Fed Financial

A credit card company denied me, can I apply for another one? Best Credit card for college Student?

I was denied a Visa platinum credit w/Chase-Chase flexible rewards card. It was the 1st c.c I've applied for. Reasons for rejection are: - 2 many accounts w/ high bal. -recent deliquencies &/or past due bal. -2 few accounts on file 4 long My financial background: 21, 3rd yr university student. Free credit report shows 2 good records and 1 potentially bad. The 2 good 1) a family c.c. w/ high bal.13k),only my dad uses it. He pays for everything w/ it & pays a chunk of it(5-10kamonth). Im an authorized user since 1994. 2) student loan(dfrred payment) The bad: pastdue Victorias Secret payment of $70(paid in full now). I've disputed this b/c I was living abroad when charged& never received a bill in email/mail My questions are: 1)is it bad 2 apply 4 other c.c. soon? will being denied from chase affect chances w/ other c.c.? 2) What are good student c.c.? I applied for the chase cc but I have miles w/ United& need to use them by 6/08 & the chase card extended them. Thanks!

Public Comments

1. Capital One might engage with you ~ Otherwise ~ get out of debt and stay out of debt. A credit card is no way to run a life with a balance on a card. Always pay bills ~ there are no excuses for not paying them.
2. try bank of america. they have a college card. Also contact victoria secret first, they should be willing to remove the negative off your credit report since its been paid.
3. Being denied does not directly have an affect. However, all applications -- whether approved or denied -- hurt your credit score slightly for 1-2 years. You may be approved for another card, but it is less likely. The first step should be to pay off most or all of the balance on the card with $13K, so that there is no longer an account with a high balance.
4. there are cards out there specifically suited for students. You can browse some cards at http://creditcardwarehouseonline.com or http://creditcardwarehouse.ecreditdirectory.com/ Also you do not want to apply for too many cards. It does have an effect on your credit score althought it is quite small. 10%.