Student who's looking to improve credit

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4 posts
burger
 
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Joined: Tue Nov 13, 2012 3:40 pm
Location: USA

Student who's looking to improve credit

Postby burger » Tue Nov 13, 2012 3:43 pm

Hi all

Recently got a Discover card with a CL of $5000 back in June '12. Obviously, I'm looking to increase my credit score but am not sure when it would be time to apply. Currently have a 715 experien score.

A little background:

- A decent amount of money in student loans
- Denied apps for Amex back in Feb '12

What should I do to get my credit history started?


Money card
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Location: New York state

Postby Money card » Wed Nov 14, 2012 8:45 pm

since your a student you have a 715 score what I would do if I were you continue to use your Discover card pay your bills in full as of everyone mentioned leave your Discover card open let the card age. after you graduate from college depending upon what kind of job you get, you may get a job that requires you to travel, they may have you use there company card. after college you can then start to think about a couple more cards do you have any in mind that you want our opinions on?

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Snowman
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Postby Snowman » Thu Nov 15, 2012 12:07 am

Hi Burger,

I dont know if this helps but here is what I have done so far. I recieved my BOFA Cash Rewards card back in April. I used it only for Gas or for small purchases and paid it in full so that the balance would be reported as 0. I did this for 6 months, and then I checked my credit scores. Fortunately, my scores were 720+, and I decided for 2 cards that I believe were very easy to be approved for (the ones in my signature.) and I was fortunate enough to get approved. Do you have an income? do you work part time? what is your history like? Building credit takes a little bit of time, and you have to keep on going. Applying for hard to get cards from Amex and Chase and the like or going to be difficult depending on what cards you apply for, so for right now, just be patient for the first 6 months and then you can see where to go from there.
Cards And Credit History
Bank Of America: BankAmeriCard Cash Rewards-4/25/12-1,000$ (CLI Increase on 6/15/13)
Citi: Forward-10/27/12-3,000$ (SP CLI 2/8/14)
Discover: More. 10/27/12-2,000 (Auto CLI 5/31/14)
Amex: PRG.- 11/24/12 (Closed 12/13/13) Amex BCE.2k-12/7/13. Amex SPG-4k.-12/8/13
Chase: Freedom-2,400-5/1/13. Southwest Rapid Rewards Plus- 3,600- 6/15/13.
Future Cards
Marriott Premier Rewards
American Airlines AAdvantage Gold
Chase Sapphire Preferred
Fidelity Amex


Vermonster
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Location: NJ

Postby Vermonster » Thu Nov 15, 2012 9:08 am

I think the biggest question is your income. Besides that, don't miss a payment on your student loans.
Case Freedom $5k
Chase Sapphire Preferred $5k
Amex Blue Cash Preferred $12.4k
Citi Double Cash $3.1k



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