@Anonymous wrote:
Can anyone recommend a good credit card for a 551 and rising FICO score? I have since bought my student loans current which were past due for a while, so I'm assuming I'm up from there. I applied for a credit card recently and was turned down. I have no revolving credit and I know that this is hurting my credit score. Is there a card that any of you would recommend that I am likely to be approved for? BTW, I make a good salary and have low living expenses and loan payments, no current credit card debt either.
What card did you apply for? Before you app for anything else take a deep breath and get some advice. I think you might be able to get a rebuilder Cap One card and probably an Orchard card.
Check the preapproval for credit cards over at BofA. Worst case you could get a 300 Dollar secured card from them. Low annual 29 Dollar fee and the ability to add money to the account and raising the credit limit. The card unsecures after 9 months I believe. Check into that. You need to be a bit careful on the back end of unsecuring the card to make sure you get a no annual fee card which has the promise of decent limits down the road. check their website for preapprovals.
Look into the possibility of being added to a GOOD card as an AU if you can. Good luck.
