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NFCU Signature Reward

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HisFirstLady
New Contributor

NFCU Signature Reward

I was approved for my very first credit card with a $5k credit line is this enough or should I get one more card? I'm trying to boost my score in 4 months from 605 to at least 620
Starting Score: (3/26/2013) EQ Fico 603, TU Fico 569, EX(plus) 584
Current Score: (5/8/13) EQ Fico 670, TU Fico 729 EX Fico 689 (lender pull)
Goal Score: 700+ across the board........

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3 REPLIES 3
LS2982
Mega Contributor

Re: NFCU Signature Reward


@HisFirstLady wrote:
I was approved for my very first credit card with a $5k credit line is this enough or should I get one more card? I'm trying to boost my score in 4 months from 605 to at least 620

CONGRATS!!!

 

I would garden that card for 6 months then go for prime cards (Discover / AMEX / Chase).




EQ FICO 548 3/3/16
Message 2 of 4
HisFirstLady
New Contributor

Re: NFCU Signature Reward

thanks! I really don't like using credit cards hence why I'm 30 and never had one but apparently they help with building credit
Starting Score: (3/26/2013) EQ Fico 603, TU Fico 569, EX(plus) 584
Current Score: (5/8/13) EQ Fico 670, TU Fico 729 EX Fico 689 (lender pull)
Goal Score: 700+ across the board........

Message 3 of 4
webhopper
Moderator Emeritus

Re: NFCU Signature Reward

What is the reason behind the need for a 620?

Are you looking to apply for a mortgage or other loan anytime soon?

 

If so...

 

 

Welcome to the MyFICO Community Forums!!

I see that you are looking at the possibility of a mortgage in the future... since that is the case, I highly recommend that you check out the MyFico Mortgage Loan forum.

 

Below is a short list of helpful mortgage loan related links that may help you prepare for the process:

Guide to Common Abbreviations - Barry


Mortgage Acronyms & Abbreviations (what does PITI mean?) - ShanetheMortgageMan

Good Faith Estimates Explained - ShanetheMortgageMan

The Mortgage Pre-Approval Process - ShanetheMortgageMan

Evaluating Conventional vs. FHA (VA & USDA)- ShanetheMortgageMan

Definately feel free to post any questions you have about DTI and Pre-Approval Odds over there! 

FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.

Goal: Gardening!


Message 4 of 4
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