I am looking at getting a health care credit card from one of these companies:
or Chase Health Advance
in order to pay for my braces (they're no more than $3,500)
I figure it would be a good way to build my credit and I could pay it off fairly quickly - possibly within a year or so. However, since I haven't got any credit would it be hard to get approved for one of these - maybe just higher rates?
Do you know what your EQ report looks like? Score? Baddies?
GE Money Bank/Care Credit checks EQ. They give a decent limit & if you need more than they offer you can call & ask.
I have around 675+ across the board including EX likely as all three reports are identical but for the inquiries. One baddie (CO) and its corresponding CA from 2006 but 6 good CC accounts with clear payment history and 5 of them are open. AAoA of 1 year(will be 2 in a couple of months). Carecrredit just denied me. So did Crap one. I thought I made good apps. How easy are they? Recons work with them?
If CareCredit declined, then try Chase Health. CareCredit pulls EQ and Chase pulls EX, so they won't see each other inquiries, and it will spread them out across CRA's so you don't end up with too heavy an inq load on any single CRA.
It really depends on your CR's. I have seen lower scores get approved, but the derogs were a bit older, plus I have seen approvals on CareCredit with existing Tax Liens and old CA.
But who can say.
Alas!..the single CO I have is from Chase. Will wait it out now. Went on an app(gamble)ing spree and gotta call it a day.
ETA: I applied for the Cap one MTV visa..which perhaps has stronger requirements...I apped anyway cause thats what I was recommended and the online rep also told me during the chat that they would consider me for other cards automatically if I dont qualify for the one I applied for....
I thought I knew not to trust these guys without verifying...but..well...