Reply
Established Member
Posts: 36
Registered: ‎11-06-2012
0

Please help! Should I apply?

Hi guys. Was sent here from the rebuilding credit board.

I have a fairly new credit history, I became a permanent resident in 2010 so only 2 years of having a SS#. 

I started looking to get some credit and applied for some CC's, got a First Premier with a $300 limit. Always paid on time and my score is 626. I plan on applying for a mortgage by the end of the year and need that score to go up and need another revolving account for an FHA. I'm afraid I will apply and my score will go down with another inquiry (I have about 10). 

 

Should I apply for another card?  If yes, which one? 

How much more or less will my score go down?

 

TIA

Starting FICO score 578 (one CC 300)
03/2013 EQ 634. TU 658. EX 672.
Goal score 700
Established Contributor
Posts: 653
Registered: ‎01-31-2013
0

Re: Please help! Should I apply?

Capital One offers a card that is specifically targeted towards new immigrants/residents:

 

http://www.capitalone.com/credit-cards/cash-rewards-for-newcomers/

 

I don't know how things will pan out being that you already have a dozen inquiries.  Someone else will have to offer some insight on that issue.

   
FICO Scores 800+
Frequent Contributor
Posts: 331
Registered: ‎08-27-2012
0

Re: Please help! Should I apply?

Also in case you didn't know you can do the pre approval on capital one cards to see which one you would be approved for, without hurting your credit.
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Please help! Should I apply?

i am thinking a secured card- maybe one like BofA that will graduate. Do you belong to a CU?

 

Whatever you do, keep your apping to a minimum ESP if you are thinking about a home loan. 

Established Member
Posts: 36
Registered: ‎11-06-2012
0

Re: Please help! Should I apply?

wow that card for new immigrants looks awesome at glance, but I have bad judgement because I love my first premier and I read they are horrible lol...

Can anyone link me to where I can get pre-approved without hurting my score?

 

Thanks guys, you're all awesome

Starting FICO score 578 (one CC 300)
03/2013 EQ 634. TU 658. EX 672.
Goal score 700
Community Leader
Senior Contributor
Posts: 27,465
Registered: ‎02-07-2013
0

Re: Please help! Should I apply?

Go back to site that Leadberry gave you look under credit cards select pre qualified...Enter your info

+ Chase ink =




Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Please help! Should I apply?


Samekathe wrote:

wow that card for new immigrants looks awesome at glance, but I have bad judgement because I love my first premier and I read they are horrible lol...

Can anyone link me to where I can get pre-approved without hurting my score?

 

Thanks guys, you're all awesome


It's not a pre-approval; it's pre qualified 

 

http://www.capitalone.com/credit-cards/

Established Member
Posts: 36
Registered: ‎11-06-2012
0

Re: Please help! Should I apply?

Smiley Frustrated ohh I'm scarreeeeeedddd guys. 

I did the pre-quali and it came back to the Cap One Cash Card, it's mostly for perfect credit, I'm afraid to get denied if I try

Starting FICO score 578 (one CC 300)
03/2013 EQ 634. TU 658. EX 672.
Goal score 700
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Please help! Should I apply?

[ Edited ]

Samekathe wrote:

Smiley Frustrated ohh I'm scarreeeeeedddd guys. 

I did the pre-quali and it came back to the Cap One Cash Card, it's mostly for perfect credit, I'm afraid to get denied if I try


Remember, Cap 1 will pull all 3 bureaus. 

 

Before you app, think can your scores take that hit. 

 

Sleep on it- they are not going anywhere. 

Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Please help! Should I apply?

just get a secured card and call it a day, with 10 inquiries and your score and baddies it'll be hard to get approved for anything else worth while. Wells Fargo is easy place to get one, or a local credit union. Stay away from Capital One in secured they're terrible with verifying ID and hit me with 9 inquiries in the past with no card. I mean what's there to verify? I sent them a check with notorized copy of my license and social -_-;..... they're terrible.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
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.