Should a college student w/ no cards try for AAdvantage?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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sleepykid
 
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Should a college student w/ no cards try for AAdvantage?

Postby sleepykid » Wed Jul 31, 2013 3:26 am

Hey guys, I'm entering my third year in college and I have yet to actually apply for a credit card.

I've been getting a bunch of mail to open an AAdvantage platinum credit card though.

However, I've looked through blogs/forum/random sites and they mostly say that students should apply for a card with no annual fee.

The AAdvantage visa looks really tempting because of the 50k miles and waived first year. I wanted to hear you're opinions on if it's a good first card to get as a student or should I go for another? If another, what would you suggest?

Thanks for helping out guys

October 16, 2013 Update: The 50k offer is no longer available.



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Z06Biker
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Postby Z06Biker » Wed Jul 31, 2013 4:27 pm

Do you have any credit history? Have you checked your credit score? My gut reaction would be to say no, don't apply for it. But then, there may be other factors at play here that I don't know about.
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Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
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sleepykid
 
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Postby sleepykid » Wed Jul 31, 2013 11:09 pm

umm i have a debit card from a checkings account i opened with a USbank on campus but I don't think it goes on credit score. So, I'm assuming I don't have a credit history.

If I shouldn't apply for that, what would you recommend getting?

tigerhunt2011
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Postby tigerhunt2011 » Fri Aug 02, 2013 1:18 pm

Hey! Welcome to the forum. I'll also be a Junior this fall at U of A in Tucson, AZ :) I've been in the game for 2 years now, and just got approved for my 12th, 13th, and 14th cards today, with 15 and 16 pending approval.

Ignore everyone who says you should go for cards with no annual fee. Cards with no annual fee (for the most part) don't give you big bonuses and allow you to travel for free!! Most cards offer no annual fee *for the first year* so you can downgrade at 11 months, age your credit profile, and get some huge bonuses.

ALL depends on your FICOs. Go to MyFico.com and get all three scores. it's about $60 but is entirely worth it. If all goes well, I'll be on Citi AAdvantage Card number 5 with 1 year AAoA, oldest account at 2 years, 1 month, 35k income, and 730EX, 730EQ and 710 TU at time of application.
AMEX Business Platinum AU-NPSL-07/11
AMEX PRG-NPSL-07/11
AMEX BCE-$2000-07/11
AMEX MB Platinum-NPSL-08/13-->07/11
AMEX Biz Gold Rewards-NPSL-08/13-->07/11
AMEX Biz DL SkyMiles Gold-04/13-->07/11
BofA Alaska Airlines Visa Classic-$2500-06/11
Barclays US Airways Platinum Mastercard-$1500-04/13
Chase Sapphire Preferred-$5,000-08/13
Citi AA Select AMEX-$2000-01/13
Citi AA Visa-$2000-01/13
Citi AA Platinum Select Visa Signature-$5000-08/13
Citi AA Platinum Select World Mastercard-$2500-04/13
Citi Business AA World Mastercard-$1000-08/13
Citi ThankYou Preferred-$2000-04/13
Express-$650-01/12
GECRB Paypal Mastercard-$3500-04/13

tigerhunt2011
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Postby tigerhunt2011 » Fri Aug 02, 2013 1:20 pm

For general info on cards & building credit, poke around on FlyerTalk.

I don't think you'll get approved for the AAdvantage card for about a year. I opened a $500 limit secured card from Bank of America. After 1 year of NOT carrying a balance, perfect payments, and less than 30% utilization, they unsecured it, upped my limit, and I was approved for 2 AMEX cards on my own :)
AMEX Business Platinum AU-NPSL-07/11
AMEX PRG-NPSL-07/11
AMEX BCE-$2000-07/11
AMEX MB Platinum-NPSL-08/13-->07/11
AMEX Biz Gold Rewards-NPSL-08/13-->07/11
AMEX Biz DL SkyMiles Gold-04/13-->07/11
BofA Alaska Airlines Visa Classic-$2500-06/11
Barclays US Airways Platinum Mastercard-$1500-04/13
Chase Sapphire Preferred-$5,000-08/13
Citi AA Select AMEX-$2000-01/13
Citi AA Visa-$2000-01/13
Citi AA Platinum Select Visa Signature-$5000-08/13
Citi AA Platinum Select World Mastercard-$2500-04/13
Citi Business AA World Mastercard-$1000-08/13
Citi ThankYou Preferred-$2000-04/13
Express-$650-01/12
GECRB Paypal Mastercard-$3500-04/13

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Snowman
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Postby Snowman » Fri Aug 02, 2013 7:51 pm

Sleepy- I'll be honest, they were also sending me the same offers for the card a little over a year ago and I knew then I would be denied if I applied for it. If I were you, get your first card from your bank or CU, use it for 6 months then apply for a couple more. Let those age another 6 months and then if your income is good and your report looks ok, you should be able to get it. I want the card as well, but I need a little bit higher income and history before I try for it again. I mainly fly Southwest and American now and so I think it is a good card, but you need a credit history before a lender like Citi will approve you. Good luck.
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

agp
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Postby agp » Sat Aug 03, 2013 7:22 am

I say no. Not because you probably won't be approved, but because I think that your first card should be one without annual fee or any hidden fees - one that you can hold on to. If you first card is something with annual fee, when you decide to cancel that card because you don't want to pay the fee anymore, your tradeline age will take a hit.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

tigerhunt2011
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Postby tigerhunt2011 » Wed Aug 07, 2013 1:13 pm

^ good advice. BUT...don't let an annual fee scare you from a juicy signup bonus. You can always sign up for the bonus, and then downgrade the card at the 11th month to a version with no annual fee, preserving the bonus and the credit line. Unless you fly American alot in which case I would even pay the annual fee for the Zone 1 boarding and free checked bags... Keep in mind your odds of approval.
AMEX Business Platinum AU-NPSL-07/11
AMEX PRG-NPSL-07/11
AMEX BCE-$2000-07/11
AMEX MB Platinum-NPSL-08/13-->07/11
AMEX Biz Gold Rewards-NPSL-08/13-->07/11
AMEX Biz DL SkyMiles Gold-04/13-->07/11
BofA Alaska Airlines Visa Classic-$2500-06/11
Barclays US Airways Platinum Mastercard-$1500-04/13
Chase Sapphire Preferred-$5,000-08/13
Citi AA Select AMEX-$2000-01/13
Citi AA Visa-$2000-01/13
Citi AA Platinum Select Visa Signature-$5000-08/13
Citi AA Platinum Select World Mastercard-$2500-04/13
Citi Business AA World Mastercard-$1000-08/13
Citi ThankYou Preferred-$2000-04/13
Express-$650-01/12
GECRB Paypal Mastercard-$3500-04/13

SClay
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Postby SClay » Tue Aug 20, 2013 9:13 am

No annual fee cards are nice, but keep in note that you will probably make up the annual fee in the rewards/miles. While I wouldn't recommend applying for this card, I recommend asking yourself what you want from a card. Do you travel a lot? Shop a lot? Interested in rewards? etc. All these factors should be taken into consideration. As a student, you could try looking at different options. Since it will be your first credit card, you should probably go with either a student or secured card. These things being said, don't feel demotivated to apply for the card. Just keep in note it will be one inquiry on your account if you're declined and since you have no prior credit history it might not be a good idea.

Capital one offers a good student card Here with 1% cash back and 25% bonus on the cash back you earn each month (So basically 1.25%) and I believe your approval odds would probably be much more significant compared to if you were to apply for the AAdvantage card.

Discover also has a great student card Here

Remember, all of this varies on the person. When applying for a card, have an accurate estimate of your annual income.
Capital One Secured AU | $1851 | 10/2013
Capital One Journey | $1000 | 03/03/2016
American Express Delta Gold | Denied | 03/13/2016
Citi Bank Double Cash | $1000 | 03/13/2016
Chase Amazon Visa | Pending | 03/13/2016



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