09-26-2007 12:08 PM
09-26-2007 12:24 PM
I'm starting out with 4 Sub Prime cards cap1 platinum $300 CL, Orchard Gold $300 CL, 1st Premier Platinum $250 CL, and First National Legacy Visa $250 CL.
My Scores are in the low 600's I have a mortgage (at a nice 6.38% rate) and a car payment (9% rate), both of which I've never been late on. I also have a Student Loan (6.23% rate), also never late. I also have a Shell Gas Card with a $400 CL, again never late.
What is the best strategy to up my credit score and get prime cards such as Amex blue/clear, Citi, or Discover, Wamu, or Big Bank cards like $5k to $10k CL's with BoA, Chase, etc..? (already took care of all my baddies minus 2 really old ones)
09-26-2007 01:17 PM - edited 09-26-2007 01:18 PM
09-26-2007 09:10 PM
Definitely not worried about refi's anytime soon. No BK ever in my life, and no defaulted amex cards either.
Thanks for the tips on what to apply for.
So after I get an AMEX what do I shoot for next?
Oh yeah, almost forgot. I have a local FCU. (www.rbfcu.org if interested) Should I try a cc app with them too? They're the ones that hold my car note at the moment.
Message Edited by jschaffer on 09-26-2007 01:18 PM
09-26-2007 10:49 PM
09-27-2007 04:48 AM
R U still a student? After Chase my first "prime" card was Blue for Students...They still count you a student if you are in grad school or even going for Phd...
. I also have a Student Loan (6.23% rate), also never late. I also have a Shell Gas Card with a $400 CL, again never late.
09-27-2007 06:31 AM - edited 09-27-2007 06:32 AM
Noah_Bodie wrote:RBFCU looks to have very competitive rates on CCs among other loans.Epinions reviews are very strong. Eight are 5 outta 5 stars. One is 4 outta 5 stars. I find Epinions posters often reserved with their praise so this speaks well of RBFCU.Read a number of happy RBFCU member posts over on CB. They might be a little more conservative than some FCUs in issuing CC CLs, but they do appear to be much more generous than a lot of banks.Finally, having a local CU where you can walk in, sit down, and talk to someone face to face makes you a human being and not just a number. That, IMHO, is a huge plus.
09-27-2007 07:30 AM
Killa cool. Have to start paying mine back in three years- but keeping fingers crossed that by the time I finish grad school the income perk up w/ help me make double payments. However, I have one group of loans at 3.75%!!! Won't pay that one off fast unless I come into a windfall! Yet, the others I will try to pay off fast.
netpanther: Nope, not a student anymore. I'm just still paying off the loan. Heh. But the good news is that I'm almost done paying it off.
Message Edited by jschaffer on 09-27-2007 06:32 AM
09-27-2007 02:27 PM
What is CB?
09-27-2007 02:38 PM
jschaffer wrote:it sounds like I would be doing good by using RBFCU for a cc....Should I try them before trying AMEX?...are FCU cc's considered sub-prime?...I heard that sub-prime cards can hurt your chances of getting prime ones.
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