Credit Cards

[Learning_Tee0225]

So here I am 5 months later on my credit journey and im not really sure where to go from here or what to do next. Currently I have 1 Secured credit card through Navy Federal 500$ credit limit-Active pymnts on time balance of 60$ ATM.. 1. I've managed to open 2 additional CC's for a total of 3 With Orchard Bank on April 18 Gold Mastercard 300$CL ( i had called to see if they'd match my Current CC w/ NFCU @ 500$ the CS said to wait till i got the card and then call back..does that sound correct? as of today i still havent recieved the card but they've takin the processing fee out of my account..strange..is that normal 2.Apped for a 3rd CC w/ NFCU Monday (4-30) happy to be approved for there Cash Rewards card as my first card w/ them is a secured CC but it was approved for the same amount as my Secured CC @ 500$ Really looking to get a higher CL maybe a 1,000 was thinking of calling back to see if its possible but thought id stop here first and ask..what do you guys think? do i stand a chance? Lastly what should the next step be..should i app for more CC or just let the ones i currently have age a bit..

[espnjunkie]

If it is a secured card you should be able to call and mention you are willing to make a larger deposit so that your credit limit can be 1,000.00

[rootpooty]

how long have you had credit? how long have you had your secured card from navy federal? did you get a pre approval offer in the my offers section when you apped for the cash rewards card? is your 573 eq score current? if so thats prob why they gave you such a low limit. you need to chill with the apps for now and just wait a year and see where you stand. can you give us a rundown on your credit profile. whats on your tu and eq?

[rootpooty]

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espnjunkie wrote:

If it is a secured card you should be able to call and mention you are willing to make a larger deposit so that your credit limit can be 1,000.00

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i think the op is talking about the new cash rewards card he got from navy federal. the op does have a secured nrewards card with navy also. i believe the op wants the limit on the cash rewards card to be 1000

[tinuviel]

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Learning_Tee0225 wrote:
So here I am 5 months later on my credit journey and im not really sure where to go from here or what to do next. Currently I have 1 Secured credit card through Navy Federal 500$ credit limit-Active pymnts on time balance of 60$ ATM.. 1. I've managed to open 2 additional CC's for a total of 3 With Orchard Bank on April 18 Gold Mastercard 300$CL ( i had called to see if they'd match my Current CC w/ NFCU @ 500$ the CS said to wait till i got the card and then call back..does that sound correct? as of today i still havent recieved the card but they've takin the processing fee out of my account..strange..is that normal 2.Apped for a 3rd CC w/ NFCU Monday (4-30) happy to be approved for there Cash Rewards card as my first card w/ them is a secured CC but it was approved for the same amount as my Secured CC @ 500$ Really looking to get a higher CL maybe a 1,000 was thinking of calling back to see if its possible but thought id stop here first and ask..what do you guys think? do i stand a chance? Lastly what should the next step be..should i app for more CC or just let the ones i currently have age a bit..

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If I'm counting correctly, it appears that you've opened 4 accounts within the last 6 months. I would urge you to sit back and allow everything to age for at least a year. Building credit is a marathon, not a sprint. You've laid the groundwork, now let time do its job.

[espnjunkie]

The OP will want to garden and try to boost those scores up first. Asking for a cli with subprime scores is not likely to work

[Learning_Tee0225]

@ rootpooty

Im very new to credit i apparently have had a file for 8 yrs i guess but only with an auto loan and debt(collections) i am just now starting to use credit cards my first being the Secured from NFCU.. and my Eq score is current as of 4/2012  my TU is 639 both scores from myfico

[Learning_Tee0225]

Tinuviel

Sigh..this is what i should do i know i just need patience! and its a total of 3..which i am content with just would like a little higher CL..but beggers cant be choosy eh?

[oracles]

I would start to get some of those collections off your report with PFDs. (if you havent already)

[Learning_Tee0225]

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/27-amp-Learning-about-credit-the-hard-way/td-...

this is what the picture of my credit looks ive recently been able to eliminate 1 more PFD a medical bill for 100$ leaving only two things left in collections