So as you read in the previous chapter, I applied to Banknorth and American Express for a credit card. I got rejected by both. One rejected me on the reason of not having a credit history, which is ridiculous in my opinion and the other because my income was not enough. They were advertising a student card specifically mentioning the words "for students to build up credit" and this is the reason they rejected me. Anyways, I heard from my friends that they got their card from Bank of America. So I went there and accidentaly talked to the same person that opened up my account two years prior and completed an application for a credit card.
Three weeks later, I was already thinking that I was going to get rejected again, I got my first Credit Card here in the US. Not only that but it had a $900 limit on it, meaning I can spend money and build up credit faster than with a $500 limit card. Even though I can go spending $900 now and not worry about it for a while, I only spend it on stuff I really want to buy and stuff that I can actually afford. This is a golden rule that many people don't follow and that's how they get into credit trouble.
Good luck to everyone looking to get a credit card. Bank of America was the winner for me. This doesn't mean that they will have the best rates, I don't even care about the rates because I am going to pay everything as soon as I need to. The good thing is that it doesn't have an annual fee, but who knows what will be next year, by then I might switch to another company with better rates in case I need to take out a loan. Until then, I'll just build up my credit.
