Second credit card for a 20 year old student?

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Second credit card for a 20 year old student?

Postby mattyfo0z » Mon Jun 18, 2012 6:06 pm

Hello all.

I've been doing a lot of research on these boards but I'm feeling a bit overwhelmed with all the different choices of cards out there, specifically deciding which one fits me best. I checked my credit score for the first time about a month ago and it was at 692. The only negative things I have on my credit history were 2 hard pulls for applying for a credit card at two places trying to get tires for my vehicle. Stupid on my part, especially since they were only about 2 weeks apart, but as the saying goes... live and learn.

A little info about me; 20 years old, current college student, only credit card I have is a Capital One Journey with a $300 limit. It was a good first card for me to get the ropes of a credit card and the rewards programs etc, but now I think it's time to get a second card with better rewards and a higher limit (gets a bit annoying having to pay off my card twice, sometimes three times a month).

So far, after reading a bunch on these forums, I can't really find out which card is best for me. I think the most important aspects would be the rewards, simply because I eat out a lot, go to the movies, and actually work at a grocery store (aka I buy more there than the average joe)

So with that said... in your opinion, what would work best for me? Thanks a lot. :D

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Postby fayard2012 » Thu Jun 21, 2012 8:14 pm

Speaking from experience, I would suggest sticking with one card for now until you become fairly financially stable. I suggest this even more so if you have student loans. I had loans when I was in school and had 2 credit cards that used for my living expenses only.

I didn't use it to go shopping and partying. I only bought groceries and used it for any emergencies that came up. I am now in major debt. Student loans in repayment that I cannot pay because all the credit cards I had to get just to live are maxed out and I'm trying to pay them off so I can pay my loans. All of my credit card limits were a lot higher than $300.

I think it's great that you are doing research on this. That shows a lot of maturity. So maybe you can handle 2 cards. But I know how much it stinks to have debt and I don't wish it on anyone. So again, unless you can pay off whatever you spend immediately I would suggest you stick to one card.

I hope this was helpful to you and that I did not offend.

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Postby bmw1990Z » Sun Jun 24, 2012 8:01 am

Cards in my wallet:
-Citi Forward Card for College Students-July 2011
-American Express Platinum Delta Skymiles--July 2013

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Postby lucasoil4u » Mon Jun 25, 2012 9:59 am

What are you looking to get with your credit card? Try an AMEX card. Only apply for one though thats the biggest mistake is people trying to get 2 amex cards at the same time.

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