Re: No Credit GF Approved 3k Barclay!!

Desmoire · ‎09-08-2014

My girlfriend is 23 and has 0 credit. Since we have big plans for our future, I figured now is a great time to start building her credit. I was blown away when she was instantly approved for a $3000 CL with barclay!! Amazing! (When I had no credit, i was approved for only $500 with cap 1)

Now with all the help I can get from you guys, we are on a mission to build her credit the quickest and most efficient way. Obviously keep under 9% balance and pay it off each month, her and I have agreed to this. What else should she do? Creditors like a mix of types of credit, should she apply for a Line of Credit with our bank in 6 months (her car is a nice hand me down so a car loan is out of question for now) Should she apply for a new credit card every 6-12 months? How quickly can she get an AMEX and try for the 3x CL Increase trick? And lastly--what can she expect her credit score to start at in about a month?

Thanks as always guys!!!

FlawlessShineAutoSpa · ‎09-08-2014

Congratulations on your GF approval for the Barclay CC! May she continue Success in The World of Credit Cards!

American Express Blue Cash Everyday $2000 •• Cap1 Venture One $10K
Barclaycard Rewards Mastercard $1500 •• Chase Freedom Visa $3500
Cap 1 Quicksilver Visa $5000 •• Cap 1 Quicksilver Mastecard $2000
Syncrhrony $1500 •• Citi Double Cash $1700 •• Cap1 Spark Classic $2000
Credit One Visa $500

Desmoire · ‎09-08-2014

bump

twist7d7 · ‎09-08-2014

@Desmoire wrote:
My girlfriend is 23 and has 0 credit. Since we have big plans for our future, I figured now is a great time to start building her credit. I was blown away when she was instantly approved for a $3000 CL with barclay!! Amazing! (When I had no credit, i was approved for only $500 with cap 1)

Now with all the help I can get from you guys, we are on a mission to build her credit the quickest and most efficient way. Obviously keep under 9% balance and pay it off each month, her and I have agreed to this. What else should she do? Creditors like a mix of types of credit, should she apply for a Line of Credit with our bank in 6 months (her car is a nice hand me down so a car loan is out of question for now) Should she apply for a new credit card every 6-12 months? How quickly can she get an AMEX and try for the 3x CL Increase trick? And lastly--what can she expect her credit score to start at in about a month?

Thanks as always guys!!!

Go for the amex in 6 months and shoot for the 61 day CLI. Amex was my second card and approved me for 2k with either 4 or 6 months of history. I wouldnt get a line of credit from your bank unless you need it. $0.02

AMEX PRG (NPSL) Lowes (10k) CSP (7.2k) AMEX BCE (6k) Cap1 QS (3.5k) Citi DC (2.6K) BofA (2.5K)M&T Bank visa (2k) Discover iT (1800) Slate (1k)
Age: 22 Scores ~710 across the board
Future Cards Sallie Mae, US Bank Cash+, Freedom
Goal increase CLs by 20k in 2015

Anonymous · ‎12-03-2014

Congratulations on your approval OP. Twist, did you have any derogatory or CA on your report when you were approved for the Amex? Did you get the charge card or credit card? Do you remember your scores when you were approved?