Hi,
I just graduated medical school and about to start residency in a few weeks.
I have tried to apply for 2 credit cards but have gotten denied both times (first with my new bank PNC, then with Chase Freedom)!! The main reason is my Debt-to-Income ratio. I have about 360K in student loan debt and a PGY1 salary of about $47K.
I am planning on closing my BOfA account soon (checking + credit card; PNC will be replacing BOfA) so I want another credit card to make sure my available credit doesn't decrease, therefore negatively affecting my credit score. I would like a credit card (preferably 0% for the first 12-15 months) now so I can use it to buy new furniture/a mattress/etc. as I move to another state for residency.
I am not a big spender, I have ALWAYS paid off my cards every month, and have a credit score of 760+.
Is anyone else in a similar situation? Any advice/help would be greatly appreciated!!
I just graduated medical school and about to start residency in a few weeks.
I have tried to apply for 2 credit cards but have gotten denied both times (first with my new bank PNC, then with Chase Freedom)!! The main reason is my Debt-to-Income ratio. I have about 360K in student loan debt and a PGY1 salary of about $47K.
I am planning on closing my BOfA account soon (checking + credit card; PNC will be replacing BOfA) so I want another credit card to make sure my available credit doesn't decrease, therefore negatively affecting my credit score. I would like a credit card (preferably 0% for the first 12-15 months) now so I can use it to buy new furniture/a mattress/etc. as I move to another state for residency.
I am not a big spender, I have ALWAYS paid off my cards every month, and have a credit score of 760+.
Is anyone else in a similar situation? Any advice/help would be greatly appreciated!!
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