Reply
Established Member
Posts: 38
Registered: ‎07-07-2013
0

Only 1 card.. new suggestion for 1-2 more for credit building, gardening, etc.

So I currently only have 1 credit card; Cap1 with a $500 limit. 

My credit monitoring service has my scores at around 570-580, but recently got a 612 pull from EQ.

This made me wonder if most of my scores are off by 30-40 pts. 

 

I would like to get 2-3 additional CC to garden with. Any suggestions for what to apply for with a credit

score in the 570-630 range.

 

BTW - my Cap1 has been in great standing, no lates, current utilization @ 4-5% of limit for max fico. 

Frequent Contributor
Posts: 271
Registered: ‎02-10-2013
0

Re: Only 1 card.. new suggestion for 1-2 more for credit building, gardening, etc.

What else is on your reports that is suppressing your scores? With a bit more info, forum members might be able to point you in the right direction.

Valued Contributor
Posts: 1,715
Registered: ‎03-07-2013
0

Re: Only 1 card.. new suggestion for 1-2 more for credit building, gardening, etc.

Wallyword cc is a good one to start w... Free tu fico score too Smiley Wink


GARDEN GOAL: MARCH 2014
LAST APP: 08/20/2013
---=[NORTHBOUND]=---
New Contributor
Posts: 70
Registered: ‎12-14-2012
0

Re: Only 1 card.. new suggestion for 1-2 more for credit building, gardening, etc.

Yeah, Walmart's a good one for the monthly free TU fico.

 

Also, you might as well try the JCrew / Victoria's Secret shopping cart trick.



Starting Score: 573 (Exp 10/12)
Current Score: 767 (Exp 6/13)
Goal Score: 700+ I Crushed it!!!


Take the myFICO Fitness Challenge
Community Leader
Senior Contributor
Posts: 27,465
Registered: ‎02-07-2013
0

Re: Only 1 card.. new suggestion for 1-2 more for credit building, gardening, etc.


wallywonka wrote:

So I currently only have 1 credit card; Cap1 with a $500 limit. 

My credit monitoring service has my scores at around 570-580, but recently got a 612 pull from EQ.

This made me wonder if most of my scores are off by 30-40 pts. 

 

I would like to get 2-3 additional CC to garden with. Any suggestions for what to apply for with a credit

score in the 570-630 range.

 

BTW - my Cap1 has been in great standing, no lates, current utilization @ 4-5% of limit for max fico. 


Welcome to the forum

IMHO wait a couple more months your doing an excellent job of getting your scores up and my advice to you is at this time it's just not right yet?

Sorry just being honestSmiley Sad

 

As others have mentioned if you shop at Walmart then it will be a good fit at this stage of your credit profile.

You could use the shopping cart trick for a SP TL but when it reports it will aslo ding your scores as well as AAoA.

In 2-3 months you will be in a better position with a higher chance of approval and an even better selection of cards.

Stay strong

+ Chase ink =




Established Member
Posts: 38
Registered: ‎07-07-2013
0

Re: Only 1 card.. new suggestion for 1-2 more for credit building, gardening, etc.

What is the cart trick?
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Only 1 card.. new suggestion for 1-2 more for credit building, gardening, etc.

Highlighted
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Only 1 card.. new suggestion for 1-2 more for credit building, gardening, etc.

For more about shipping cart trick, do a search on this forums. There's a lot of useful topics. This thread is pretty useful as well http://ficoforums.myfico.com/t5/Credit-Cards/Shopping-Cart-Trick/m-p/2144899/highlight/true#M597973

Basically you attempt to buy some stuff on some sites, and see if you are pre-approved. If you are, you can open an account without having to take a hard inquiry.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
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.