<p>How many people out there have credit cards. Right now all i have is a savings account and am thinking about getting a credit card for college. If anyone has suggestions on good banks to choose that would be great. Also, I plan on going to school at University of Maryland - College Park, so it'd be better if the bank had a branch in that area. Thanks.</p>
<p>Chase's student mastercard is a great choice. As for banks in the area - it doesn't matter too much for credit cards like it does for debit cards.</p>
<p>The most important thing to me when choosing a student credit card (I didn't care about APR since all student credit cards will have high APR and I don't plan on spending more than I have and accumulating debt anyway) was to make sure I could easily check my balance and pay my bills online.</p>
<p>I'm a total credit whore...</p>
<p>I have $60k worth of available credit in credit cards. Blue/BofA/Chase/Citi/MBNA/Providian --and I'm 21 :)</p>
<p>^daddy pays?</p>
<p>mynt: Does that mean you can't get much loanage?</p>
<p>Citibank Student Platinum Dividend Reward thing owns - 5% cash back on gas stations and grocery stores, 1% on everything else.</p>
<p>The downside is that finance charges begin at the charge, not 30 days from like most cards.</p>
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^daddy pays?
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<p>I never said anything about spending any of that $60k --but anyway, no my dad doesn't pay my bills, and I simply don't charge my cards besides for basic expenses. My utilization is 0%.</p>
<p>noverborn:
whats lonage?</p>
<p>the more cards u have, the lower credit score -.-</p>
<p>The above statement is incorrect. If you have more available credit and no debt, your credit score will be higher.</p>
<p>correct duke</p>
<p>i have a credit card as a high school student so i have sorta learned fiscal responsibility before getting bombarded with a ton of credit card offers.</p>
<p>i got my first card when i was 16... i think everyone should have one.</p>
<p>Riptide is INCORRECT. Having More Credit cards with high limits can Positivly Affect your credit rating by reduceing the ratio of current revolving debt Compared to your total amount of credit availible. This Makes up 35% of your credit score. Having 10 or more might look bad to certain companies but as long as you are not getting close to your max on the cards and paying your bills on time then you should see a benifit from more credit cards.</p>
<p><a href="http://en.wikipedia.org/wiki/Credit_score%5B/url%5D">http://en.wikipedia.org/wiki/Credit_score</a></p>
<p>I got my first credit card when I was 15 lol. It was a student-credit card with Capital One. My parents had to sign the application saying they would assure the payment was made monthly and it only had a $500 limit. I have since upgraded to 3 real credit cards. I always pay in full every month so I don't have to worry about crazy interest rates & charges. Bank of America was more than eager to give me a visa credit card with an insane limit because I had my checking & other bank accounts there.. it gives 1% cashback so that's not bad.. better than nothing.</p>
<p>I only have one credit card, a Citi MTV-U card, which is pretty nice in that one gets rewards points. I've only spent about $1500 YTD, but I already qualify for a $45 gift card to my choice of different stores. Although I use my Bank of America check card more.</p>
<p>Actually he is both correct and incorrect. Having more credit cards does help your history if it means you have less debt compared to available credit but it is also true that every few new cards (I believe three) that you get in a certain period add a stain to your credit score.</p>