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Please help! Should I apply?

Established Member

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
12 REPLIES
Established Contributor

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

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 Emerita

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

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
Super Contributor

Re: Please help! Should I apply?

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

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Moderator Emerita

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

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 Emerita

Re: Please help! Should I apply?


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

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