I've had a Cap1 secured card for going on 5 months and I just had a collection fall off of my reports, which shot up my score to the 650's. I still have some late payments and a charge off all from going on four years ago. I'm not preapproved for any other cap1 cards, but I am preapproved for a Credit One Visa. I'm also an AU on two other accounts (both pretty new). I really would like to get the Barclaycard Rewards Mastercard (for average credit), but I'm not sure if I should try. Or should I get the Credit One?
I would apply for the Barclay.
they are great recon also.
check discover pre-qual also.
3rd id appky for quicksilver one and email ceo if you need to or try thst firdt with unsecuring current card.
My initial response from just reading the title was "no, go to bed."
But, in your case I think you need to expand your credit file. Once you hit the 6 month mark I would app for a few cards.
I just apply for a barclay average card and was approve for a $1300 cl my highest limit i thought if i was approve it will be just for $500 i was shock because im still in early stages of rebuilding. They pulled tu my score from the cb was 675 and my fico tu score was anywhere from 595-628, tu takes forever to update stuff seem like they two months behind with updating stuff. Report have one collection from midland and about 8 lates in 2012 aaoa 2.10 years
Well, I checked my score on CK today and it jumped 14 points, so I decided to go ahead and apply. I was approved for a $500 CL with no annual fee!
I'm wondering wondering what I should do now though w/ Cap1. Do I call them and try to change the card, close the card and apply for an unsecured, or apply first then close? I wouldn't mind getting my $50 back and getting a higher limit than $200.
Congrats!! Your doing great!