Credit Card

[Anonymous]

I have a 300$ credit card (sucured) I just paid my balnace in full last month and my socre went up 23 points. This month, i used my card again (300) after it posted to all the credit agencys and i just sent them 300 bucks again. (paying in full) will that hurt my score? If its posting no blance out of 300?

[Anonymous]

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@Anonymous wrote:

I have a 300$ credit card (sucured) I just paid my balnace in full last month and my socre went up 23 points. This month, i used my card again (300) after it posted to all the credit agencys and i just sent them 300 bucks again. (paying in full) will that hurt my score? If its posting no blance out of 300?

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I would not worry about it too much. Right now just concentrate on making your ontime payments and getting a couple of more accounts established. The whole "maximize your UTI" thing is more for down the road when you're well established and looking to peak your scores in preparation for a mortgage or auto loan.

[RonM21]

Couldn't agree more. Keep your focus on the payments and starting off on the right track. It gets a bit more advanced when it comes to utilization and number of cards and so on. You don't need to bother with that now.

[Anonymous]

What other accounts should i have? I have one more secured cc with captial one for 200. i also pay them in full each month. is two credit cards not enough since i am just now starting out?

[gdale6]

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@Anonymous wrote:

What other accounts should i have? I have one more secured cc with captial one for 200. i also pay them in full each month. is two credit cards not enough since i am just now starting out?

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Conventional wisdom for a build or rebuilder is 3 cards minimum to drive your Fico, preferrably bankcards. You could then add a store card and an installment loan for credit mix once you get some history in the bankcards.

[Anonymous]

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@Anonymous wrote:

What other accounts should i have? I have one more secured cc with captial one for 200. i also pay them in full each month. is two credit cards not enough since i am just now starting out?

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Ideally you want to have three cards. How long have you had your accounts and what are your scores?

[Anonymous]

I had my first progress one for 6 months. And I had my capital one for 2 months. My score right now are: EQ 573, TU 568, EX 567. I started off around 499-515 for all three.

Should I get a citi bank secured cc? Or any bank secured card?

[Anonymous]

Idk what your file looks like as far as collection or charge offs. I had alot of paid and a few unpaid collections scores lower then yours and I got the discover secured. I love it cashback and no AF.

I had the discover and the capital one secured for a little over 3 months and was recently approved for a unsecured capital one.
But with that being said I was able to get most of my collections removed in that 3 months.

[Anonymous]

Just keep paying those 2 off and on time each month. In a few months you should be able to qualify for an unsecured card. Keep checking cap1's prequalification page.

[Anonymous]

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@Anonymous wrote:

I had my first progress one for 6 months. And I had my capital one for 2 months. My score right now are: EQ 573, TU 568, EX 567. I started off around 499-515 for all three.

Should I get a citi bank secured cc? Or any bank secured card?

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I would wait another month to make sure the Cap One card is reporting, then apply for a unsecured Cap One Platinum card.