12-26-2012 04:08 PM
I currently have 631 CS. I would like to get a credit card to build more my credit. I would like to know what would be the best credit card to get in order to start building my credit profile.
Any help would be appreciated!
12-26-2012 04:35 PM
Hello, and welcome to the forums.
In order to help you, we really need a little more information. Did your credit score come from myFICO, or did it come from another site? As HiLine said, there are many types of credit scores and we need to be sure that we're comparing apples to apples. Also, have you pulled a copy of your full credit report? If so, are there any pieces of negative information ("baddies") on there, such as collections, charge-offs, judgements or late payments? Do you have any active accounts, and if so, what type? Credit cards, installment loans such as car payments, student loans, mortgages, etc? How much do you owe on your accounts relative to their credit lines? How old is your oldest account, and what is the average age of your accounts (AAoA)? Have you applied for credit recently, and if so, how many inquries are on your report?
None of this is to pry, but rather to help evaluate your situation and give you the best possible advice. Different credit cards have different approval criteria, and the information above will help to determine which cards are likely to be a good match for you at this point in time.
12-26-2012 05:04 PM
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.