topic Need One More CC in Credit Card Applications

Need One More CC

eeflores3 — Wed, 29 Mar 2017 16:32:09 GMT

For the past two months I've been paying off debts and this weekend i was approved for a secured capital one card. Which is good news but I need another credit card. I applied for Discover secured and was quickly denied. Open SKy is an option but i wanted to get one with a company that i can grow with. My scored is pretty low.

Any suggestions/advice will be greatly appreciated!

Re: Need One More CC

Creditplz — Wed, 29 Mar 2017 16:47:25 GMT

I don't think you quite "need" another credit card, you're going to harm scores by applying and getting denials. Just keep the Capital One secured for 6 months and see where your scores are at, 650+ see what you pre qualify for in their website..

Re: Need One More CC

SecretAzure — Wed, 29 Mar 2017 17:23:45 GMT

@Creditplz wrote:
I don't think you quite "need" another credit card, you're going to harm scores by applying and getting denials. Just keep the Capital One secured for 6 months and see where your scores are at, 650+ see what you pre qualify for in their website..

Or wait a year and keep your util below 20% and you'll easily get approved for various prime cards with decent SL's.

Re: Need One More CC

Anonymous — Wed, 29 Mar 2017 23:58:33 GMT

BoA secured. You can keep both and let them age together.

Re: Need One More CC

Anonymous — Thu, 30 Mar 2017 06:41:34 GMT

There is no reason to burn hard pulls on applications that are not a sure thing right now. Take the new secured card, use it and keep the ulitzation low and let your scores grow for a few months. If you have baddies do what you can to get rid of them. In 4-6 months you will probably be in a much better position.