Credit Card Applications Denied

sryrstress
Thu, 07 Jan 2010 21:19:27 +0000

Remembering this from several threads several months ago and the research I did then–one of the new credit card reforms was going to be that authorized users would not be building credit (as had been done in the past). However, I’m fairly sure they backed away from this and they still are going to be building credit.

I wanted my S, 21 and a jr., to be building his credit, so in light of the new restrictions on obtaining their own card, he applied for one last Sept. There are several threads on cc about the “best” ones. He chose CitiDividend Platinum Select. It has an automatic cash rebate program. He was approved very quickly and rec’d the card within the week. There have been no problems, and he loves the convenience of being able to use it to pay for gas, order stuff, etc. He is very disciplined about paying it off each month (hopefully a life-long habit)!