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Member
Posts: 35
Registered: ‎04-13-2013
0

Should I get another card?

[ Edited ]

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?

FICO: 676 03/18/2014 Goal: 700
Wallet: Amex Delta Gold: $5500, Citi Diamond Preferred: $2500, BoA Virgin Atlantic: $2500, Barclay Rewards: $500, Discover IT Student: $500, Bill Me Later: $1200, Amazon Store Card: $1400
AU: Cap1 CR: $500, Amex Delta Gold: $2000, Citi Diamond Preferred: $3000
Epic Contributor
Posts: 23,839
Registered: ‎10-23-2007
0

Re: Should I get another card?

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.

Fico Scores: EQ- 662., TU 684 Barclay, EX 700 (3/21/15)

You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
72 Cards and Counting :smileytongue:
New Contributor
Posts: 101
Registered: ‎08-31-2013
0

Re: Should I get another card?

[ Edited ]
Edited
Current Score: 715 Goal Score: 775 Will Garden Soon.

CapitalOne Platinum $1.5K | CapitalOne MTV $1.5K | BestBuy Store $6K | Kays $3.5K | Military Star $2K | DiscoverIT $8K | AMEX BCE $1K :smileysad: | NFUC Flagship $13.5K | USAA World MC $8K | USAA Rate Adv $8K | CSP 5K 10/2013 | NFCU LOC $10K
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
0

Re: Should I get another card?

[ Edited ]

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.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Valued Contributor
Posts: 1,715
Registered: ‎03-07-2013
0

Re: Should I get another card?

Id wait til you hit the 6th month mark and let ur scores update then hit up barclay, disco then capone. :smileywink:


GARDEN GOAL: MARCH 2014
LAST APP: 08/20/2013
---=[NORTHBOUND]=---
Epic Contributor
Posts: 23,839
Registered: ‎10-23-2007
0

Re: Should I get another card?

++1
Fico Scores: EQ- 662., TU 684 Barclay, EX 700 (3/21/15)

You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
72 Cards and Counting :smileytongue:
Established Member
Posts: 43
Registered: ‎06-29-2013
0

Re: Should I get another card?

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


Starting Score: 528
Current Score: Fico Scores EQ-628 EX-628 TU-595
Goal Score: 760+


CAP 1 Plat $500 CL FIRST PROGRESS $400 CL
Member
Posts: 35
Registered: ‎04-13-2013
0

Re: Should I get another card?

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.

FICO: 676 03/18/2014 Goal: 700
Wallet: Amex Delta Gold: $5500, Citi Diamond Preferred: $2500, BoA Virgin Atlantic: $2500, Barclay Rewards: $500, Discover IT Student: $500, Bill Me Later: $1200, Amazon Store Card: $1400
AU: Cap1 CR: $500, Amex Delta Gold: $2000, Citi Diamond Preferred: $3000
Senior Contributor
Posts: 3,860
Registered: ‎10-02-2012
0

Re: Should I get another card?

Congrats!! Your doing great!

Gardening since 02-01-14
Moderator
Posts: 27,206
Registered: ‎09-13-2012
0

Re: Should I get another card?

Congrats on your approval. Cap 1 will not do a PC for a secured to unsecured. There is no guarantee that they will approve you for an unsecured card just because Barclays did...why not let your accts age 6 ms and then rethink apping.
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