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Should i get a new credit card?

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h0t0ny
Member

Should i get a new credit card?

hey guys, i was wondering if getting a new credit card right after openning one in april then just buying a car (financed) in august would hurt my credit score?

i kinda do need another one right now for emergency funds and was thinking would it drastically lower my credit score or it should be fine.

thanks in advance for all your answers. =)

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mongstradamus
Super Contributor

Re: Should i get a new credit card?

I would ask my self do i need or want an new card. If the answer is you need an high cl card, then i would suggest trying to accquire one thru an cu if you are an member of one



EX Fico 804 11/16/16 Fako 800 Credit.com 11/16/16
EQ SW bank enhanced 11/16/16 839 CK fako 822 11/16/16
TU Fico discover 10/19/16 814 Fako 819 Creditkarma 11/16/16
Message 2 of 4
h0t0ny
Member

Re: Should i get a new credit card?

i feel like i need 1 more, and that would be the max for me right now, since the limit on my first one is only 300 and its a wells fargo secured card (my first) and they have yet to graduate it when i have never had a late payment and my score is in high 700s. =(

Message 3 of 4
mongstradamus
Super Contributor

Re: Should i get a new credit card?


@h0t0ny wrote:

i feel like i need 1 more, and that would be the max for me right now, since the limit on my first one is only 300 and its a wells fargo secured card (my first) and they have yet to graduate it when i have never had a late payment and my score is in high 700s. =(


The only thing holding you back may be your limited credit history. If it were me i would try to get on an au account with a long flawless credit history, or wait an year with your secured card. others may chime in with their advice. 



EX Fico 804 11/16/16 Fako 800 Credit.com 11/16/16
EQ SW bank enhanced 11/16/16 839 CK fako 822 11/16/16
TU Fico discover 10/19/16 814 Fako 819 Creditkarma 11/16/16
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