Can I get a credit card, as a PhD student; and if so, which one?
September 4, 2014 8:54 AM Subscribe
I'm in the latter stages of my PhD, and I have been recently realizing that I have literally zero credit history. I don't need a good credit history now, but I anticipate needing one later. Presumably, in order to do this I need to get a credit card. Help?
posted by ClaireBear to Work & Money (15 answers total) 3 users marked this as a favorite
I'm very frugal with money and I don't like the idea of buying things on credit, but I am prepared to do this if this is what it takes to get a credit history, which apparently now functions as one's financial calling card in society. My questions are two-fold. First of all, who (if anyone) will give a PhD student a credit card? The situation is complicated by the fact that my stipend has just ended, so I have zero income (although I do have some savings, and my parents might be willing to co-sign). I imagine this may well rule me out in terms of being approved for a credit card in the first place. Second: if I do manage to get a credit card, how can I maximize building a good credit history within as short a time-frame as possible? I know I need to pay everything off every month, but should I spend up to my limit, or should I spend less? Any tips?