YCrevolution wrote:Jim_Stansel wrote:I just applied for a Discover Student card, they're supposed to give me a decision in 5-7 days. I don't know why it takes them that long to say: "Fuck no."
I think it takes them a bit longer to come up with a decision for applicants without a lengthy credit history, since presumably some human being actually looks at it then. At least, that's usually been the case when I applied for cards (and sometimes there's an issue of where you're actually living since the credit bureaus and databases like LexisNexis tend not to have accurate information on where college students or recent graduates are living).
I got approved for a decent credit line (more then enough for semester's worth of books) for a Discover cashback card this week (I can get $100 back on the first $500 spent during the first three months so that'll ease the pain of buying books a little) so I'd say your chances are decent, too (and their call centers have people with American accents and I think are usually US-based). Before they approved me for a card, they did call want to know what my "current college major" is (I said I guess you can put down "law."), and it took them about three days from when I applied to call me.
I had applied for a Chase Student Card before college, and my credit limit is up to $7000 (I think it started at $3000). If you need a larger line, student cards are definitely the way to go.
Don't ignore the pre-approved ones you probably get in the mail all the time, either. I got a Bank of America card that way. It only had a $700 limit, but it has nice rewards. I used it to pay my second seat deposit.
A buddy of mine is in real estate, so he deals with credit all of the time. He said part of your score is determined by how many credit cards you have, not just what you do with them. He recommended 2 or 3, even if you don't use them all of the time.