topic Re: seeking advice in Credit Card Applications

seeking advice

Anonymous — Thu, 08 Oct 2015 15:35:09 GMT

Im starting my credit journey and i've already have a secured visa with my cu, also approved for the cap1 sec mc..im paying 2 or 3 times a month on my visa so it can stay at a 0 balance. I would like to app for another sec cc either bofa Bcause it will graduate. Or ussa amex(cause i will get my deposit back) any suggestions and advice from y'all would be sincerely appreciate it.

Re: seeking advice

Anonymous — Thu, 08 Oct 2015 15:52:08 GMT

Welcome! Before we give any advice, it would help if you could give us a little more info:

1. Is this a fresh start (for example right out of college) or a rebuild (i.e. from a bankruptcy)?

2. What are your credit scores?

3. Do you have any other cards besides your CU secured card, and how long have you had it?

Re: seeking advice

Anonymous — Thu, 08 Oct 2015 18:12:31 GMT

Never had a cc before in my life...I've always believe on cash is king!! But, now that im older i see things different. Credit union visa since august - also have a loan with them to establish payment history. I was approved for a cap1 sec mc 3 weeks ago. No BK, No student loans no car loans on the past, always paid cash. According to CK i have to baddies wich are medical bills from 2012 that im not sure about,but im not going to dispute. They say my score is lil below 600, therefor i thought opening another account will help me. Based on this forum bofa is a good institution to get in the door with ...and my other choice would be ussa amex secured. ( because Of the fact that i can get my security deposit back)

Re: seeking advice

Anonymous — Thu, 08 Oct 2015 18:41:59 GMT

The BOA secured is an excellent choice. Treat them right, and they will return the favor by graduating the card and growing the limit over time.

Re: seeking advice

Anonymous — Thu, 08 Oct 2015 19:11:49 GMT

Thanks for replying!!