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What now?/

Established Member

What now?/

I have a CapOne card ($750), FingerHut CL ($1250), just approved for DiscoverIt card (1200), what else should I be doing to boost credit?? Work these cards, apply for loan, sit on my buns, twittle my thumbs and wait??

7 REPLIES
Established Member

Re: What now?/

Time will be your friend here. Use them and pay them every month, preferably with less than 10% of the total credit line in use by the time each statement closes. The Capital One and Discover cards will grow quickly if you use them a lot and pay them in full right away. My first Cap One Card went from a limit of $500 to $4000 in a year and a half of heavy use and paying far more than the minimum due each month.

Super Contributor

Re: What now?/

Apart from time, maybe a ssl to help your credit mix, search Alliant SSL and itll show you what to doSmiley Happy
Valued Contributor

Re: What now?/

Alliant is great in checking and savings only.

Established Contributor

Re: What now?/


peghede wrote:

Alliant is great in checking and savings only.


CD rates are good as well but that's about it.
Valued Contributor

Re: What now?/

Alliant's Share Secured Loan is a great option if one has no installment loans and doesn't have the financial need to take one on. Read the first three posts of this topic in the scoring forum:

 

Adding an installment loan -- the Share Secure technique

New Member

Re: What now?/

They upped their rewards game to 2% rewards card. That's great for a general spending card. Also it's a Visa, so it can be used at Costco for 2% cashback.

General: Alliant VS 2% and PayPal MC 2%
Dining: Marvel MC 3%
Gas: PenFed Cash 5%
Super Contributor

Re: What now?/

Thanks HeavenOhio, thats what i had in mindSmiley Wink