georgina
DIS Veteran
- Joined
- Apr 21, 2003
My 21yo daughter is ready for a card. She's a recent college grad (2 weeks). We're trying to get a credit score for her. Credit karma doesn't like her, in the past they couldn't verify her. Creditscorecard can't seem to pull up anything on her. I'm waiting to hear back to see if her Navy Federal account shows a score. She is an AU on my oldest Navy Federal card, I should have done that sooner than I did, I only did that in the past year.
I don't know if I should just have her give Chase a try or just start with NFCU. I'm pretty sure she'd have no issue getting approved with NFCU. I don't know if Chase will approve her and with little to no history, and which Chase should she start with? Travel goals for her are a trip to Japan with her girlfriend to visit the girlfriend's brother sometime in the next 2 years I think, and Tokyo Disneyland. Other than that, they have no big travel plans. Someday they want to road trip, they do little stuff around here. She just wants to start building her credit mostly. When I mentioned maybe being able use some points for Japan she became interested. Hitting minimum spends will be hard for her.
Then the next part of my question is income. Can she use her roommate/girlfriend's income? They split the bills, each paying half.
I'll take a stab at this, as I also have a new grad (May 2017). I also have 2 older children who had no trouble getting cards when they graduated, but I think some banks are tightening up. Youngest DD, who was a computer science major and was an AU on my card for 5 years, was turned down for a Chase SW card last year when she was interning for Google and making a good salary. This year after she graduated and is making 6 figures, she was turned down for a Citi double cash, because of limited credit history, although her credit score is very good. I'm sure her private landlord does not report any rent payments to credit bureaus. She was able to get a Capital One Quicksilver with 1.5% cash back. I think Chase Freedom is easier to get than some other Chase cards. She went with the Quicksilver because you could check ahead of time if you would be approved without a hard pull on your credit. I was really surprised Citi turned her down.
I don't think she could use a roommates income on her application.