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Valued Member
angelzrfree
Posts: 43
Registered: ‎01-08-2009

Please recommend a card

[ Edited ]

Hello myFico forum,

 

 

First of all I want to say thank you in advance for any suggestions and for taking time to help me to out. I'm a 20 year old college student and I am trying to get my credit on track. I am trying to get a new credit card but, as you all know, it's not easy. Any advice would be greatly appreciated. My Fico score with Equifax is a 630. I'm a full-time college student, I have a full-time job at the local hospital and I make decent money for someone my age. At this point I am not too picky about the corporation that I do business with, as long as it's not BOA or Citi. I applied at BOA in January and they said no (I have a past delinquency with them and that's why my CS is low). I applied at Citi around the same time and I have come to believe that they are the devil and would never, not even upon threat of death, attempt to business with them. So where should I go from here? Where should I apply? Should I forget about CCs altogether and apply for store credit?

 

 

Again, Thanks in advance for any replies.

Message Edited by angelzrfree on 04-02-2009 01:07 PM
_________________________________________________________
Working on (re)building my credit
Not applying for any new credit.
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008

Re: Please recommend a card

Credit Unions are a good place to establish yourself and begin building a relationship that will see you as a person more so.

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Valued Member
angelzrfree
Posts: 43
Registered: ‎01-08-2009

Re: Please recommend a card

Would it be best if I opened a checking or savings account with them and then applied? Thanks for the suggestion.
_________________________________________________________
Working on (re)building my credit
Not applying for any new credit.
Frequent Contributor
Woolfman
Posts: 498
Registered: ‎01-29-2009

Re: Please recommend a card

Alot of people have been having decent luck with alliant CU lately . (myself being one )You get preapproved offers with alliant(if they think you qualify)  when you open a Savings and/or checking account with them

 

There is always HSBC or orchard bank cards you could try the are good starter cards. 


Starting Score: 680
Current Score: 761 From 12/11/2013
Goal Score: 800


Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008

Re: Please recommend a card

[ Edited ]

You have to open at least a share (savings) account in order to become a "member."  Most Credit Unions have membership qualifications, but can easily be met.

 

Once you are a member, you can then begin saving money in the savings account.  You can request a secured card or secured loan against your savings.  After you have a little savings and payment history with them, you can request unsecure credit and other loans.

 

CU's work with you as a person, generally better than a big bank.

 

Alliant CU is a good one.  When you join (open share account) they will pull your EQ file and if you qualify will automatically offer you certain credit products such as visa, etc.

 

If you don't qualify automatically, you can speak with a LO and discuss your circumstances and goals.  They will help you determine what they need to see from you and what you can do to improve your chances.

Message Edited by txjohn on 04-02-2009 01:22 PM

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Valued Member
angelzrfree
Posts: 43
Registered: ‎01-08-2009

Re: Please recommend a card

[ Edited ]
Ok thanks. My school has it's own credit union so I think I will try with them.
Message Edited by angelzrfree on 04-03-2009 05:20 AM
_________________________________________________________
Working on (re)building my credit
Not applying for any new credit.
Senior Contributor
score_building
Posts: 3,509
Registered: ‎01-10-2008

Re: Please recommend a card

that is a great idea, i wish i had got started w/ a school linked cu when i was your age, good going!


angelzrfree wrote:
Ok thanks. My school has it's own credit union so I think I will try with them.

 

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Regular Contributor
keithc
Posts: 166
Registered: ‎05-22-2007

Re: Please recommend a card

angelzrfree, i am sorry that citi couldnt help!! i went on an app benge and got a citi w/cl of 1200 and 0% bal. transfers!! my EQ in march was 650!! do not get 1st premier!! too many fees!! good luck!!

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