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Member
lydiadietz
Posts: 17
Registered: ‎08-10-2008

Now What? Need advice on next step

So after a recent kerfaffle with Chase (they required a copy of my SS card, I couldn't get one in time. Mine was lost) I decided to app for something else. Since my AAOA is 1yr 6Mo and my current cards are Credit One $300 and Household Bank $750 I didn't want to get too cocky so I applied for the Ebay Mastercard. I figured I like Ebay a whole lot and if denied I'd at least get the paypal credit, well, I got approved for $2500!!! My question now is: should I apply for something like a Capital One card and dump Credit One? I really hate the monthly fee and the $7.95 to pay online, or do I suck it up for another year or so until I can qualify for something better? I'm afraid the bigger lenders won't take me seriously as a current Credit One holder. Opinions?
Member
lydiadietz
Posts: 17
Registered: ‎08-10-2008

Re: Now What? Need advice on next step

PS- I forgot to mention that my FICO's are mid-700's and I have 1 inq EX and 1 TU.
Frequent Contributor
FicoScore626
Posts: 253
Registered: ‎09-01-2009

Re: Now What? Need advice on next step

[ Edited ]

 


lydiadietz wrote:
So after a recent kerfaffle with Chase (they required a copy of my SS card, I couldn't get one in time. Mine was lost) I decided to app for something else. Since my AAOA is 1yr 6Mo and my current cards are Credit One $300 and Household Bank $750 I didn't want to get too cocky so I applied for the Ebay Mastercard. I figured I like Ebay a whole lot and if denied I'd at least get the paypal credit, well, I got approved for $2500!!! My question now is: should I apply for something like a Capital One card and dump Credit One? I really hate the monthly fee and the $7.95 to pay online, or do I suck it up for another year or so until I can qualify for something better? I'm afraid the bigger lenders won't take me seriously as a current Credit One holder. Opinions?

If you have a bank account you can probably submit an online payment to Credit One through your bank for free. At least it worked with the vultures at First Premier and their equally digusting fee to pay online.

 

Congratulations on the Ebay mastercard. :smileyhappy:

 

Established Contributor
jefftca925
Posts: 680
Registered: ‎08-14-2008

Re: Now What? Need advice on next step

If it was me I'd dump Credit One in a heartbeat.  I think the fees these vultures charge are criminal to say the least.  You've gotten a better card and it will grow with you.  And not drain you of your hard earned money.  The closed account should stay on your CR for another ten years and should help your AAoA for that long.  Just make sure it's PIF when closing so not to impact your utilization.  Good luck and CONGRATS!!

CCs: Chase Freedom World MC 6.9k, CSP VISA Sig 7k, BofA Amex 12.5k, Discover 10.5k, US Bank Cash+ Visa Sig 12.5k, Macy's Amex 8k/1.5k, Gap Visa 10k, Best Buy 11.1k, Citi TY MC 9.2k, Citi AA Amex 6k, Nordstrom Visa Sig 10k, Amex Zync, Costco Amex 12k, BofA CR Visa Sig 17k, Amex BCP 9.5k, Amex Blue 5k, Sears MC 9k, HD 7k, Target 600, Amazon 7k, US Bank MC 15k, US Airways MC 4k, NFL Visa 4k, Patelco Visa 10k, Penfed PR Visa 44.6k, Chase United Visa Sig 13k, Chase Marriott Visa Sig 8k, Citi Simplicity 11.4k, PayPal MC 5k, Compass Visa 4k, WF Visa Sig 14k, FNBO Amex 14.1k, OCCU VISA 15k, TR Visa Sig 10.8k, Capital One QS Visa 3k, FRN MC 12k, Vitacost MC 12k, HSN 4k, Saks WEMC 10k/4k, Chase Ink 18k, Barclay Arrival 10k FICOs as of June '14...EQ 808 TU 804 EX ?
Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010

Re: Now What? Need advice on next step

 


lydiadietz wrote:
...: should I apply for something like a Capital One card and dump Credit One?...
 Yes

 

Mega Contributor
Creditaddict
Posts: 18,558
Registered: ‎10-23-2007

Re: Now What? Need advice on next step

I would apply for Capital One and close Credit One.

Keep in mind your now in with GE, so any store cards you want, you will probably get decent limits too. Dillards, Walmart, Sams, Chevron, Gap, etc.

Fico Scores: EQ 639 Navy, TU 667 GE, EX 677 Prosper (06-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
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Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007

Re: Now What? Need advice on next step

With those kind of scores, you should also check into Alliant, Nationwide, and PenFed. You can qualify for PenFed by joining the American Red Cross or the National Military Family Association. (You don't have to be in the military.)

 

If you're interested in PenFed, app there first. They don't like seeing lotsa inqs. They pull Equifax.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

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