Take the risk to apply for Sallie Mae Mastercard?

Hello, all.  I am looking to apply for my first credit card and the rewards of the Sallie Mae Mastercard look very appealing. However, I am unsure whether I would realistically get approved for this card. As for my credit situation, my Equifax and TU scores are 681. I have no inquiries, no late payments, and my average account age is 8 years. All of the accounts in my credit history are student loans that are currently deferred (I'm a current grad student) and the newest of these is over 6 years old.  I would like to take advantages of the benefits of this card as soon as possible and I have not seen another card with comparable rewards; but I am conflicted, given the scores and circumstances that seem to have been approved & denied.  I am thinking that my low income (grad student stipend) and not great credit score mean that I will probably not be approved for this card; but, I do not have any experience with this, so I thought I would seek some advice. Thank you in advance for any help!

MJ8121 wrote:
Thanks for the advice on Capital One.  I tried the prequalify there and it said "we couldn't match your records to a card offer.  But based on your answers, we think you might like this card" (the QuicksilverOne).  I guess that means that I am not pre-approved for any of those cards? Just as a general question: if I apply for the Sallie Mae MC and am denied, how long would you all recommend waiting before applying for a different (more easily attainable) card?Recon first before applying for another if declined...  I believe the UW/Analyst are open 24 hours a day..  Not sure on the other answer, but sure other people will weigh in...   I still think the sticking point is no CC history even with the Apple CC from barclay's which is their easiest.. Barclay's isn't known to be a lender that wants to hand out credit to a person new into the game nor do they really like to have more exposure than other lenders either.. Obviously there are exceptions to every rule. As stated if you can afford a TU pull go for it, only 1 TU pull or should only be one against TU..  Otherwise I would suggest going for a Discover or Cap1 where you don't need cc history persay..    

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