- Centurion Member
- Posts: 188
- Joined: Tue Jan 10, 2012 7:11 pm
- Location: New York, NY
Why do you think you need a different card right now? As a student, you really don't need all that much in perks, although I guess they are kind of nice to have. But you should consider how much you have to pay in interest if you carry a balance in order to get what perks you get, or what your annual fee costs you to get said perk. If you pay $100 in interest, for example, to get a $100 gift card, what's the point?
My next question would be, how long have you had that card? That factors into your credit score which affects your ability to get credit. If it expires, do they reissue? If you have the card in good standing for x amount of time, will they grant credit in your own name so your mom can be removed from responsibility?
Your credit utilization is great and your credit score (if it is indeed fico and not fake-o) is excellent.
I would sit tight for at least one more year. When you have about six months before the card expires, check with a PNC credit analyst (if you just plain like their cards) and see what they suggest. If they don't or can't make a suggestion, search this site's blogs for recommendations on other cards you might want to consider applying for on your own. Yes, your income will be a factor, but you may still get a card. One advantage of your income consideration is they will ask your annual income. The $7,000 you make in summer makes the $200 a month you make the rest of the year seem bigger. A card of your own might not have a $5,000 limit, but you will have a card that belongs to you. Most importantly, keep your credit utilization under 30% and pay at least the minimum payment (better to pay it off) on time every month.
Cards and Credit lines Acquired:
Escape by Discover (7.75K), Barclay Holland America Visa (7K), Macy's store card (7K), Bloomingdale's store card (2.6K), Citi Custom Credit Line (3.5K), PayPal Smart Connect credit line (2.7K), Chase Freedom Visa (5K), Chase United MileagePlus Visa (5K), Chase Sapphire Preferred Visa (6K), Amazon store card (2.2K), Lord & Taylor store card (550), Nordstrom store card (1500), Gold Delta SkyMiles from American Express (3K), Discover It (6.5K), PayPal Credit Line (1K).