Discover student credit card reddit
WebCongrats on the card and taking a step to build your credit score! The 10/20/30% utilization a big fat myth. Unless you’re planning to apply for a new line of credit in 1-2 months, credit utilization doesn’t matter. It supposed to fluctuate every month, can easily be manipulated, and holds no memory on one’s credit score. WebDiscover is a great lender to start out with IMO and build your history. The card is a solid 2% on everything for your first year and 10% on select categories. After the first year it drops to 1% / 5%, which isn't as amazing but still has use. They are in my experience an easy lender to work with as far as growing the limit over time. mrkt09 •
Discover student credit card reddit
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WebDiscover It is an all-around great rewards card with no annual fee for beginner or student for building credit. The card is also wonderful with credit limit increases. I went from $500 -> $3500 -> $9500 in two years. I highly recommend this card. WebDiscover It Student. This is my very first credit card. I put my income down as only $3,000 annually and that I don't pay any rent (live with my parents). I was pleasantly surprised when they gave me a $1,500 limit! That seems way too high to me so I'm wondering if I messed up and accidentally added an extra zero to my income or something.
WebAs you build your credit score and get older, try to keep your credit card utilization at 30% (I.e, if your credit card limit is $1000, try not to have a balance over $300 most months). I love my Discover card! It’s by far my favorite card to … WebDiscover is a great first lender. I wouldn't go with capital one because they have a history of never refunding card deposits. If you can get a student card with capital one then that won't be a issue. Both lenders have a pre approval tool so you should use that when you have your credit unfrozen.
WebThe first credit card I got was a Bank of America Cash Rewards card. It is quite a good one. 3% back on groceries, 2% on gas, and 1% on everything else. Plus if you deposit your rewards into a B of A checking account, you get a 10% bonus on all the rewards. So basically you're looking at 3.3%/2.2%/1.1% for the same categories. WebThere’s a ton of resources in this sub about how to use CCs. I’ll give you an example of how my wife and I use a CC to give you a better understanding of what it looks like. So, we have a $15k credit limit. That means, every month, we can put up to $15k on the card. At the end of the month (your “statement date”) we get a bill that says ...
WebI'm 24 now and have a 760 credit score; I started building credit at 18 with a discover student card which doesn't require a high credit score but your limit will be like $500-1000. It is definitely worth getting a credit card if you're smart/disciplined; understand you are only using it to build up your credit and NEVER buy anything that you ...
WebThe Chrome Card is identical to the Discover It Secured Card (except for the security deposit), offering 2% back on gas and restaurants. If you plan on commuting, Chrome is … can ria take performance feesWebHaving a credit card can sometimes make temptations hard to resist. Having self-control and only paying for what you can afford will lead to establishing good credit habits. Keep your Utilization low - Preferably you want to keep your utilization under 10%, but as long as it is below 30% you are fine. can rias use the title investment counselWebI received mine in January 2024. I was 18 with 0 credit history and no credit score. My income was like $12,000 and I was approved for a $750 credit lin Search “Discover it Student preapproval” i plugged in my info to their website and was pre approved. You can use it to see for yourself flange type shackleWebMy credit score is 672 according to credit karma. Besides my Discover CC, I have $9,286 in student loans and graduating in Spring of 2024 in Business (Hospitality & Tourism). By the time I graduate it be between $12k-14k, and if Biden student loan relief comes thru it … can ria\u0027s invest in managed futuresWebWhen I was in school and had no credit history (resulting in a low credit score) I got a Discover card, aimed at students. It was one of those annoying "preapproved!" mailers, but it didn't have any fees or anything and also had rewards options so I figured I'd give it a try. I was approved no problems. can ribbed condoms cause bleedingWebWhile a lot of folks on the internet seem to recommend Discover Student card, my suggestion is to consider a student card from the bank you use for your checking account instead. Wells Fargo, Chase and B of A all three have no annual fee student cards for their banking customers. Other banks likely have at least one card with no annual fee that ... can ribas bigues i riells bodasWebDec 5, 2024 · Discover it Student - Best Starter Credit Card. This was the first credit card I ever got when I started my freshman year. I cannot tell you how much value I have … can ribena go off