Best answer: Can you apply for a credit card if you’re a student?

Can you apply for credit card if you are a student?

It is technically possible to get a credit card on your own, but issuers will require you to have an independent income, which most college students do not have. If you’re under 21 and don’t have your own income, you will need a parent or another trusted adult to co-sign for you on a credit card application.

Is it hard to get a credit card as a student?

It’s much easier to get approved for a student credit card than other cards, but student credit cards still have minimum approval requirements. … You are, in fact, a student over the age of 18. You’re a US citizen or resident with a Social Security Number. You have some documentable income (a part-time job is fine)

How do I qualify for a student credit card?

In order to qualify for a student credit card, you must:

  1. Be a U.S. citizen or resident with a Social Security number.
  2. Be 18 or older.
  3. If under 21, you must show that you earn sufficient income (such as from a part-time job) to meet the card issuer’s requirements.
  4. Prove that you’re enrolled in school.
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Can you get a credit card as a student without a job?

Being unemployed doesn’t automatically disqualify you from getting a credit card. Credit card issuers are more interested in your income than your job. … You can meet the income requirement even without a job by including on your application any income you have access to. Even if your income comes up short, rest easy.

What is the limit on a student credit card?

The Discover student credit card limit is $500 or more for both the Discover it Student chrome Card and the Discover it Student Cash Back Card. There is no reported maximum Discover student credit card limit, but there are reports of cardholders receiving an initial limit of as much as $3,000.

Do you need to be a student to get a student credit card?

Usually, you need to be enrolled in an accredited school, TAFE or university to get a student credit card. High school students are generally not eligible for a student credit card. You may also need to be enrolled full-time to apply.

What is considered good credit?

Generally speaking, a credit score is a three-digit number ranging from 300 to 850. … Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

How long does it take to get approved for a student credit card?

As with any credit card, when you apply for a student credit card, you could receive a decision instantly if you apply online, or it could take as long as 10 business days. It usually takes 7-10 business days to receive a card in the mail after approval.

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Do credit cards Check your income?

How Do Credit Card Companies Verify Income? Since income doesn’t show up on your credit reports, most credit card issuers don’t actually verify your income. For low lines of credit, it’s not worth their time or money. … Issuers reportedly might also check that your income makes sense in the context of your employment.

How can I build credit with no income?

3 Ways to Grow Your Credit Without an Income

  1. Become an authorized user on a responsible family member’s credit card account.
  2. Apply for a secured credit card or credit builder loan.
  3. Understand payment relief options for student loans and other bills.

Can a 17 year old open a credit card?

You can get a credit card at 17 as an authorized user, but you have to be at least 18 years old to open a credit card account in your own name. … In the meantime, you can begin to build credit as an authorized user, and you can always use a debit card for everyday purchases.