cancel
Showing results for 
Search instead for 
Did you mean: 

One card with a higher limit versus two with a lower limit

Moderator Emeritus

Re: One card with a higher limit versus two with a lower limit

The only other thing I would suggest is a secured loan with a 12 or 18 month repayment term. Its a great way to prepare yourself for a mortgage and you do build an asset and a tradeline relatively cheaply. My chase banker told me about this in 2007; by 2008 I was approved for Fha (my situation was way worse as it was a rebuild instead of a build) Otherwise you are on the right track!

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Message 11 of 14
New Member

Re: One card with a higher limit versus two with a lower limit

Webhopper, would you make the same recommendation for someone rebuilding? 

Message 12 of 14
Established Contributor

Re: One card with a higher limit versus two with a lower limit

+1

Message 13 of 14
Highlighted
Valued Contributor

Re: One card with a higher limit versus two with a lower limit

US Bank can split your limit to another account as long as you maintain the required limits for the products you are seeking.

 

Although, I would just recommend you don't do anything for now and just Garden. Use the US Bank card and PIF each month. In 6 months they will likely be able to give you a CLI or approve you for another account.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Message 14 of 14