Credit Cards Center Credit cards from our partners
Reply
Valued Member
Posts: 39
Registered: ‎01-05-2008
0

Trying to get in 700 club by the end of the year CC question.

Trying to get in the 700 club before the end of the year.  One of main barriers is no CC.  How many cards should I apply for?   Which CC company is better?  Should I get a secured or unsecured card?

 

 

Moderator Emerita
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Trying to get in 700 club by the end of the year CC question.

One is all you need. If you're just starting or re-starting, you don't want to load up on a bunch of crap cards that will drive you crazy in 6 or 12 months.

What are your current FICO scores? Is there a reason that you don't currently have any revolving credit? (recovering from bankruptcy, new to the US, never bothered, etc.) I ask because different circumstances would indicate different cards.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Valued Contributor
Posts: 1,424
Registered: ‎07-24-2007
0

Re: Trying to get in 700 club by the end of the year CC question.

What are your scores now? There is no "better" cc company. Depends on what you are looking for.

 

If I were just starting, first thing I'd do is open a checking and / or savings account with my local bank. Then, I'd apply to my local credit union.

 

IMO, a secure card is a last option..

New York Yankees - 2009 World Series Champions. 27... and counting.....
Valued Member
Posts: 39
Registered: ‎01-05-2008
0

Re: Trying to get in 700 club by the end of the year CC question.

[ Edited ]
I am rebuilding my credit.  I had a Capital One card about 9 years ago $1000 limit.  It was charged off - no longer reporting to CRA.   My current scores are TU-680/EQ640
Message Edited by Daffydatsun on 05-08-2009 11:31 AM
Highlighted
Valued Contributor
Posts: 1,424
Registered: ‎07-24-2007
0

Re: Trying to get in 700 club by the end of the year CC question.

If your EQ score is the range of the other two - apply to a CU.

 

See if you qualify for NFCU.

 

 

 

New York Yankees - 2009 World Series Champions. 27... and counting.....
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.