I am a college student looking into purchasing a credit card. I do have college loans but I do not have to pay them until 6 months after graduation. How will these loans affect my chances of getting a credit card? I need a limit of about $1000-$2000. Is this kind of limit possible for a college student with a part time job? Also, will I need a cosigner of any kind?

James Williams

Check your credit history before you apply for a credit card. Make sure everything is correct in your reports. If not, try to dispute any inaccuracy with credit bureaus. Then you can apply for a student credit card. You won’t usually need a cosigner to apply, but some issuers may ask you to apply with a cosigner if they find you not creditworthy enough. Your creditworthiness will also have an impact to the credit limit. The credit card issuer will determine your credit line based on your credit score and the information you provide in your application. However, if you manage your card responsibly (make all the due payments on time), the issuer may increase your credit limit upon your request.