Alright So i've been on the road to rebuilding my credit since the beginning of this year. I have one card that I currently use, Cap One (AF) with a $500CL. Other than that I have a BestBuy store card that gets used rarely with a $1000CL,and an Express Store Card with a $250CL that I NEVER used, not even sure why I applied. You can see my currenty score below in my sig. My question is when is it time to start ditching these low CL rebuilder cards and start applying for something a little better that I can actually use and completley abandon my Debit Card? I haven't had a Credit inquiry in over a year.. At this point all my card have a 0 balance, Cap one was paid off this morning actually 
My monthly spending limit is somewhere in the $1000 a month range, depending on if I travel and what not. My ultimate goal is to acquire an Amex Gold and be done with credit however I don't think my credit will get me there yet. I'd just really like to get away from using my debit card altogether.
Starting Score: MyFico: EQ 622 (3/2012)
stefjay wrote:Alright So i've been on the road to rebuilding my credit since the beginning of this year. I have one card that I currently use, Cap One (AF) with a $500CL. Other than that I have a BestBuy store card that gets used rarely with a $1000CL,and an Express Store Card with a $250CL that I NEVER used, not even sure why I applied. You can see my currenty score below in my sig. My question is when is it time to start ditching these low CL rebuilder cards and start applying for something a little better that I can actually use and completley abandon my Debit Card? I haven't had a Credit inquiry in over a year.. At this point all my card have a 0 balance, Cap one was paid off this morning actually
My monthly spending limit is somewhere in the $1000 a month range, depending on if I travel and what not. My ultimate goal is to acquire an Amex Gold and be done with credit however I don't think my credit will get me there yet. I'd just really like to get away from using my debit card altogether.
Why don't you let your history age and apply when your score is over 700? You'd have a lot more options fior better cards and higher CLs and lower APRs. What's the rush? You've been rebuilding for all of seven months now.
android01 wrote:
stefjay wrote:Alright So i've been on the road to rebuilding my credit since the beginning of this year. I have one card that I currently use, Cap One (AF) with a $500CL. Other than that I have a BestBuy store card that gets used rarely with a $1000CL,and an Express Store Card with a $250CL that I NEVER used, not even sure why I applied. You can see my currenty score below in my sig. My question is when is it time to start ditching these low CL rebuilder cards and start applying for something a little better that I can actually use and completley abandon my Debit Card? I haven't had a Credit inquiry in over a year.. At this point all my card have a 0 balance, Cap one was paid off this morning actually
My monthly spending limit is somewhere in the $1000 a month range, depending on if I travel and what not. My ultimate goal is to acquire an Amex Gold and be done with credit however I don't think my credit will get me there yet. I'd just really like to get away from using my debit card altogether.
Why don't you let your history age and apply when your score is over 700? You'd have a lot more options fior better cards and higher CLs and lower APRs. What's the rush? You've been rebuilding for all of seven months now.
+1
It's the plan/route I'm taking.
Go here to see where you stand against others (YMMW)
Starting Score: TU:650 - EQ: 672
Repo-ed wrote:
android01 wrote:
stefjay wrote:Alright So i've been on the road to rebuilding my credit since the beginning of this year. I have one card that I currently use, Cap One (AF) with a $500CL. Other than that I have a BestBuy store card that gets used rarely with a $1000CL,and an Express Store Card with a $250CL that I NEVER used, not even sure why I applied. You can see my currenty score below in my sig. My question is when is it time to start ditching these low CL rebuilder cards and start applying for something a little better that I can actually use and completley abandon my Debit Card? I haven't had a Credit inquiry in over a year.. At this point all my card have a 0 balance, Cap one was paid off this morning actually
My monthly spending limit is somewhere in the $1000 a month range, depending on if I travel and what not. My ultimate goal is to acquire an Amex Gold and be done with credit however I don't think my credit will get me there yet. I'd just really like to get away from using my debit card altogether.
Why don't you let your history age and apply when your score is over 700? You'd have a lot more options fior better cards and higher CLs and lower APRs. What's the rush? You've been rebuilding for all of seven months now.
+1
It's the plan/route I'm taking.
Go here to see where you stand against others (YMMW)
+1
Good plan!
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