2012 10:23 pm

Thank-you! :)

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