Credit Card Applications Denied

parent56
Fri, 08 Jan 2010 12:27:13 +0000

there was a thread a while ago about student credit cards and the changes coming. i had originally thought i would just get a 2nd card for son on one of my accounts but realized that wouldnt be on his credit. so we went to our local bank (not a national chain) he opened a checking account in his name, automatically came with a debit card and then applied for a credit card through the local bank… they required that i apply as a co-applicant so the history will also go on my credit report but it will create a credit reporting for him. we got the minimum 500 limit. my first thoughts in getting a card were just for emergency flight home from college if he goes out of state, but then as he talks about wanting to live off campus at some point, realized he may need a credit score for rentals. He will use the card perhaps once a month and pay off immediately just to begin to establish timely payments