againstthecurrent wrote:I went on an AoR this weekend and added the Chase Freedom ($1.2k) amazon.com Chase ($2k), and the Discover It chrome for students (measly $500), another online store card ($600). Cards I already have are a Kohl's Charge, a VS card, and Wells Fargo student CB card. I also applied for the 2 CB BoA student cards but got the application pending notification
Stop apping right now. The fact that you went from a $2k approval to a $500 means you are starting to push your luck. You are only going to hurt yourself more if you keep going. You don't have the file or the income to support much more. You may think having the card is good even if it is at $500, but 2-3 years from now it might prevent you from getting the cards you "need."
againstthecurrent wrote:I hear barclays doesn't like a lot of HPs and likes lengthy account histories (my AAoA is 6-7 mo.) so I'm not sure if I should bother right now. But it is a student designated card, so maybe they'll be more lenient? I get about $13k/year from school financial aid (no loans) and I don't pay rent, i'll be getting a job soon but I know that doesn't help me right now. I have 2 checking accounts and a savings (some CC apps ask, so it probably counts for something). Should I hold off on this card? I know this isn't a Barclays staff forum but I just wanted some opinions.
Claiming financial aid as income is always risky. If it doesn't appear as income on your taxes then you really shouldn't claim it on your credit card app. I know others will tell you differently, but I prefer to be able to back anything up with tax documents if needed. THen again I don't think you should app any more so income is irrelevant.