cancel
Showing results for 
Search instead for 
Did you mean: 

Question about app'ing for new cards

Valued Contributor

Question about app'ing for new cards

So, I'm in the middle of my rebuild. I have paid all of my old CO accounts and I only have 2 CA left to pay. Since September 18th 2012, I've been able to raise my score 79 points.

 

 

So, this morning, my AU Cap1 account finally report and my utilization is 8% across 2 cards. I am on my 2nd statement with the Cap1 and will be hitting my 1st statement this weekend on my NFCU card.

 

My question or quandrum is this, how soon do I app for something else?

 

Scores: about 700 across the board
Total CL: $275k
Message 1 of 4
3 REPLIES
Moderator

Re: Question about app'ing for new cards

How many cards do you have now?  If it's 2+ and the AU, just wait it out till you get to roughly 640 - that opens up a whole wealth of new options for cards which are solid.  If you have less than 2 of your own cards, then I'd recommend applying for something else likely in the secured range.

 

If you need something sooner which has a rewards package, BOFA's secured card is an excellent choice with FICO's still in the 500's as they now offer their reasonable 1-2-3 rewards package on it.  

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


Take the myFICO Fitness Challenge
Message 2 of 4
Frequent Contributor

Re: Question about app'ing for new cards


Revelate wrote:

If you need something sooner which has a rewards package, BOFA's secured card is an excellent choice with FICO's still in the 500's as they now offer their reasonable 1-2-3 rewards package on it.  


I know someone who's in the same boat as OP. Is this the card you're recommending?

https://www.bankofamerica.com/credit-cards/products/secured-credit-card.go



09/30/2017 - EX 811 (Credit Scorecard EX FICO® Score 8, range 300-850)
11/20/2017 - TU 842 (Discover TU FICO® Score 8, range 300-850)
10/24/2017 - EQ 845 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 11/22/2017
Message 3 of 4
Valued Contributor

Re: Question about app'ing for new cards

Right now, my FICO on EQ is about 590, based on the last alert from this past weekend from myFico. I hoping for a nice bump soon. As for the mix of cards,

 

I have 2.

 

Cap1 - AU

 

NFCU - secured

 

Thanks in advance,

Scores: about 700 across the board
Total CL: $275k
Message 4 of 4