I'm currently a student (entering my final year). I'm considering applying for a second credit card, as my current card's rewards are Scorecard (yuck), and I'm trying to build my credit.

My situation is as follows:

- I've had a student VISA CC through my credit union for going on three years. Until a few days ago, the limit was $500 (now, it's $1,500). According to my credit union, this card will be closed shortly after I turn 25 (a few years from now), because of how they've designed their student cards.

- I am an authorized user on one of my mom's credit cards (I never use it, and she only occasionally uses it). The limit for this card is $3000. The card has been open since 2008. Both cards have always been paid in full.

- My annual income consists of only my on-campus job (pays about $5,000 annually), plus internships, which have paid nicely for the past two summers.

- I have no student loans (I was very fortunate).

Here's where it gets interesting:

I recently went to my credit union to discuss the possibility of opening a second card through them. The representative I talked with said they couldn't do it, because of my debt-to-income ratio (DTI), which she explained was influenced **not** by utilization, but by the size of my credit limits and income. Specifically, she cited my mom's CC limit as the main issue. I find this odd because, AFAIK, DTI is dependent on real debts, not credit limit.

This makes me think that, until I can increase my income, my chances for opening even just one other CC (aside from secured ones) are slim. Is this correct? (I also find it odd, because I have friends who are in similar financial situations, but have credit cards with limits of over $5,000).

As a side-note, when I opened my first CC with them, that representative suggested I keep a small balance and pay the little bit of interest, which we all know is a bad idea. This is another reason why I'm a bit skeptical.
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I have an approved
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I'm currently a student (entering my final year). I'm considering applying for a second credit card, as my current card's rewards are Scorecard (yuck), and I'm trying to build my credit.

My situation is as follows:

- I've had a student VISA CC through my credit union for going on three years. Until a few days ago, the limit was $500 (now, it's $1,500). According to my credit union, this card will be closed shortly after I turn 25 (a few years from now), because of how they've designed their student cards.

- I am an authorized user on one of my mom's credit cards (I never use it, and she only occasionally uses it). The limit for this card is $3000. The card has been open since 2008. Both cards have always been paid in full.

- My annual income consists of only my on-campus job (pays about $5,000 annually), plus internships, which have paid nicely for the past two summers.

- I have no student loans (I was very fortunate).

Here's where it gets interesting:

I recently went to my credit union to discuss the possibility of opening a second card through them. The representative I talked with said they couldn't do it, because of my debt-to-income ratio (DTI), which she explained was influenced **not** by utilization, but by the size of my credit limits and income. Specifically, she cited my mom's CC limit as the main issue. I find this odd because, AFAIK, DTI is dependent on real debts, not credit limit.

This makes me think that, until I can increase my income, my chances for opening even just one other CC (aside from secured ones) are slim. Is this correct? (I also find it odd, because I have friends who are in similar financial situations, but have credit cards with limits of over $5,000).

As a side-note, when I opened my first CC with them, that representative suggested I keep a small balance and pay the little bit of interest, which we all know is a bad idea. This is another reason why I'm a bit skeptical.
user
I have a debt-to-income
assistant