What can help me get approved for a student credit card?
I recently got declined for the reasons below which is from an online letter. what can i do different?
“Your consumer credit bureau score from Trans Union is too low (See below)
Amount of annual income listed on the application is insufficient or missing.
High utilization of credit lines or insufficient utilization information (Trans Union)
Your consumer credit bureau score mentioned above was determined using a scoring system that evaluated the information in your file at the consumer reporting agency named above. The following are the primary factors in your credit report that affected your credit bureau score:
Length of time accounts have been established.
Proportion of loan balances to loan amounts is too high.
Lack of recent revolving account information.
Too few accounts currently paid as agreed. ”
Sources: www.americanexpress.com
It sounds like you probably have little or no credit, and a job that they feel isn’t enough to support a credit card bill (possibly no job). It’s better than poor credit, but they need to know you are “good” for the loan. You should see if somebody, usually a parent, will cosign for you. If the payments are paid on time it will help build you credit. But if you are late on payments then your credit rating will go down.
There are lots of credit cards marketed specifically to students. Take a look at this site for just a few of them…
You can also try a pre-paid or secured credit card which are excellent for establishing credit. You can find a selection of those cards here…
Find very useful info and tips on getting and managing credit cards on
Try for a Capital One Student Credit Card, if they won’t approve you, try getting a secured card to build your credit score.
Maybe you can try below website to get the information you need. It’s about ways to get approved for your student credit card articles for your second opinion.
Students should not miss such offers as they provide a lot in savings and reducing the repayment burden. We look at 3 particulary interesting 0% Intro APR credit cards offer .
1. Discover® Student Clear Card
Coming straight from the major credit card issuer Discover, the Discover® Student Clear Card, comes with no annual fee, 0$ fraud liablility guarantee with the 0% Intro APR* on purchases for 6 months. The Discover® Student Clear Card offers easiest online account management options which save a student lot of time in managing their credit card account details.
2. Universal Entertainment Student MasterCard®
This credit card issued by Chase comes with a 0% Introductory APR for up to 6 months. This credit card has a good reward program which offers 1 point for every dollar spent and comes with No annual fees. Keeping in mind the entertainment needs of students the Universal Entertainment Student MasterCard® offers two movie tickets after the first purchase and double points on select Universal Studios Theme Park purchases. It also gives the students option to recieve opening Weekend Tickets to Universal Movies and Discounts on Universal Studios Theme Park tickets and merchandise.
3. Chase Student Flexible Rewards Card
This credit cards has a 0% Introductory APR on all purchases and balance transfers for up to 6 months. The reward progams that comes with Chase Student Flexible Rewards Card gives 1 point per eligible dollar, and students can redeem their points for merchandise. This credit card has no annual fees.
0% Intro APR credit cards should be used wisely. First thing to take care before enrolling for a 0% intro APR credit card is to check out for what the 0% intro rate applies, whether it is for purchases, balance transfers or cash advances. The most important thing about 0% intro APR credit card is to never miss on a single repayment. Because most of the credit cards with such offer withdraw the 0% intro APR option on first default and immediately impose a regular high APR rates. Apply online for a best student credit card at:
Sounds like you have bad credit in addition to low or no income. Your best chance at getting a credit card would be at Orchard bank. They are targeted for people with bad credit and are easy to get. They report to credit bureaus to help improve your credit score.