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New Visitor
Posts: 1
Registered: ‎05-19-2017
0

When to apply?

I always just paid for everything In full not thinking I needed credit, not liking the Idea of borrowing money. Well, turns out It's a pretty big deal Smiley Tongue

 

So I decided to start with a Capital One Secured Card ($200 CL). I pay on time every month, and keep utilization under 10%.  My question Is, when should I apply for new lines of credit? 6 months, 1 year, 2 years, etc?

 

 

-Thanks 

Regular Contributor
Posts: 169
Registered: ‎05-06-2017

Re: When to apply?

Have you checked the pre-qualification site for Cap one? You can go there and see if your responsible usage has gotten you pre-approved for an unsecured card. 

Also what is your FICO on here? if the score is good enough you could try for another branded card as well assuming you've had that secured one for a few months. I read somewhere on here that it takes 6 months for a true FICO to generate. Good luck to you on your journey. lots of knowledge here on these boards. 


Gardening since 05/13/2017

Starting Scores 03/17/2017 EQ 491 TU 495 EX465 Currently 06/9/2017 EQ 544 TU 540 EX 535
Valued Contributor
Posts: 1,440
Registered: ‎02-16-2016
0

Re: When to apply?

Id say Discover too

Chase/Penfed/NFCU/BofA/BMO/AMEX/CapOne/DCU Over $155K in available credit. I have them all. Except Barclays. They suck. And Sync. They suck worse!

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