Advice needed- get Secured card or change bank?

[Anonymous]

Thank you in advance for taking the time to read this. My current score (per myfico) are EQ 599 TU 611 EX 593. Current cards- Capital one Quicksilver 500cl (previously platinum), walmart 400cl. I was recently declined for Barclay rewards and it got me thinking. So I am trying to plan for the long run to be able to qualify for prime cards and better interest rates. I currently bank with People's bank, but after reading these forums I wonder if I would be better off going somewhere else, such as BOA, to build a relationship. I was also wondering if I should apply for a secured cc to establish a relationship with BOA or Chase (or others), as I hear after a year or more, they will likely pc to unsecured card. I am open to any advice you may have for me. Thank you!

[Jerry45]

Welcome.  By reading your post, you seem to have a good strategy all by yourself. That is a good idea to switch to Bof A or Chase, unless your really like your current bank.

In terms of a secured card, I say skip it. You have a top tier card in the Quicksilver, and a good store card with a credit limit that will rise , if you use it regularly.

You have two solid lines of unsecured credit, you need to let them grow, as will your credit scores.  My two cents, Good Luck

[0REDSOX7]

Why not go with a credit union or you wanting to bank with a major bank?

[Anonymous]

Thank you both for your replies. I will pass on a secured card as I think your probably right. I guess i was curious if it would make sense to join a bigger bank now, in order to build a relationship for future credit approvals or loans. I am considering a credit union as well. Im definately going to make the move, just wanted some opinions on which bank would be best, as previously I just joined the closest bank to me when I first graduated school. My current bank doesnt seem to have any major benefits, and it makes me think I am wasting my time there. Sorry if this doesnt make sense, I just wanted to ask for advice on where I should go. Im trying to plan for my future, and just starting to learn about credit and finances.

     Thank you!

[Jerry45]

Personally, I would go with Chase. Credit Union is a great option also because you can get a installment loan and build credit that way also. Back in the day. I worked for a Major Airline, and i had nothing but great experiences with the CU.