Comments on: Citi Student Credit Cards Help?

By: Mike

Mike — Wed, 24 Feb 2010 15:47:53 +0000

I would apply for the new one and keep the old one. Cancelling your first credit card can often hurt your credit score.

Good luck!

By: Many G

Many G — Sun, 21 Feb 2010 18:54:49 +0000

Try this. It`s may help.

By: Judy

Judy — Sun, 21 Feb 2010 13:08:42 +0000

Apply for the new one, but keep the old one.
Two or 3 cards are best for great credit.
The trick is to pay them in full each and every month.
Carrying a balance does nothing to improve your credit.
Read the fine print. Be careful of annual fees.
Please do not get trapped by paying interest. You will never get out.

By: VidaLoca

VidaLoca — Thu, 18 Feb 2010 02:54:48 +0000

*CAUTION* .. Student Credit Cards were how I started down the LONG road of bad credit. The fact is, you should treat your credit now as the most important financial decision you will make in your lifetime. Yes! it is that important!

To answer your question, you should keep the other one for 6 months, spending as little as possible with it, and paying it off every month. Then you can apply for the other one and guarantee approval. Once you have the other, cancel the first or keep it at a $ 0.00 balance. Having a major credit card is great for your credit, but you need to request the limit be raised after 6 months to at least $2,500.00. But, be sure you don’t use it unless you need it and pay off the balance every month. Don’t consider it free money because it is far from that. You have to pay for the privledge of borrowing the money at a very high interest rate.