New Member
Posts: 1
Registered: ‎11-05-2012

What do I do with these first ever credit cards?

So I got 2 new secured cards about 3 weeks ago and I have used them for a few things. here are the details:

Creditor             Limit    Balance    Reporting Date  Deposit       First Due Date

Wells Fargo:      $300     $55.00         11/10/12             $300             Dec 4,2012

Capital One:      $200     $29.00         11/12/12             $  99             Dec 12,2012


So ok thats the details what should I pay tomorrow on both? I want to see how high my score will go! I am using credit Karma. Should I pay $28 to wels fargo leaving $27 owed? (9% utizilation?) or less or should i pay off capital one tommorw? What would be the best thing to do? My score now is zero. 19 years old on my transunion report i have 3 inquirys Discover, Wells Fargo, Wells Fargo I applied 2 times one for unsecured and then secured. Then Experian I have 2, Capital One then credit union equifax I dont have a report generated yet... 

Established Contributor
Posts: 866
Registered: ‎09-22-2011

Re: What do I do with these first ever credit cards?

Pay the cards on time and don't use more than 30% of your credit line.  That's all you need to do.  You should have a credit score within 6 months from the date you opened the cards.  Good luck!

Posts: 12,952
Registered: ‎04-15-2011

Re: What do I do with these first ever credit cards?

Personally I'd PIF them both.  I do believe I understand what you're trying to do, so pay one off and leave $2 on the the other one to report.

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