@Anonymous wrote:
I was reading that i can only have 2 sub prime cap1 one cards is this true? So i have 1 secured and noa the platinum is that why the QS1 didn't get approved?
This has been a point of much discussion here and seems to be a function of you profile. Some get all 3.
In my opinion, but I think it's solid advice, you should dump the secured and app the QS1 and here's why. Any growth with the secured card will be long and fairly slow. It has served its purpose for you in that it helped you get to the point where you a qualifying for better TL's. If you pay it off and close it the TL will remain reporting as a positive TL for another 10yrs so you don't loose any advantage from your AAoA.Give it a week after you close it and app the QS1.
The QS1, on the other hand, will work in concert with your Plat and grow quickly (6mths to get to a Prime card). I know, you're concerned about another INQ on the reports but at this point you need the TL's and with them come HP's. Almost every TL you get will cause an INQ on at least 1 bureau but they are a very small % of your overall scores and they age off (or become irrelevant) quickly. There are tons of threads about how to PC the Plat, get early CLI's on both CC's and combine them after 6mths.
If you think you're excited now having gotten the Plat, think how overjoyed you'll be when they allow a PC up to a real, PRIME CC OR when you get an early CLI knowing that you have another one coming at the end of the STEPS programs.
So many of us have gone this route and I can tell you from experience that it feels AWESOME to get some positive interaction with creditors and have them acknowledge your hard work by giving you better TL's and offering CLI's...
Go for it and let us know how it goes.
