Get a new credit card?

Anonymous · ‎03-25-2010

I recently checked my experian credit score and it was 723. If I remember correctly it went up from 718 from back then. Small change, but at least it's a positive change.

Anyway, I am 23 years old and still in college. I have two credit cards: a Bank of America student platinum plus card and a Movado store credit card. The report says I have no hard inquiries. My oldest account age is 3.6 years which is the BoA card and my AAoA is only 1.9 years. I only had one late payment which was 2.3 years ago. My Movado card is paid off and it has a limit of $1500. However, my BoA card has a limit of $1000 and I still have $963 left to pay off.

Now that you have a quick overview of my credit story, should I pay off the rest of it or get a new card?

Thanks in advance everyone!

Uborrow-Upay · ‎03-25-2010

Pay off the BoA card. You'll be thrilled with the increase in your score when you do that, too!

You don't need another card just now. I'd wait a year.

laz98 · ‎03-25-2010

where did you get your experian score from?

Wolf3 · ‎03-25-2010

Pay off BofA first , then get another card. Pick something you want to keep for a long time.

Anonymous · ‎03-25-2010

Pay off the BoA to get the best chances when you aply for a 3rd card.

Anonymous · ‎03-26-2010

Thanks everyone.

laz98, I got my experian score from experian. I'll probably check all 3 of my scores from myfico when I get back from vacation.

laz98 · ‎03-26-2010

i'm surprised no one mentioned this, but you cannot buy your experian fico score from anywhere. it is no longer available to consumers, unless you belong to a couple of credit unions (don't know their names). so the experian score you got is just a fako, a fake score.

Anonymous · ‎03-26-2010

@laz98 wrote:
i'm surprised no one mentioned this, but you cannot buy your experian fico score from anywhere. it is no longer available to consumers, unless you belong to a couple of credit unions (don't know their names). so the experian score you got is just a fako, a fake score.

http://www.psecu.com/

Anonymous · ‎03-26-2010

Nevada Federal Credit Union said they only pull Experian (was my highest score on 2-13-2009) and they would give me my score when I aply for the VISA card I'm lining up for. She told me should would give it to me before they added their mix to a fico score. I have very high hopes.

Anonymous · ‎03-26-2010

Well then. I guess I wasted $1.06 on that fako score. If I purchase the "Fico Standard" report for $15.95, will it send me the scores from both TU and EQ, or just one of them?