Credit Cards Center Credit cards from our partners
Reply
New Visitor
Posts: 2
Registered: ‎10-06-2013
0

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
Posts: 2
Registered: ‎10-06-2013
0

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
Posts: 380
Registered: ‎06-01-2011
0

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.
 
Community Leader
Super Contributor
Posts: 7,689
Registered: ‎09-22-2012
0

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.
Community Leader
Super Contributor
Posts: 7,689
Registered: ‎09-22-2012
0

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.
Highlighted
Community Leader
Senior Contributor
Posts: 27,607
Registered: ‎02-07-2013
0

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?

+ Chase ink =




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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.