- Posts: 2
- Joined: Thu Feb 06, 2014 8:49 pm
- Location: USA
When I wanted my first credit card in July 2013, I had no credit history to speak of -- no loans or anything. I looked online and saw that the student version of the Discover it was possibly easier to get approved for than the Citi student cards, requiring only "fair" credit versus the Citi's "good" credit. As I had no credit, I decided "fair" seemed more appropriate, so I went for the Discover. I was approved with a $500 limit, which was enough to get started.
After further researching cards, I waited until I had a payment history of three months down before applying for a Citi student card. I noticed at that time that the Forward's rewards program was less appealing than it used to be -- the 5x points on bookstore purchases (Amazon) and restaurants were no longer being offered, so it was essentially a card worth less than one percent. I decided that the student version of the Dividend would be more valuable, because even though the rotating categories aren't that appealing, a straight 1% cash back was better than points. My Citi was approved as well.
I don't know if this is always the case, as there are so many factors at play, but you might be better of having another card before you apply for the Citi again. I'd also consider the Dividend if I were you, but that's your choice.
For reference, my income when I applied for Discover was less than $5000 annually. You might have a chance with Discover as a student, provided that you are at a four-year institution. I'd look at secured cards if you can't get in with Discover, unless you wish to go for something like the Capital One Journey.