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CC with no annual fee, FICO 628?

New Contributor

CC with no annual fee, FICO 628?

My husband currently has no cc's open, which is contributing to his not-so-hot FICO score of 628.  We are planning to apply for a mortgage in about a year, which made me think now would be a good time for him to establish a credit card and have 10-12 months of paying on time to help boost his credit by the time we apply.  Is there any chance of him finding a credit card with no annual fee with that FICO?  If so, which one?

 

Also, there's no option of me adding him as an AU, as I'm still in the process of rebuilding my credit myself.

 

Thanks!

EQ: 580 588 575 626
TU: 624 661

DH: EQ: 628 TU: 619
Message 1 of 7
6 REPLIES
Valued Contributor

Re: CC with no annual fee, FICO 628?

Any chance eitther of you are in the military? were in the Military or have family members active, reserve ro retired?
Signature line begins:
Credit is not a right, but a business transaction, one that takes into account risk, and charges accordingly based on that risk.
Your credit score is an aspect of your credit profile. Important? yes but just an aspect. Contributing/supplemental information determines the finer point of the deal. Ask any question, respect me not to get mad if the answer is not the affirmation you are looking for,
Message 2 of 7
New Contributor

Re: CC with no annual fee, FICO 628?

Unfortunately no Smiley Sad
EQ: 580 588 575 626
TU: 624 661

DH: EQ: 628 TU: 619
Message 3 of 7
Valued Contributor

Re: CC with no annual fee, FICO 628?

Consider Alliant
Signature line begins:
Credit is not a right, but a business transaction, one that takes into account risk, and charges accordingly based on that risk.
Your credit score is an aspect of your credit profile. Important? yes but just an aspect. Contributing/supplemental information determines the finer point of the deal. Ask any question, respect me not to get mad if the answer is not the affirmation you are looking for,
Message 4 of 7
Established Contributor

Re: CC with no annual fee, FICO 628?

Look at establishing a secured CC with a local credit union, preferably one that automatically will graduate to unsecured status after a period of paying on time and staying under the credit limit. 
Message 5 of 7
Valued Contributor

Re: CC with no annual fee, FICO 628?


usmc58555 wrote:
Any chance eitther of you are in the military? were in the Military or have family members active, reserve ro retired?

Thought I would borrow this thread. My dad was in the army. What card were you thinking of and what info would I need? He is no longer alive. Smiley Sad


Kathy


We are finally homeowners!!

Closed May 5th-30 yr fixed at 5.25%.

Message 6 of 7
Highlighted
Established Contributor

Re: CC with no annual fee, FICO 628?


oumedbride wrote:

My husband currently has no cc's open, which is contributing to his not-so-hot FICO score of 628.  We are planning to apply for a mortgage in about a year, which made me think now would be a good time for him to establish a credit card and have 10-12 months of paying on time to help boost his credit by the time we apply.  Is there any chance of him finding a credit card with no annual fee with that FICO?  If so, which one?

 

Also, there's no option of me adding him as an AU, as I'm still in the process of rebuilding my credit myself.

 

Thanks!


 

 

You may want to also check out the mortgage boards.  Shane says you need about two years of solid payment history for most mortgages, but post a question there.  

 

With his scores, he could try one of Capital One's rebuilder cards or Orchard.  I am not a big fan of Orchard, but they are a good builder/rebuilder card.  

 

 

pattycake's FICOs: 6/2/10 - TU: 708; EX: ???; EQ: 749
Message 7 of 7