topic Re: First CC post CH7 in Credit Card Approvals

First CC post CH7

Anonymous — Tue, 27 Sep 2016 16:06:04 GMT

Last night after being denied for a DiscoverIt card, I ended up doing some digging around and applied for a First Premier Bank Credit Card. I was approved with a $500 limit.

I know the fees are a bit high but I burned Cap1 in my BK and Credit One's pre-qualify tool isnt pulling any offers for me. Figured I could use the first premier card for a few months and keep it under 30% and in good standing and it should help my credit grow so that I can grow into some better cards....I hope this works!

Re: First CC post CH7

Maxi11510 — Tue, 27 Sep 2016 16:34:26 GMT

Welcome,

I too had a horrible credit profile due to an automobile accident and lost everything. I cound not get a credit card whether it was secured or not so I too went with the only company that would extend me any form of credit. I kept my balance low and paid on time. Then after getting a few store cards via the shopping cart trick my credit profile improved slowly. 14 months later I have a Discover Card, Chase Freedom and a Barclaycard with apple rewards. Although First Premier is one of the worst cards out there it's a start and in time with patience you too will graduate to the cards you want. Hand in there.

Re: First CC post CH7

Anonymous — Tue, 27 Sep 2016 16:45:02 GMT

@Maxi11510 wrote:
Welcome,

I too had a horrible credit profile due to an automobile accident and lost everything. I cound not get a credit card whether it was secured or not so I too went with the only company that would extend me any form of credit. I kept my balance low and paid on time. Then after getting a few store cards via the shopping cart trick my credit profile improved slowly. 14 months later I have a Discover Card, Chase Freedom and a Barclaycard with apple rewards. Although First Premier is one of the worst cards out there it's a start and in time with patience you too will graduate to the cards you want. Hand in there.

thank you very much!

I did read its a pretty bad card to have but it seems like nobody else would budge for me, so I had to get in the game somehow.

I know 30% of 500 is $150 but I plan to keep it at about 60 bucks per month and pay it as soon as the statement comes in the mail if not before. Once I can get better cards I plan to cancel that one (unless that will hurt me, im not sure)

Re: First CC post CH7

Anonymous — Tue, 27 Sep 2016 16:46:02 GMT

@Maxi11510 wrote:
Welcome,

Then after getting a few store cards via the shopping cart trick my credit profile improved slowly.

which store cards were you able to get? IDK what I'm doing wrong but I cant seem to get anything other than what I have already

Re: First CC post CH7

Maxi11510 — Tue, 27 Sep 2016 16:54:45 GMT

After about 6 months I was able to get a Victoria Secrets card, An Express store card and an Ann Taylor card as I shop with them maybe twice a year just to keep the cards from closing. Once your score goes up canceling your First Premier card will damage your score as it will reduce your available credit line.

Re: First CC post CH7

Anonymous — Tue, 27 Sep 2016 17:14:03 GMT

ok guess i'm stuck with it then....I wish I could get a VS card to shop for the wife or an express card but I can never get the SCT to work with those

Re: First CC post CH7

Creditaddict — Tue, 27 Sep 2016 17:29:52 GMT

Just as soon as you see your scores come even close to 600, Barclay will give you a card and Cap1 will let you back in and you can cancel this First Premier.

Re: First CC post CH7

Maxi11510 — Tue, 27 Sep 2016 17:31:22 GMT

I didn't either the first few times, however I kept trying every few months until they approved me. It s a slow process, but I bet within the next 8 months you will get approved. Have you thought about also getting a secured card? Open Sky from Capital Bank is a easy approval and their rate is about 17% a far cry from First Premier and they do not report as a secured card. I have one because Capital One would not approve me for even a secured card either.

Re: First CC post CH7

Maxi11510 — Tue, 27 Sep 2016 17:44:11 GMT

Also try Credit One Bank. Their website allows you to see if youncheck and see if you pre-qualify without affecting your credit score.

Re: First CC post CH7

Anonymous — Tue, 27 Sep 2016 17:54:31 GMT

@Creditaddict wrote:
Just as soon as you see your scores come even close to 600, Barclay will give you a card and Cap1 will let you back in and you can cancel this First Premier.

without hurting my score?

Re: First CC post CH7

Anonymous — Tue, 27 Sep 2016 17:55:38 GMT

I will google them now.

I actually just was approved for a fingerhut card as well, $300 limit. So if I can get a secured then I will definitely garden for quite a while.

I tried CreditOne but nothing pops up for me.

@Maxi11510 wrote:
I didn't either the first few times, however I kept trying every few months until they approved me. It s a slow process, but I bet within the next 8 months you will get approved. Have you thought about also getting a secured card? Open Sky from Capital Bank is a easy approval and their rate is about 17% a far cry from First Premier and they do not report as a secured card. I have one because Capital One would not approve me for even a secured card either.

Re: First CC post CH7

Maxi11510 — Tue, 27 Sep 2016 18:01:20 GMT

Yep, once on their website you will see pre-qualify just enter your information and and in about 60 seconds you'll know if your pre-qualified and no changes to your credit score

Re: First CC post CH7

Maxi11510 — Tue, 27 Sep 2016 18:07:25 GMT

Yes time to garden, no more inquires lol. In a few months you should be well on your way. Wishing you the best! 😊

Re: First CC post CH7

Aduke1122 — Tue, 27 Sep 2016 18:15:41 GMT

Congrats OP everyone has to start somewhere and some of us has to start with places like FingerHut but don't worry with so hard work you will be on your way to 700 fico in no time , I know the recommending UTI is 30 percent but to actually gain points you want to keep your balace at 1-9 percent to get the most affect on your scores . So I wouldn't carry no more than a 25 dollars balance on one card and let the other report zero. Doing this will give you some nice bumps . Good luck .

Re: First CC post CH7

Creditwiser — Tue, 27 Sep 2016 18:27:17 GMT

@Anonymous wrote:
Last night after being denied for a DiscoverIt card, I ended up doing some digging around and applied for a First Premier Bank Credit Card. I was approved with a $500 limit.
I know the fees are a bit high but I burned Cap1 in my BK and Credit One's pre-qualify tool isnt pulling any offers for me. Figured I could use the first premier card for a few months and keep it under 30% and in good standing and it should help my credit grow so that I can grow into some better cards....I hope this works!

I burned Cap One as well and they offered me 2 cards. First with a 1k SL & 2nd with a 3k SL. Dont rule them out once you develope some history. They are usually very BK Friendly.

Re: First CC post CH7

Maxi11510 — Tue, 27 Sep 2016 18:27:49 GMT

Thanks for that bit of info regarding the 1-9 percent. It great to hear from the experienced members.

Re: First CC post CH7

Anonymous — Tue, 27 Sep 2016 19:09:23 GMT

@Aduke1122 wrote:
Congrats OP everyone has to start somewhere and some of us has to start with places like FingerHut but don't worry with so hard work you will be on your way to 700 fico in no time , I know the recommending UTI is 30 percent but to actually gain points you want to keep your balace at 1-9 percent to get the most affect on your scores . So I wouldn't carry no more than a 25 dollars balance on one card and let the other report zero. Doing this will give you some nice bumps . Good luck .

WHOA!

GREAT INFO! Never heard that before.

I was under the impression that I need some kinda utilization on each card in order to "prove credit worthiness".

Right now I have a 0 balance on a store card, about 9 dollars on the other, then I've got the 1st premier card on the way and the finger hut card on the way. So instead of spending a few bucks on each card monthly it's best to let a few of them stay at $0?

Re: First CC post CH7

Anonymous — Tue, 27 Sep 2016 19:10:33 GMT

@Creditwiser wrote:
@Anonymous wrote:
Last night after being denied for a DiscoverIt card, I ended up doing some digging around and applied for a First Premier Bank Credit Card. I was approved with a $500 limit.
I know the fees are a bit high but I burned Cap1 in my BK and Credit One's pre-qualify tool isnt pulling any offers for me. Figured I could use the first premier card for a few months and keep it under 30% and in good standing and it should help my credit grow so that I can grow into some better cards....I hope this works!
I burned Cap One as well and they offered me 2 cards. First with a 1k SL & 2nd with a 3k SL. Dont rule them out once you develope some history. They are usually very BK Friendly.

before or after the 1 year blacklist?

I will definitely keep trying their pre-qualify once I develop some history, nothing beats a try but a failure.

Re: First CC post CH7

kobe2012 — Tue, 27 Sep 2016 22:22:11 GMT

Have u tried joining NFCU? They're pretty good at approving people with bk and low scores.

Re: First CC post CH7

Creditwiser — Wed, 28 Sep 2016 22:07:35 GMT

@Anonymous wrote:
@Creditwiser wrote:
@Anonymous wrote:
Last night after being denied for a DiscoverIt card, I ended up doing some digging around and applied for a First Premier Bank Credit Card. I was approved with a $500 limit.
I know the fees are a bit high but I burned Cap1 in my BK and Credit One's pre-qualify tool isnt pulling any offers for me. Figured I could use the first premier card for a few months and keep it under 30% and in good standing and it should help my credit grow so that I can grow into some better cards....I hope this works!
I burned Cap One as well and they offered me 2 cards. First with a 1k SL & 2nd with a 3k SL. Dont rule them out once you develope some history. They are usually very BK Friendly.
before or after the 1 year blacklist?
I will definitely keep trying their pre-qualify once I develop some history, nothing beats a try but a failure.

I didnt know there was a one year blacklist ?? Look at my siggy. I was disch 7/14 Received cards the same month.