- Posts: 1
- Joined: Wed Feb 13, 2013 11:37 pm
- Location: New York
I am a college student who applied for a credit card for the first time earlier this week, both Capital One Journey Student Rewards and Discover It for Students. I was denied for both and am waiting for their reasons in the mail.
I was considering trying to build my credit while I wait a few months to either reapply for Discover It or apply for Chase Freedom. I see a lot of advice that says to get a secured card to build credit, but as my first card, wouldn't I be penalized if I eventually close it? (I wouldn't want to hang onto it forever...)
I have some student loans (Federal Subsidized and Unsubsidized) that I can start paying down, but they are not yet in repayment--will this help improve my credit score?