08-14-2012 07:08 PM - edited 08-14-2012 07:25 PM
I've been rebuilding my credit for the last 6 years and I'm nearing the end of the road but need some assistance in getting over the last hurdle.
I currently have the following:
- 3 baddies - 6+ years old (I can't wait til they fall off!)
- 1 low limit Orchard Bank account (now Cap One)
- Student loans in good standings
- 1 Auto Loan (Paid 2 years ago)
- FAKO scores around 695
Goals in the next 1 - 1.5 years:
- 2-3 high limit credit cards
Things to avoid:
- Anything that will negatively affect my credit for more than 1-3 months
- Chase, Wells Fargo
- I had an Amex that went to collections but I paid it, right after it high the first collections level. At the time they offered to open a new $5k account with them (I stupidly declined because I was pissed at them)
I'd love to get some of the prime credit cards but I'm afraid that I probably won't be able to until the 3 baddies drop off in a year. In the mean time I'd like to do what I can to get my credit in the best shape possible and graduate to the higher limit cards with no fees and good rewards (e.g. cash back or airlines).
I am willing to do a secured card with a high limit (e.g. 5k) if that helps. But I want to make sure that it doesn't report as secured and has the option to graduate to an unsecured.
Does anyone have some recommendations?
08-14-2012 07:26 PM
Have you looked into some credit unions you may apply for? Too bad chase is out of the question. Nonetheless how about Amex, discover , citi or is bank?
08-14-2012 07:35 PM
I certainly would be interested in Citi or Amex. It's just a matter of what they will give me... I don't want to applying willy-nilly to try to find a card. I want whatever card I apply for to have a very high chance of getting it.
I've been considering a Cap One - 1% rewards card as I got a pre-approval in the mail. This is the kind of card that I want (rewards) but I don't want some crappy 1k limit.
08-14-2012 07:42 PM
Whogavemecredit.com research cards from those banks and then check that site. If your fico is close to that fako you could possibly get a Zync. If you want a revolver I've read that the delta Amex gold isn't bad
08-14-2012 08:02 PM
The Whogavemecredit.com website is giving me an error. It looks like their site is down.
yep....i'm getting the same thing
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.
* 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.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com 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.