<p>Let us know how it goes..I'm thinking of applying for that later on..too much paperwork in the meantime</p>
<p>I'll let you know one thing: my dad also applied for a Citi card for himself and my mom the same day I applied for mine (he's dumping his American Express because of the annual fee). He received his cards in the mail today, but no news on mine yet.</p>
<p>Citi Diamond is a nice card, you get 5 rewards points for every dollar you spend!</p>
<p>Is it possible to pay into the card before you use it, so you don't have to worry about the bill?</p>
<p>No, that's what a debit card is for.</p>
<p>I'm on my Mom and Dad's AmEx. I have my own card and number, but it's through their account. This is a great system, because it allows me access to a card whenever I need one, yet also keeps my spending in check and prevents me from blowing money on stupid stuff. The bill also gets mailed to them so they can monitor how much I'm spending.</p>
<p>evilsaltine, there are some cards you can get that are preloaded, but as RC0813 said, those are considered debit cards. You usually get them through your bank (if you have a checking account), but you can also get debit cards through some credit card providers that are marketed to high school/college students.</p>
<p>hey beginning, I was about to get a card that was tied to my parents' account, but several of my parents' friends told them that I would not build any credit history by being linked to their account, which would affect me later. They said to build a credit history, I had to get a student card in my own name, which is what I've applied for. Do you (or anyone for that matter) know if this could be possibly true?</p>
<p>
[quote]
Citi Diamond is a nice card, you get 5 rewards points for every dollar you spend!
[/quote]
Unfortunately, that is a card meant for people who already have good credit; so if you just turned 18 and are applying for your first card, you are definitely going to get rejected for this one. Also, it is 5 rewards points for every dollar you spend * at supermarkets, drug stores, and gas stations; 1 point for every dollar on all other purchases*.</p>
<p>^ actually, if you are added as an Authorized User on your parent's cards, you do build credit in your name, but it is still best to get your own card, IMO.</p>
<p>if your card is attached to your parent's then it doesn't help your credit.</p>
<p>last summer (before i started college) i got a checking account, savings account, and credit card through a credit union. the credit card is a student visa with a $500 limit. I really want to get that raised though, because i keep maxing the card out on plane tickets home, rent, groceries, and the like. </p>
<p>if/when you get a card, definitely pay off as much as possible every month (pay off everything if you can) and start with a low limit until you know you can budget your money and aren't impuse buying at every corner.</p>
<p>my credit card bill gets sent to my home, my parents look over it so i have some kind of 'supervision' over my spending, then they forward the bill to me at school to pay. i pay it off in full every month with my checking account.</p>
<p>it's good to learn to budget money.</p>
<p>if your card is attached to your parent's then it doesn't help your credit.</p>
<p>like i said before, if the card has your name on it, it does build your credit.</p>
<p>Icarus is right. If you are added to your parents' credit card as an authorized user, you will have your own card, with your name on it, and will build credit.
You can also have 1 parent ask for an application from their CC company, and do a new application joint with you, and request for a low limit, so that you are not on the mom/dad card that has a $25,000 limit.</p>
<p>Icarus is correct. I am building my credit just fine. :)</p>
<p>So is 4.9 Intro and 9.9 Fixed reasonable?</p>
<p>An update to my application status: Citi sent me a letter today saying that to continue my application, they needed to verify my student status at my university by either sending them a copy of my picture ID or a copy of my tuition bill. I've just mailed off a copy of the bill.</p>
<p>I'm hoping to have this card in my hands within the next few weeks. And thanks to all for answering my question about "building credit history". In case I get rejected for the student Citi card, then I'm sure my dad will be happy to add me to his account.</p>
<p>I know nothing about credit cards but I want to get one when I start school ... looked into the mtv mastercard through citigroup but since I don't understand APR I'm not sure if it's a good deal or not ... </p>
<p> 0.00% APR on Balance Transfers for 6 months§, then just 16.24%.<br>
0.00% APR on purchases for 6 months§, then just 16.24%.<br>
NO ANNUAL FEE.
FREE online services, including account management, statements, unbilled activity, and faster payments. </p>
<p>does that sound good? I plan on paying off my bill in full every month if that makes any difference.</p>
<p>If you're going to pay off your bill in full every month, then APR means NOTHING for you. APR is the interest rate charged to those who don't pay off full each month; the amount not paid is charged interest. (How do you think the credit card companies make money?) As you see, the first 6 months there is no interest charged for any debt, after 6 months, interest is charged for the debt that you carry. So don't worry about the APR stuff, as long as there is no annual fee I say the card is good. :)</p>
<p>APR is the percentage that will be added on when you pay your bill late or when you don't pay the whole bill. So for example - your monthly credit card bill is $50 - but you can only pay $40 - so the next month you'll have to pay the difference plus sixteen percent. If you pay your bills on time though APR wont be a problem. Most ppl with great credit history have like 4% APR or lower, but since we dont have ANY Credit card history we're always gonna get high APR - so just pay your bills on time, lol. And the no annual fee - is a pretty good thing too.</p>
<p>Thanks! LoL, this is one person who won't be taking any advanced math in college :D</p>
<p>::So is 4.9 Intro and 9.9 Fixed reasonable?::</p>
<p>The interest rate doesn't matter at all if you pay it off in full every month. In my opinion, you probably shouldn't be getting a credit card if you aren't responsible enough to pay it off in full every month because you will be burning money on interest payments.</p>
<p>But yes, 9.9 is a good rate for a college student. You may want to check for set finance charges though...</p>