<p>$10K ain’t that low for a person who’s studying full time.</p>
<p>And yeah I’m not sure why I got denied for student cards but got approved for an ‘adult’ card with cashback. But I ain’t complaining, cash back is great.</p>
<p>
I was wondering what counted as income. I indicated that I paid $0 for tuition and housing (that’s after financial aid grants), and I reported as income only actual income past tuition+housing. Do you think it would have made a difference if I had reported housing grants as income and housing expenses as expenses as well?</p>
<p>On the other hand, my first student credit card application said explicitly that if one’s income exceeds $12,000, one should apply for a regular card instead of a student card. If one counted grants and support from parents that paid for room and board and possibly tuition as well, wouldn’t practically all students have an income beyond $12,000?</p>
<p>That’s true.</p>
<p>You see, the student cards are mainly intended for students going to CC or those with little to no financial aid. The people here aren’t your typical students.</p>
<p>Thing is, your income has to exceed your expenses so you can pay off your credit card bill. At $12k reported and college expenses that probably cost more, it only makes sense that you’re going to go into deep debt. That is, unless, you have other income that you haven’t reported – namely, financial aid.</p>
<p>So yeah, the regular card is more appropriate in your case. You’re not just some CC student scraping by, but rather someone quite privileged to go to a nice university with financial aid to boost your income to a comfortable level before you get your degree and get a nice-paying job.</p>