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Hi All. Recently, I have been aggressively rebuilding my credit. Earlier this month, I was approved for a Capital One Platinum CC with a $300 cl.
It also stated that after 5 months of successful payment, they will automatically increase the cl to $500. This is currently the only card I have. My question is, should I apply for another Capital Once credit card like the Capital One Quick Silver One card right now? If so, is the Quick Silver a good credit buider or any suggestions would be greatly appreciated.
Thanks
I can't offer much advice, but I CAN say...
Check their prequal site.
https://findmycard.capitalone.com/en/PageVersions/LandingPages/LP_UNS_QUICK_RWD_V01.aspx
And IF you have a card pop up, you'll most likely be accepted. If it says "Sorry, we can't find any offers for you right now" RUN LIKE HELLS BELLS. You most likely will not be approved. A thought in regards to getting Cap1 cards.
Now, the others can chime in with AAoA, what your current scores are, are you working on your baddies, are there any Credit Unions you are currently in or could get in, how long ago did you get the Platinum, are you a Student to get Student cards...
etc.
Hi Buyao.
Thanks for replying. My credit score is TU 572, EQ 578, EX 566. I was approved earlier this month with a TU 523, EQ 526 EX 532.
Currently, I am not a member with a Credit Union but will be joining one this week.
I will definitely check them out this week and let you know how it turns out.
@Derrick1977 wrote:Hi All. Recently, I have been aggressively rebuilding my credit. Earlier this month, I was approved for a Capital One Platinum CC with a $300 cl.
It also stated that after 5 months of successful payment, they will automatically increase the cl to $500. This is currently the only card I have. My question is, should I apply for another Capital Once credit card like the Capital One Quick Silver One card right now? If so, is the Quick Silver a good credit buider or any suggestions would be greatly appreciated.
Thanks
Yes, apply for a second card. Make sure you register online for account management. After your third statement (on each account), go online and request a credit limit increase, don't wait for the credit steps increase.
Use the cards a lot for everyday expenses, and pay them down multiple times each month, only let a small balance show on one of the cards the day the statement closes.
Great News Everyone! I was approved for the second cc with Capital One with a $500 credit limit. I am definitely going to use them carefully and pay them off befofre teh due date. They currently have my due that as 9/15 for the first one and I won't know the billing date for the second one until I use it I guess. I will make sure to follow what you all were saying as well. I am wanting to get my credit score high as possible. Thanks Everyone.