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maer wants to know:

I recently applied for an American Express Blue Card because I heard it was the best card for college students, and I got declined for these reasons:
Proportion of revolving balances to revolving credit limits is too high. Length of time accounts have been established. Too many accounts with balances. Too many accounts recently opened.
My experian score is a 690, and the only accounts I have opened are multiple student loans totaling $25,000 that are deferred until I graduate (in 2 years) and a credit card that I am steadily paying off, I have never missed or had a late payment on it. Will I get declined for other credit cards simply because I have numerous loan accounts, they’ve all been started recently within the past two years, and I’ve only had credit for a few years?

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Young Chea wants to know:

So I just obtained my credit report and checked my credit score through Experian. I am a little confused.

First off, my report said that 10 of my 11 credit items are in good standing so I was very happy about that. The one that wasn’t was b/c I stupidly cancelled a credit card when I was younger and didn’t know any better.

I am confused b/c I paid $6 to get my actual credit score and it is a 799 out of 990. As I understand the different credit houses have different ways of calculating your score so I know it’s all subjective. However, I am concerned b/c it said I am in the “Prime” credit category and not Prime Plus or Super Prime which I thought I might be. The next thing is my credit rating ranks higher than only 61% of US consumers.

I don’t have any real debt, only student loans, no car loans, no mortgage. Can someone break down my score for me?

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Pepper wants to know:

I am currently a college student with 2 checking accounts (Wamu- 3 years & BOA- 1 year) and 1 credit card (Citi- 1 year). I have always met the requirements for my checking accounts and paid all my credit card bills on time. As for loans, I do have about $10,000 of student loans in debt. I was wondering if it is okay for me to get another credit card. Also, many say that having a lot of credit cards are bad for you. What is the reccomendation of how many bank accounts and credit cards should I have so that my credits would not go down? Thanks in advance!

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kenny9678 wants to know:

I’ve owned 2 credit cards for approximately 5 years and now have student loans to pay off as well around 30k. What or where is the best place to get a credit check done? How easy is this and can it be done online? And once you have it done once is there a company that will provide anymore future checks for free?