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New Visitor
IDrummer3
Posts: 2
Registered: ‎10-06-2013

Newbie Credit Card advice needed

I was just approved for my first credit card (Cap1 Platinum MC) in the past 8 years. The last time I checked my score was around March and it was around 640. Since then I have been making payments on 2 loans both on time. I'm assuming I am still in the mid to high 600s. Should I apply for another card to help boost my score? If so what would I be the most likely to be approved for. Thanks in advance.
New Visitor
IDrummer3
Posts: 2
Registered: ‎10-06-2013

Re: Newbie Credit Card advice needed

Also it may be worth noting I have also had Directv in my name since January. Also with no late payments.
Frequent Contributor
Meltdownblitz
Posts: 374
Registered: ‎06-01-2011

Re: Newbie Credit Card advice needed

If you don't have any baddies on your CR you might be able to pick up like a Walmart card. Your honestly best off waiting 6 months if you just got that capital one card, use it heavily up to the CL and PIF. If you have any baddies try to pay them off and remove them. There's not much you can do with technically 1 month or so of history, depending when you got that cap 1 card. However in 6 months or so you'll be able to qualify for a few much better cards.
 
Valued Contributor
B335is
Posts: 2,902
Registered: ‎09-22-2012

Re: Newbie Credit Card advice needed

I would look at your reports (if you havent already) so you know for sure where you stand. If you have to recon anything you will want to do so fully prepared.

What kind of utilization is reporting on your Cap1 card and what are you looking for in a new card are some things to consider.
Valued Contributor
B335is
Posts: 2,902
Registered: ‎09-22-2012

Re: Newbie Credit Card advice needed

*I should add that since the Cap1 account is new and you may have a thin file you may want to consider waiting it out another 6 months.
Community Leader
Senior Contributor
myjourney
Posts: 25,277
Registered: ‎02-07-2013

Re: Newbie Credit Card advice needed

[ Edited ]

IDrummer3 wrote:
I was just approved for my first credit card (Cap1 Platinum MC) in the past 8 years. The last time I checked my score was around March and it was around 640. Since then I have been making payments on 2 loans both on time. I'm assuming I am still in the mid to high 600s. Should I apply for another card to help boost my score? If so what would I be the most likely to be approved for. Thanks in advance.

Welcome to the forum

A lot more info is needed as one poster stated need to pull CR's 

INQ's in the last year?

Scores?

Baddies?

What type of loans/TL's do you have now?

What type of cards are you looking for cash back/ travel?

Do yu shop at Walmart?

How old is the CAP1?

"Intelligence plus character--that is the goal of true education"
Cap1 EO link below
http://lmgtfy.com/?q=Capital+One+CEO+email+address+#seen
Last 5 apps 6/6/13

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