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Secured Card ?

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AllPro
Contributor

Secured Card ?

Quick question, Would it be a good idea to put 3000 on my secured card ( Orchard ) ?  Im going to app for a prime card soon  and want to do everything i can to get my foot in the door and get a decent CL.


Starting Score: EQ 729 TU 727
Current Score: Ex (AMEX) 765 EQ 734 TU 736
Goal Score: 780+


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Wolf3
Senior Contributor

Re: Secured Card ?


@AllPro wrote:

Quick question, Would it be a good idea to put 3000 on my secured card ( Orchard ) ?  Im going to app for a prime card soon  and want to do everything i can to get my foot in the door and get a decent CL.



IMO, Yes.        

 

I had 2 secured cards(Cap1 $2500, HSBC $1000) and applied for unsecured card with both.    Cap1 gave me $3000 CL, Household gave me $500 CL   Cap 1 CSR told me the $2500 deposit was key in getting a good limit.    

 

Depending on the lender it may not help, but it can not hurt.

 

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birjest
Frequent Contributor

Re: Secured Card ?

Try Cap1...


5/30/15 EQ 596; TU 605; EX 580.
12/18/17 EQ 646; TU 660; EX 674.
7/30/23 EQ 708; TU 703; EX 721.
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