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First time CC holder!

New Contributor

Re: First time CC holder!

I think Cap1 is the best secured card to start out. I believe when I had it they reported before I had the card and the AF was only $29, but included free quarterly score/report. ( FAKO )

USBank - Cash+ 9k, Harley Visa 5k, Perks+ 6k, Cash Rewards, 1k, Flex 5k ** Cap One - Quiksilver 3k
Chase - United 5k, Amazon 1k, Freedom 2k
AMEX - Blue 6k, Everyday 6700 ** Discover - 9k
CITI - Div 5k, Forward 6k, Diamond 4k ** Wells Fargo - 3k
BOA - Better Rewards 1k, 321 Rewards 9k ** 5/3 - 1k
Store Cards - Amazon 4k, Lowes 6k, Walmart 1k
Message 21 of 26
Regular Contributor

Re: First time CC holder!


anybodii wrote:

I think Cap1 is the best secured card to start out. I believe when I had it they reported before I had the card and the AF was only $29, but included free quarterly score/report. ( FAKO )


+1 I completely agree. 


Starting Score: EX 620 EQ 629 TU 645 12/17
Current Score: __
Goal Score: 710


Take the FICO Fitness Challenge
Message 22 of 26
Frequent Contributor

Re: First time CC holder!

I hope I havent short changed myself...Smiley Sad

Just keep swimming...just keep swimming...just keep swimming, swimming, swimming....
Message 23 of 26
Highlighted
New Contributor

Re: First time CC holder!

I wouldn't think of it that way, your card will do what you want it to do, build credit. After at least 6 months you'll probably be able to get an unsecured card with no AF, for sure after 11 months... Giving you enough time to ditch that card if you do not want to AF, the card will still be reported as 11 months helping your average age of accounts...

USBank - Cash+ 9k, Harley Visa 5k, Perks+ 6k, Cash Rewards, 1k, Flex 5k ** Cap One - Quiksilver 3k
Chase - United 5k, Amazon 1k, Freedom 2k
AMEX - Blue 6k, Everyday 6700 ** Discover - 9k
CITI - Div 5k, Forward 6k, Diamond 4k ** Wells Fargo - 3k
BOA - Better Rewards 1k, 321 Rewards 9k ** 5/3 - 1k
Store Cards - Amazon 4k, Lowes 6k, Walmart 1k
Message 24 of 26
Frequent Contributor

Re: First time CC holder!

Thanks for that perspective! Thats the best way to think of it! It will serve its purpose either way!!!Smiley Happy

Just keep swimming...just keep swimming...just keep swimming, swimming, swimming....
Message 25 of 26
Regular Contributor

Re: First time CC holder!

When I got my Orchard secured card it reported before I even got the card in the mail.
Started with an Orchard secured 4 years ago. Now: House, Car, NFCU Rewards Signature, Citi AAdvantage, Discover More, Capital One Platinum, Walmart, AMEX BCE
Message 26 of 26