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New Member
bakodon
Posts: 3
Registered: ‎09-18-2011

too soon to apply for major credit card?

Filed for Chpt 7 Bankruptcy four years ago.  Have one open car loan 4 years old and all on time.  One credit card for past three years and no balance.  No other negative entries + long credit history of Paid as Agreed.  Too soon to apply for a major credit card.  If not, which card.

Frequent Contributor
ilovelisa
Posts: 366
Registered: ‎12-07-2012

Re: too soon to apply for major credit card?

you could try for a BofA Secured card that graduates, or Wells Fargo Secured.

Valued Contributor
Rhaeny
Posts: 1,507
Registered: ‎07-24-2011

Re: too soon to apply for major credit card?

What are your scores and do you have any baddies leftover from the bk?  How many inquiries?  

 

I think you could get something besides secured at this point but in order to recommend something we need more info.


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014
Established Member
nissanaltimacrazyhorse
Posts: 58
Registered: ‎10-24-2011

Re: too soon to apply for major credit card?

cap one will probaby throw 500 at you with  a 39 annual fee.

chase sapphire preferred 5k
capital one venture 5k
amex blue cash preferred 2.5k
chase freedom 500
amex premier reward npsl

trans union 705 goal 750
equifax 675 goal 750

New Contributor
stormb28
Posts: 104
Registered: ‎12-12-2012

Re: too soon to apply for major credit card?

Capone, Barclays, & Discover are all options.
Established Contributor
tennisfan78
Posts: 629
Registered: ‎09-18-2011

Re: too soon to apply for major credit card?

 

I would definitely recommend  to go for a secured credit card and it will grow with you over the time.


Starting Score: EQ=665,TU=618 on Oct 9,2010
EQ=702,TU=725 on Apr 11, 2012 EQ=705 on Oct 31, 2012 Current Score: EQ=702, TU=714 on Dec 8, 2012
Goal Score: 750

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Frequent Contributor
ilovelisa
Posts: 366
Registered: ‎12-07-2012

Re: too soon to apply for major credit card?

although, you could go on mini app spree, and hit Discover, Cap One, maybe Barclays. If denied, go for a secured card.

New Contributor
stormb28
Posts: 104
Registered: ‎12-12-2012

Re: too soon to apply for major credit card?

If you go app wild, hit Barclays first.
Valued Member
jbunton444
Posts: 91
Registered: ‎11-04-2010

Re: too soon to apply for major credit card?


stormb28 wrote:
Capone, Barclays, & Discover are all options.

Barclay's, I will always have, was good to me.  I had two bankrupticies on my CR's and they (granted I'm very strong as persuasion, don't take no for an answer, and was relentless... doing a Peggy Bundy whine...) gave me my iTunes Visa.  This was a credit analyst in November, 2010 -- after discovering myfico.com. I started with $250.00 line (begged for a chance at $100.00 -- my recon was about 20 minutes... lmao!  I was determined).  

 

Little over two years later that card is only been charged $8.50 interest and that was planned... it's $2500.00 -- I have their Travelocity Amex from August, 2011 and it's at $2,000.00 -- that card is now at 21,700 points (minus 7500 bonus) -- so they will build with you... treat them right.

 

I really doubt I would have "stood a chance" with NFCU in December, 2012 if I hadn't been so hell bent with that recon in November, 2010... the guy was tired, I would imagine, he kept saying sir... if you reapply, I said I don't need to reapply, I just need a chance... so, be persistent.  Like others, time is a blessing in rebuilding.  My second bankrupty falls off in July, 2012 so by then, hoping Amex let's me in.  To date, four apps in 2012, thats the reason for denial.

 

Josh

Gardening since 6-28-2013
Barclay's iTunes: $3,500 | Travelocity Amex $3,350.00 | USAA $7,000.00 | Chase Freedom: $2,000.00 | Discover IT $1,000.00 | NFCU cashRewards Visa $22,500.00 | NavCheck $12,500.00 | USAA $7,000.00 | JCP $3,000.00 | Macy's $2,200.00 | Sam's Club $1,100.00 | Care Credit: $3,300.00 | Carson's $5,250.00 | Wal*Mart $1,500.00 | Various others... can't remember most store cards --- Long journey to HERE -- keep up the good fight!
New Member
bakodon
Posts: 3
Registered: ‎09-18-2011

Re: too soon to apply for major credit card?

Thanks for all the info.  I already have one CC with 1000.00 limit and use it lightly and pay off each month.  I was hoping someone ahd a magic something that would trigger a new card application OK

 

Thanks


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