10-04-2008 08:29 PM
Got this so far:
Secured Master Card with WAMU for $1000, reports as a Secured.
Secured VISA with BoA for $500, reports as a Secured.
Sears store card for $1400, reports as a Charge Card.
Car Loan of $8500. Payed $4000 so far.
Only 14 month long credit history
No lates, always pay more than minimum, carrying about a 35% balance on the BoA and WAMU cards, 0% on the Sears.
Scores are in the lower 700's.
I'm wondering if I should apply for another credit card? I was offered an AMEX card only to be rejected when I actually applied. I'm not really sure if I need another card or not; mainly I had wanted to get a card from each of the major CC companies but is that really necessary? What other options do I have here? I'd like to get an Unsecured card but don't want to waste an Inquiry since WAMU should graduated me soon... I've hard the card for a year and want my $1000 deposit back, dammit!
Anyway, any advice would be helpful. This site has been a great help to me and thanks in advance to all who contribute
10-04-2008 08:47 PM
10-04-2008 08:55 PM
I've had the WaMu card since August of last year, making it my oldest card.
I just got the BoA and Sears cards 5 months ago.
They don't have anything printed on them that indicates when they go Unsecured, only an expiration date like any other credit card.
Those are real FICO's as obtained by this website. They might fluctuate between 710 and 735 depending on my spending patterns on any given month.
Thanks for the bit about the Sears card, I was wondering why it reported as a Charge Card since they do allow me to carry a revolving balance. Guess it's just a little different?
So getting an Unsecured card from a credit union might be a good option then? I had thought about that but I guess I'm kind of "eh" on using another inquery to get another VISA or MC which I already have... that seems to be the only cards that the Credit Unions carry.
10-04-2008 09:16 PM
I would highly recommend PenFed.
Please read this
Besides, your secured BOA is going to graduate in 4 months.
IMO you have good chances with Chase and Citi.
Discover denied me when my credit file was 12 mos old, but YMMV.
I would not recommend Amex, it is very unreliable.
10-04-2008 09:36 PM
PenFed looks awesome but I don't qualify. Neither I nor anyone in my extended family are in the military (we are all immigrants) and even though I work for a military contractor that does alot of work for the Navy and USMC, it's not listed on PenFed's website.
I would love to get a PenFed card though. Maybe I need to go meet me some lady Marines
10-04-2008 09:56 PM
Anyone, who has SSN qualifies to join PenFed through National Military Family.
If you have family working for Navy, make them join Navy FCU and then join yourself. People say that NavyFCU is awesome.
I also recommend Alliant FCU, YOU CAN JOIN THROUGH Nat.PTA.
10-04-2008 10:01 PM
The problem is no one in my family works for the Navy. We're all "fresh off the boat" so to speak
I'm the one that comes closest, working for a military contractor. I've even worked aboard the ships designing structural modifications but for some reason my company is not on their list of elligible contractors.
Maybe I'll call their customer support line and ask them WHY we're not on their list of elliglble companies... seeing as we do tons of work for them.
10-04-2008 10:06 PM
10-04-2008 10:12 PM
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