08 Dec 2009
You see those ads all the time, “Get approved today!”, or “Get approved within minutes!”. Does this really mean anything, or does it actually work, that is the question? Well, when it comes down to student credit cards, I don’t want to burst your bubble, but most of the time, it’s going to take a day or so to get approval, because many credit card companies are strict, but that doesn’t mean you shouldn’t apply.
The reason that many credit card companies won’t approve you instantly is based on your credit score. Since many college students generally don’t have a credit history, they aren’t just going to approve you, but instead, they need to verify that you’re going to college, and that you’re legitimate. They want to make sure that you’re not also lying on your application, because many younger applicants tend to so.
So, what if you want to get approved instantly? If that’s the case, you may want to try a secured credit card, which approves everyone instantly, as long as you pay the deposit. If you can afford a student card, I would go that route to be honest though, since this is where most people go as a student.
Now, just because you can’t get instant gratification, it doesn’t mean you can’t apply. Apply for a card, be patient, wait for your response, and see what happens. If you get approved, that’s great! If you don’t, just keep trying, because there are many applicants out there. Try your best, and see what kind of card you can get.
Tom Tessin is an author for FINDcollegecards.com that is geared toward students looking for a student credit card