Credit Card Center Advertiser Disclosure

Frequent Contributor
Posts: 382
Registered: ‎06-26-2012
0 Kudos

Re: Getting Past the $500 Barrier

If you have 2 secured cards both are 2 years old I would say close down the one (that you plan on closing anyways).


Then that $200 and pop it on to your Cap 1 secured (bringing it to 400) this right there would look better. Then after you add it on, call them and ask for an unsecured cli. Say you've been a customer for 2 years with this card, and that your willing to close it if they can't give you a better limit.


If they say no, then start adding on money - but don't use the card for more than a RedBox rental once a month. Then after adding 100 a month you should be up to 1k in 6 more months.


At that point you'd have the card almost 3 years, and if there is an AF it wouldn't have hit yet and if not you'd be up to 1k. At that point ask if they will reconisder them giving you a CLI or unsecuring the card.


If your given a "no" then by that point you will have had your other cards for a year and you could try to app for something better that will grow - walmart would be a good choice or a local CU - something that will GROW will be important.


Once you go on a mini app spree then close the Cap 1 secured and put that money into a better secured card if you still are under the 1k (again look at local CU and other cards that unsecure after a year - I think BOA does that)


Current: Eq- 624 Ex - 631 (lender pulled) TU - 661 (lender pulled)
Goal 700+ across all three

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.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* 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.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on 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.