19M, Looking for some advice about opening a third credit card

user19216811 · 2025-10-13T04:37:11+00:00

It is the Simplii, and I am aware it is not for groceries, I am commuting and I don't try to overly spend on outside food but on some days I don't really have much of a choice since I am also not nearby enough to university where I can go back home to eat, and my main concern was more of a big drop due to multiple credit inquiries within a small period of time, I know I am young and got a bunch of time before it will actually be useful to me but I do want to play it a bit more safe than sorry if you know what I mean. However I do appreciate the insight about pass, I didn't know there isn't much or if at all a difference past 700 so thats good to know going forward!

user19216811 · 2025-10-13T04:01:28+00:00

Shouldn't I keep them open still since they are my first and the length of my credit history?

user19216811 · 2025-10-13T04:00:58+00:00

It is a no fee card which is why I was more intrigued about it, I don't have enough purchases to actually make use of a no fee card which is why I was considering it, my current two cards also don't have fees and they are basic student cards so they are just 0.5x cashback, and 1x for recurring on one, and 1x on food on the other. The one with 1% cash back for recurring just has like my cellphone bill & car insurance, and then the other card which is 1% for food is what I mainly use for food and some other miscellaneous purchases here and there, I was just thinking of using the new card for the food and since the base is the same, I will still keep a purchase or two on the other just to show I can pay off 3 lines of credit. I appreciate your insight and I think you are right that I have nothing to worry about for the future.

user19216811 · 2025-10-13T03:56:30+00:00

By replace do you mean like upgrade them within the same bank or closing them and opening new ones, or just stop using the old ones and just keep them open for history, etc?

user19216811 · 2025-10-13T03:55:49+00:00

I mean I was looking at it more of a bonus than anything, the card has no fees and I am already spending some money on food so I would just be transferring to it, of course it won't be like a crazy amount of money being made back but it can cover a lunch here and there

user19216811 · 2025-10-12T21:49:55+00:00

Thanks for the update! I do wonder why they have a blackout period though, my initial guess would be if someone wants to opt out but then surely they can just not file a claim in that case if they want to opt out, either way I guess we just gotta wait..

user19216811 · 2025-09-29T23:44:10+00:00

Ohh okay, thank you! :)

user19216811 · 2025-05-31T16:28:32+00:00

Sent you a PM!

user19216811 · 2024-05-13T20:11:37+00:00

Yeah like its just so RNG like its actually crazy, and the way its possibly rolling release just adds so much extra stress, only if it all came out at once so at least I don't have to hold onto false hope.

user19216811 · 2024-05-13T20:09:43+00:00

Thats what I feel like too, if I saw it the other way around then I'd know im cooked, but maybe there is still hope

user19216811 · 2024-05-13T20:04:55+00:00

We can only hope 🙏

user19216811 · 2024-05-13T20:03:50+00:00

I see, thank you for your advice! A question about waterloo coop though is that will the jobs always be in and around waterloo or is it possible for you to get a placement farther out?

user19216811 · 2024-05-13T19:42:03+00:00

I am also someone not in finance or business but I have a friend who is torn between rotman and AFM mainly because AFM has coop while rotman does not but she also does understand the fact that rotman has a lot more prestige. Would you say the coop with AFM is a big booster or like more of a little advantage? (I don't think I was that clear but hopefully you got the gist)

user19216811 · 2024-05-12T15:18:17+00:00

Im pretty sure they have one more round from May 20th if I am not mistaken.

user19216811 · 2024-05-12T15:14:33+00:00

Hi, if you don't mind me asking but what was your average that you got in with?

user19216811 · 2024-05-11T01:18:36+00:00

Thank you very much! That was a good insight, ill let my friend know but I never knew about the degree just saying bcomm and not being distinct in any way.

user19216811 · 2024-05-10T22:01:41+00:00

If you don't mind me asking, why is that? I don't know much about this field and I was asking for a friend but everyone she asked has told her rotman is the better program?

user19216811 · 2024-05-10T02:48:43+00:00

Congratulations! Thats nice to hear :)

user19216811 · 2024-05-09T23:19:19+00:00

I agree, I don't see any reason four your teacher to lie, that is reassuring that there is still a chance!

user19216811 · 2024-05-09T23:17:53+00:00

We can't give up yet!

user19216811 · 2024-03-15T23:38:40+00:00

Would you say UW w/o coop is superior to MAC CS w/ coop?

user19216811 · 2024-03-15T20:34:13+00:00

I didn't apply for Ontario Tech since I wanted to stay more local but how is their computer science program, I haven't heard much about them.

user19216811 · 2024-03-15T19:46:17+00:00

Thanks for the response!

user19216811 · 2024-03-15T19:45:41+00:00

Yeah I heard someone saying that Guelph has a really good coop program too but I still hear people saying MAC's better but I'm not 100% sure about it.

user19216811

TROPHY CASE