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Will I be able to get a unsecured credit card in 5 months?

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FixMyCredit1992
Established Contributor

Will I be able to get a unsecured credit card in 5 months?

Currently have one TL, fingerhut, for $180, been in there one month.

 

Current amount of 2 degeratory accounts is around $1,200.

 

After the Fingerhut TL ages to 6 months, I wonder what my score will be, since it's 0 do to no old TL's.

 

I'm wondering if it will be enough to get a decent unsecured CC?

Farm and Fleet $3,000 (AU) Paypal Extras MC $1,500
Barclay's Apple Visa $1,200 QVC Qcard $800
Amazon Store Card $600 Discover $500
Walmart MC $400 Victoria's Secret $350
Credit One $300 Fingerhut $200
TU Fico 626



Message 1 of 11
10 REPLIES 10
ptilda
Established Contributor

Re: Will I be able to get a unsecured credit card in 5 months?

What's your current score?

My Wallet:Fidelity Amex $1K, DCU $3.9K, US Bank AeroMexico $300, Quicksilver $1.3K, Cap1 secured MC $750, DiscoverIT $200, Care Credit $5K, Sportsman Guide Visa $3K, Kay $3K, Jared $3K,American Airlines CC $3K, Amazon $2.9k, Walmart $2.2k, Macy's $800 revolving/$5k furniture, Comenity retail cards $5.55kStarting Score: 618Current Score: 711
Message 2 of 11
FixMyCredit1992
Established Contributor

Re: Will I be able to get a unsecured credit card in 5 months?

Equifax is 604.

 

TU and EX are 0 due to no 6 month+ tradelines.

 

I have no clue why equifax has a score while the others do not.

 

Farm and Fleet $3,000 (AU) Paypal Extras MC $1,500
Barclay's Apple Visa $1,200 QVC Qcard $800
Amazon Store Card $600 Discover $500
Walmart MC $400 Victoria's Secret $350
Credit One $300 Fingerhut $200
TU Fico 626



Message 3 of 11
enharu
Super Contributor

Re: Will I be able to get a unsecured credit card in 5 months?


@FixMyCredit1992 wrote:

Equifax is 604.

 

TU and EX are 0 due to no 6 month+ tradelines.

 

I have no clue why equifax has a score while the others do not.

 


check out CUs. You can probably find one that's willing to issue you a secured card right now.

You can try BofA and CapitalOne as well.

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Message 4 of 11
FixMyCredit1992
Established Contributor

Re: Will I be able to get a unsecured credit card in 5 months?

I was approved and am getting a Secured card in a few days.

 

If my EQ is 604, i wonder how many points the $180 credit line will bump up the score once it ages to 6 months?

 

 

 

 

Farm and Fleet $3,000 (AU) Paypal Extras MC $1,500
Barclay's Apple Visa $1,200 QVC Qcard $800
Amazon Store Card $600 Discover $500
Walmart MC $400 Victoria's Secret $350
Credit One $300 Fingerhut $200
TU Fico 626



Message 5 of 11
enharu
Super Contributor

Re: Will I be able to get a unsecured credit card in 5 months?

sorry should have elaborated further.


What I meant was, you can try getting some secured cards from CUs and/or BofA.

As long as the account remains in good standing for 6-12 months, BofA usually will refund you your deposit and unsecure the card. As for the CUs, it depends on their policies, but they generally are more lenient and personable. It's also a good way to get your foot into the door and start a 'relationship', so if you do end up having to apply for another card then, it'll also be easier on you since they'll can evaluate you based on your internal score as well, not just your CS and CR.

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Message 6 of 11
ptilda
Established Contributor

Re: Will I be able to get a unsecured credit card in 5 months?

You might try Walmart & Amazon. There are other retail cards too that are unsecured. Have you applied for any others?

My Wallet:Fidelity Amex $1K, DCU $3.9K, US Bank AeroMexico $300, Quicksilver $1.3K, Cap1 secured MC $750, DiscoverIT $200, Care Credit $5K, Sportsman Guide Visa $3K, Kay $3K, Jared $3K,American Airlines CC $3K, Amazon $2.9k, Walmart $2.2k, Macy's $800 revolving/$5k furniture, Comenity retail cards $5.55kStarting Score: 618Current Score: 711
Message 7 of 11
FixMyCredit1992
Established Contributor

Re: Will I be able to get a unsecured credit card in 5 months?

I've applied for easy store cards and get turned down, primarily since my CS is 0 with 2 CB's.

Farm and Fleet $3,000 (AU) Paypal Extras MC $1,500
Barclay's Apple Visa $1,200 QVC Qcard $800
Amazon Store Card $600 Discover $500
Walmart MC $400 Victoria's Secret $350
Credit One $300 Fingerhut $200
TU Fico 626



Message 8 of 11
coldnmn
Mega Contributor

Re: Will I be able to get a unsecured credit card in 5 months?

A lot will have to do with such a short credit file and inquiries.  If you have a lot of inquiries and a short file you look desperate for credit and cc companies look negatively at that. You may have to garden awhile and let them age. Credit is a journey not a race unfortunately. 

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $15k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $5.35k / Citi DC (WMC) $12k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 9 of 11
ptilda
Established Contributor

Re: Will I be able to get a unsecured credit card in 5 months?

I am far from an expert, from what I've read here, might want to try walking into a Bank of America branch (I've heard them referred to a lot as being willing to work with ppl) and apply for a small unsecured. If they turn you down, go for the secured. I got the Cap One secured with the minimum too, but with no more than $200, you should be able to get that, and you can increase the limit to $3500 over time by making more deposits, but I've also heard people on here say they paid on-time, made SMALL deposits & Cap One started doing auto CLIs to the max. I think it's worth the 200 to get on your feet faster.

My Wallet:Fidelity Amex $1K, DCU $3.9K, US Bank AeroMexico $300, Quicksilver $1.3K, Cap1 secured MC $750, DiscoverIT $200, Care Credit $5K, Sportsman Guide Visa $3K, Kay $3K, Jared $3K,American Airlines CC $3K, Amazon $2.9k, Walmart $2.2k, Macy's $800 revolving/$5k furniture, Comenity retail cards $5.55kStarting Score: 618Current Score: 711
Message 10 of 11
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