Ask for limit increase or apply for 2nd card?

For just about anything you want to get off your chest about credit cards.
13 posts
CollegeKid
Green Member
Green Member
 
Posts: 6
Joined: Thu Aug 06, 2009 7:54 pm
Location: Portland

Postby CollegeKid » Thu Aug 13, 2009 7:37 pm

Mrs. GoodCash wrote:Yikes, you can't fudge on the credit card app College Kid. When you sign the App, you're normally promising under "penalty of perjury" that the info is correct. So don't commit perjury. I don't know what your credit score is, but you seem to be in a big hurry to boost your credit? There are alternatives. Have one of your parents co-sign on a card (providing their credit is OK). And you can also now BUY someone else's credit history for a fee and make monthly payments for six months. This can boost your score 50 - 100 points. You get to choose the credit history you want to buy. You can also consider a "store" card like Best Buy/Old Navy/Home Depot. Again, read the fine print before you commit. And be careful about applying for too many cards trying to win approval, that can also drastically affect your credit. Good luck, Kid!

Sara Jane
[email="mrsgoodcash@gmail.com"]mrsgoodcash@gmail.com[/email]



I don't mean to "fudge"! I'm technically still "dependent" on my parents because I'm still in school. I have my own income, but that just goes to savings and personal expenses.

What I'm mainly concerned about is how my high utilization will affect my credit score. Even though I always PIF, my level of utilization is considered to be too high. So what I essentially want is a higher limit (which USBANK won't give me because A: It's a college card/I'm a student & B: My utilization is high) that isn't necessarily for more spending power, but provides a cushion so that I can continue my normal spending habits without worrying about high utilization.

Would it be smarter for me to just not use my CC for everything and pay with debit instead?


User avatar
Cucumber
Centurion Member
Centurion Member
 
Posts: 567
Joined: Tue Apr 22, 2008 12:44 am
Location: Zuma

Postby Cucumber » Mon Aug 17, 2009 2:51 am

You don't want to stop using your CC altogether because inactive accounts don't count like active accounts do on your credit record.

if you are dependent on your parents I think you are allowed to mention household income. If your permanent residence is still their house then I dont see why not. If they ask for individual income though yeah you are probably screwed unless you have some gig in school that pays insanely and being that i'm in college I know there are like no jobs out there for us that pay anything decent at all!
OBAMA
Stop talking crap about him!

User avatar
Mogul of Pineapples
Centurion Member
Centurion Member
 
Posts: 1271
Joined: Sun Jun 01, 2008 11:32 pm
Location: Smogland

Postby Mogul of Pineapples » Mon Aug 24, 2009 11:07 pm

You know what call them and ask to clarify the "household income" definition. I think it might actually not be fibbing because it seems like the definition means everyone that lives in the house. I would ask them and if it's true I would then go and apply for a new card using that total amount.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 2 guests