07-20-2012 09:21 PM
Does anyone have any information about Credit One Bank Credit Cards? I do realize they have higher fees, but I am rebuilding credit and I only have a secured credit card at the moment. The fees could possible be worth it if it shows good credit history by using their credit card responsibly.
07-20-2012 10:03 PM
07-20-2012 10:07 PM
credit one was first national bank of marin. their cards are one step above first premier. because of the negative press they r trying to act like capital one with the credit one name, but a quick check of fees and you'll see. my advice is NO!!!!!
07-20-2012 10:40 PM
I have one secured capital one card now and I've been reading that 3 cards is key. I'm just not sure where to turn for the remaining two. My husband has great credit and we are wanting to purchase a new home about a year from now. So I'm hoping it would be a short term card. Something to boost my credit while establishing a good history.
07-20-2012 10:50 PM - edited 07-20-2012 10:54 PM
go to your local credit union and get one one of their cards. go CapOne secured. Go PNC secured (must enter a branch) but please stay away from Credit One. you want a credit card with at least $2k behind it and a company that issues prime cards as well. that way, no one can read your report and say........he/she had bad credit. aoply for target, walmart or a gas card (stay away from citibank cards
07-20-2012 10:54 PM
Thank you. I'll try a local credit union.
I just seem to be stuck in a rut. My scores increased a lot between March and early June, now they seem to stay the same. I know my scores are too low for a normal credit card at this point in time. But I'm trying everything to get where I need to be.
07-20-2012 11:39 PM
hopefull...be put as a AU on your husband's c.c.'s...if this is possible. This should solve the issue, just make sure if you are app'ing do it before the 1 year mark prior to the time you will be looking to land the loan. Also your score will see a nice bump after you get your house!
07-20-2012 11:44 PM
I've been an AU on 3 of my husbands CC's for almost a year now. My score didn't really move at all because of it (not that I saw). The three I'm on are his cards that have been open the longest and have very low utilization rates (about 5%). I have been told an installment loan would help but the only way I can get one is if it's secured, which I'm working on saving money for this. Or if it's with a co applicant, which I've been told will not help me as much as it would if it were solely in my name.
07-20-2012 11:44 PM
You won't see to big of a jump in your score for the 2 additonal lines (maybe 5-20 points after the INQ drops). Do you know what baddies and all the App's you have done in the past 2 years? The score increase varies due to the wide variety of profiles and no one 100% knowing the score model (does fico even know????).
07-20-2012 11:49 PM
Installment loan can help by showing a differnt line of credit, similar to a mortgage. A car financed in your name would be the same thing, so if you do already have a car in your name; this wouldn't change...and more then 3 (active) can actually start affecting your credit. I would shoot to get maybe a $500-$1000 secured loan for 1 year. GL on your journey to PRIME land, please stay away from the sharks.
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