Credit Card Center Advertiser Disclosure†
09-20-2012 02:43 PM
09-20-2012 02:45 PM
Amex Zync would be a good choice! Maybe Wal Mart Discover....
09-20-2012 02:48 PM
09-20-2012 03:08 PM
For practicality purposes, I will try Barclay first. The Apple Card seems to get the more approvals than any of their other cards.
The reason I will try that first is that you are more likely to get approved and you are more likely to get a decent CL. Compared to all your other options. Be prepared to call and recon. You will either be instantly declined or you will be given a less than ideal credit limit. Just call and they'll almost invariably approve you.
After about 3-6 months with the Barclay, you can then apply for other cards. True, Barclay's is inquiry sensitive but you will be okay as long as you don't go on an app spree after getting their card.
09-20-2012 03:53 PM
09-20-2012 05:11 PM - edited 09-20-2012 05:12 PM
Zync is an AMEX charge card, payment in full is due about 2 weeks after the statement cuts. they want 6 months credit history on one or more cards, and a 620 or better fico they pull EX usually. Since you qualified for a home loan your score is most likely good enough.
For anything else your file is very thin, having your loan report may help things, you may want to try for a cap1 card now. Check there pre-approvals. 3 hard pulls... easy to get, but at a price 3 HP's and a annual fee usually.
After you have 12 months experience with 2 or more credit cards you should be good for Chase freedom, or something from citibank.
Homedepot (citibank co-braned easier than a full citibank card) shoud be possible very good for CLI's when you need them
If you can get your scores over 700 by the 12 month mark you chould then apply for a AMEX revolver like AMEX Blue Cash Everyday.
You could try for a Walmart Store (ge money bank) card currently, I think they like a 640 or better especially with thin files, you most likely you. It comes with your TU fico score monthly if you go paperless. You can get upto $60 per day over on purchases with no fees. CLI's every 4 months if you ask. All GE backed cards pull TU, and CLI are SP's
If you get Walmart Store card you could then apply for Amazon store (ge money bank) card good for no interest deals at $150 or above. same as the walmart card
09-20-2012 05:20 PM
09-20-2012 06:26 PM
09-21-2012 09:56 AM
Barclay's Apple can be used anywhere. It is really just a regular VISA card. It won't be an ideal card if you carry a balance- interest rate is super high but it has worked really well for me in terms of growing with me. I also opened two accounts after my Apple card and didn't get any AA from Barclay.
Since you are going to apply after you get funded, you can see if you qualify for the Zync since it will be a good card for backdating purposes. Then you can move on and try other issuers if you get denied.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.