08-08-2010 05:19 PM
Sorry if there is already a topic on this, but I couldn't find one specifically on my question. Basically I have just started the path to rebuilding my credit. Long story short, I picked up some credit cards and really screwed up my credit with them. At the moment I have the CapOne $300CL card, and just recently got that in the past week or so. With that being the case, I'm looking to try and find another card that I have a decent shot of being accepted for. One site said my score was 562, and another said it was 510. I haven't purchased a service yet (that is another topic that I'm reading up on here and am looking for the best site for my needs). So basically I was just wondering if anyone knew of some department store credit cards that I have a high probability of being accepted for. In a perfect world I'd love to get something at like Best Buy, but have heard of some friends with much superior scores get declined from them, so am likely to just forget that dream. At this point I really don't even think I care which store it would be from, and just want something that I can make a few purchases every so often so I have a balance to pay. So, do you guys know of any particular stores I would have a good shot at being accepted with? Thanks in advance!
Also, if there already is a topic on this, I apoligize and feel free to merge it with another ongoing topic.
08-08-2010 05:49 PM
I would suggest buying at least 1 score from here at myfico.
you could get the best buy mastercard most likely but that will not be the same as store card
Macy's use to be a good option for a $100 or $200 starting line and they increase quickly
08-08-2010 05:54 PM
I have definitely looked into that, just wasn'te sure if when I bought a service that I plan to use monthly if maybe that would be included anywhere (I'm so new to being serious about this, I honestly don't know at this point). I'm surprised you say that about Best Buy (not saying you're wrong by any means at all, BTW). I just know my friend has a score in the high 600's and he was declined.
I will definitely be looking into Macy's, right now infact.
08-08-2010 05:57 PM
no not best buy store card, best buy mastercard... two totally different products for HSBC.
if you do a search for pre approval link for best buy mastercard you can go do that and it will be a soft pull and they will make an offer to you. if you then apply it will be a hard pull.
They seem to be offering the Gold card with no annual fee lately but CL's start at $100
08-08-2010 06:02 PM
Ohhhh, I got you now... didn't even realize there was a difference. I will definitely have to search now to see if I can find a preapproved link for their preapproved card then. Thanks for the great info, it's much appreciated.
08-08-2010 06:12 PM
Actually found that after I posted my last reply, but thanks anyway for the link. To my surprise, I was actually approved for the $300CL (was expecting it to be at the $100 range)... Either way, very excited about this, especially since we are moving soon and could use some smaller and newer electronics around the new place Once again, Iw would like to thank you for your help.
08-08-2010 06:18 PM - edited 08-08-2010 06:50 PM
Yeah, that's what I'm hoping for... still not sure where I'm going to go for a better card (BoA hates me, so they're out of the picture lol), but I'll cross that bridge when it comes.
08-08-2010 06:29 PM
Welcome to the rebuilding game! My scores are in the mid to high 600s for eq and tu, but high 500 for ex. However, just 5 months ago, I was dealing with very low 500s, so it can go fast if you go about it right, I promise and you are doing the best thing, learning and reading and coming here. I have learned the best info here, www.whogavemecredit.com, and others to check scores before applying to try not to wast an inquiry. My first card was First Premier, crazy apr, 79.9%, but I would say that if Capital One has given u a chance, then dont accept First Premier, they arent worth it and cap 1 is much better. Has Cap 1 sent u a letter telling u that you are in their credit steps program yet? I got it a month after getting the card, said if I paid 3 payments on time, didnt go over balance, I would get auto increase to 500 by 5th statement, I got balance to 500 before 3rd statement hit and csr told me u will stay in credit steps program till they take u out, getting auto clis every 90 days.
In May, I got a JcPenney card, in store, I have heard many many good stories about this card and u yoursel can check www.whogavemecredit .com and others for scores, they gave me in store instant credit of 200, my first store card, couldnt believe, so excited. Since May, I have picked up the following:
Walmart 1200 (huge cl), chevron/texaco gas card 350, hsbc direct rewards discover (to replace my first premier) 300, Best buy reward zone mastercard 100 (joke, I know, was going to be a suggesstion but I see u tried it) and last but not least, today, paypal buyer credit 500.00
I am officially taking a credit hold, I cancelled the terrible first premier with the horrible rates, I have baddies that will mostly all fall off next year. I would recommend if you havent tried already, try GEMB, they back JcPenney (which u can use at cvs, rite aid,)walmart, chevron, paypal, lots others, obviously and luckily they luv me ;-) Oh another good suggesstion, if u can, try to apply in the actual store, versus online, u tend to get approved more often and for bigger limits then if you do online. I would try Jcpenney, walmart, Macys, and Im sure you can find lots of other research about cards approved with ur scores. Otherwise, sit with yoru new Best buy card for about 4-6 months and u will be close. Good luck my friend!!
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.