06-08-2009 06:25 PM
capital one can be prime but a lot of times they end up not being. i would be interested for a follow up of the limit.
I would really consider a store card, she has a better chance of getting that.
if you don't care about limits or rewards and just want another card, householdbank would for sure approve and they have a pre qual also
06-08-2009 06:35 PM
06-08-2009 06:49 PM
When you paid the electric company collection it changed the last activity date to Feb. 09, effectively making it appear newer and costing her more points on her credit score. Even though a paid collection looks better on a manual review, none of us knows how this might be "seen" in an online application being handled by computers.
Unless you have a special need for another card right now I would add her as an AU to your Best Buy card and then just sit back and wait. AUs benefit from the history and credit limits of any card showing up on their reports. Give the paid CO and her new card time to age. Then apply for a new card when she can get a good card that she'll want to keep forever.
06-08-2009 07:20 PM - edited 06-08-2009 07:20 PM
06-08-2009 07:23 PM
because with 3 accounts, auto or personal loan, credit card, store card(no visa store card) you are maximizing all the different types of credit which helps with score.
so if you don't need a personal loan or car loan, i say just another credit card.
visa, mc, amex, discover, does not matter.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.