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okay, so time to garden thats what i figured. i was thinking i should wait until discover gives me CLI, then once that reports, apply for another card. for a low limit like mine do you think they auto cli after six months? at that point what is a good card i should apply for? a no fee visa of some sort? recomendations?
excuse the spelling, i am on my android!
@cottoncrown wrote:okay, so time to garden thats what i figured. i was thinking i should wait until discover gives me CLI, then once that reports, apply for another card. for a low limit like mine do you think they auto cli after six months? at that point what is a good card i should apply for? a no fee visa of some sort? recomendations?
excuse the spelling, i am on my android!
Welcome to the forum
Yes use it for 6 months see if they give you a CLI while in garden for 6 months before applying for other no fee cards good luck and see you in the garden
This is not advice, just what I think... These credit companies are in a HUGE competition now. Discover it, is new a card trying to pull in who ever they can. Capitol One is not. However, your on the right track, just slow down for a while with applying for any more credit. Always keep this in mind, THERE IS NO FAST WAY TO INCREASE YOUR CREDIT SCORE!!! The slower you take it, the better. I started just like you, no credit history, nothing. I went to Macy's & applied for a card & they gave me a $100.00 credit limit (embarrassing) 10 years ago, now I have their Macy's Amex )I was 34 at the time). Give yourself some time with the Discover card, don't use it too often, DO NOT GO CLOSE TO YOUR CREDIT LIMIT (not even half way). I did & those modcut reported me to the credit bureau's & my credit score went down to 751. Just buy minor stuff that you can pay in full when you get your statement & let time do the rest. Oh, try never to carry a balance, that's only good for the credit company, not for you. & try applying for another card in December, you should do well. Good Luck!
Edited to remove mild profanity.
Shogun
haha, actual lol'd at the embarassing 100$ macys limit.so funny. thanks for the advice.
@Bobby1146 wrote:This is not advice, just what I think... These credit companies are in a HUGE competition now. Discover it, is new a card trying to pull in who ever they can. Capitol One is not. However, your on the right track, just slow down for a while with applying for any more credit. Always keep this in mind, THERE IS NO FAST WAY TO INCREASE YOUR CREDIT SCORE!!! The slower you take it, the better. I started just like you, no credit history, nothing. I went to Macy's & applied for a card & they gave me a $100.00 credit limit (embarrassing) 10 years ago, now I have their Macy's Amex )I was 34 at the time). Give yourself some time with the Discover card, don't use it too often, DO NOT GO CLOSE TO YOUR CREDIT LIMIT (not even half way). I did & those modcut reported me to the credit bureau's & my credit score went down to 751. Just buy minor stuff that you can pay in full when you get your statement & let time do the rest. Oh, try never to carry a balance, that's only good for the credit company, not for you. & try applying for another card in December, you should do well. Good Luck!
It sounds like your utilization was just high and because it was still high when your statement cut, your score lowered as a result. They aren't assholes for reporting your statement balance. All you need to do to avoid that is pay BEFORE the statement cuts to lower your utilization to the optimal range. I regularly put high balances on my Barclay when it was my only card, as well as high balances on both my Discover and Amex in March and April, respectively, and had no problems. OP, as long as you can PIF or at least pay most of it, use your Discover as much as you want. Might as well rack up the rewards.