Originally Posted by
xooz
Gathering miles or hotel points using credit cards is ideal.....IF... you have the discipline to only use it for necessary purchases and are able to pay the balance monthly. As a college student, being able to handle your purchasing using a credit card is something you have to commit to. The path to financial ruin for a lot of people was paved by Citibank, etc. You will find many people on this board (I'm one) who get hundreds of thousands of points (hotel and air), but if I pay any monthly charges, I am wasting the effort.
Good luck!
Opening a whole bunch of credit cards and never using them or using them a couple times, and closing out your accounts is a good way to send your credit in to a nose dive. I read that they can figure out what you're doing, and you're not as likely to be approved the next time.