topic Re: Could I qualify for a store card yet? in Credit Cards

Could I qualify for a store card yet?

Anonymous — Sat, 31 Oct 2015 04:47:25 GMT

I have no fico score and no debt with Transunion of 644 and Eq at 645. Is it possible to get a store card yet? I just started my credit journey with capital one. I have one pif showing and 4% utilization. I was told to sit on the CO for 6 months before applying anywhere.

Re: Could I qualify for a store card yet?

jeffm4688 — Sat, 31 Oct 2015 05:12:33 GMT

I'd wait for 6 months history and your first CLI to show up if you really want to improve approval odd's, and receive a decent limit

Re: Could I qualify for a store card yet?

creditguy — Sat, 31 Oct 2015 05:13:11 GMT

Your scores should qualify you for most store cards. Any baddies on your reports? Which card(s) are you considering?

Re: Could I qualify for a store card yet?

Shooting-For-800 — Sat, 31 Oct 2015 17:18:52 GMT

I would stay away from store cards unless you shop there all the time and they have great benefits (Amazon = 5% back)

Stick to Capital One (maybe open another one) and then try Barclays 13 months after your first card was opened.

Cap One is very rewarding if you are loyal and pay them in full.

Why deal with a bunch of $500 store cards if you get a $3500 Visa with 1.5% cash back?

Re: Could I qualify for a store card yet?

pizza1 — Sat, 31 Oct 2015 17:40:21 GMT

your chances of a store card approval would go up tremendously if you had at least 6 months good history reporting on all 3 CRA's. At that time, If you're wanting a store card, my advice is to go with a card backed by Comenity 1st, they tend to be more lenient on approvals with a very thin history and file, than Synch backed cards does when first starting out. When you're ready, get a card that you know would use and shop at. For example..if you're a Woman...VS...a guy...Express.

Re: Could I qualify for a store card yet?

Anonymous — Sat, 31 Oct 2015 18:06:35 GMT

I know it's hard to wait but you must be patient if you want to buil a good/perfect credit report . Wait at least until myfico.com can give you a score ( usually 6-7 months ) . If you really want another TL open a secured loan with a credit union or your personal bank .

Re: Could I qualify for a store card yet?

SouthJamaica — Sat, 31 Oct 2015 19:55:54 GMT

@Anonymous wrote:
I have no fico score and no debt with Transunion of 644 and Eq at 645. Is it possible to get a store card yet? I just started my credit journey with capital one. I have one pif showing and 4% utilization. I was told to sit on the CO for 6 months before applying anywhere.

Since you have decent scores, ,and already have a Capital One card, I would advise you not to tie yourself up with store cards, but instead add a Visa or Mastercard.

Re: Could I qualify for a store card yet?

Pway — Sat, 31 Oct 2015 19:59:44 GMT

@pizza1 wrote:
your chances of a store card approval would go up tremendously if you had at least 6 months good history reporting on all 3 CRA's. At that time, If you're wanting a store card, my advice is to go with a card backed by Comenity 1st, they tend to be more lenient on approvals with a very thin history and file, than Synch backed cards does when first starting out. When you're ready, get a card that you know would use and shop at. For example..if you're a Woman...VS...a guy...Express.

I totally agree.

Re: Could I qualify for a store card yet?

Anonymous — Sat, 31 Oct 2015 20:05:38 GMT

@Shooting-For-800 wrote:
I would stay away from store cards unless you shop there all the time and they have great benefits (Amazon = 5% back)

Stick to Capital One (maybe open another one) and then try Barclays 13 months after your first card was opened.

Cap One is very rewarding if you are loyal and pay them in full.

Why deal with a bunch of $500 store cards if you get a $3500 Visa with 1.5% cash back?

@ humuhumunukunukuapua'a wrote:

+1. Best comment I've seen relative to store cards.

OP, I'd say to cultivate your Capital One card, and maybe apply for one more secured card (major card, not store card) at this time.

In a few months your scores should increase, and about 12 months down the road you should be able to apply for a Barclaycard Rewards or a Discover secured (possibly unsecured). Having 12 months of credit history will help you in applying for another card.

Planning to acquire meaningful major cards will be a lot more helpful to you than collecting store cards.

If there is a store card you would really use often, by all means go for it, but I agree with the others that you don't want to be acquiring a bunch of store cards.

Re: Could I qualify for a store card yet?

Countingpennies — Sat, 31 Oct 2015 22:20:05 GMT

@Anonymous wrote:
I have no fico score and no debt with Transunion of 644 and Eq at 645. Is it possible to get a store card yet? I just started my credit journey with capital one. I have one pif showing and 4% utilization. I was told to sit on the CO for 6 months before applying anywhere.

You don't have a Fico score, so do you mean you can't get a score from MyFico yet? It's okay, just clarifying what you are saying. Where are are your TU and EQ scores from?

Re: Could I qualify for a store card yet?

Anonymous — Mon, 02 Nov 2015 19:25:07 GMT

please ignore that idea of along for another cap1 card... ugh.

Re: Could I qualify for a store card yet?

Anonymous — Mon, 02 Nov 2015 19:25:23 GMT

apping*** not along

Re: Could I qualify for a store card yet?

Shooting-For-800 — Tue, 03 Nov 2015 17:09:10 GMT

@Anonymous wrote:
please ignore that idea of along for another cap1 card... ugh.

You think a store credit card is a better idea than a QS card?

Re: Could I qualify for a store card yet?

Anonymous — Tue, 03 Nov 2015 17:59:15 GMT

better than opening another cap1 if they already have that lol. that's dumb.

Re: Could I qualify for a store card yet?

Shooting-For-800 — Sun, 08 Nov 2015 21:54:21 GMT

@Anonymous wrote:
better than opening another cap1 if they already have that lol. that's dumb.

Um yea, getting a $500 Old Navy card makes much more sense than a $3,000 Visa.

:RollEyes:

Re: Could I qualify for a store card yet?

Anonymous — Sun, 08 Nov 2015 21:59:38 GMT

if you can use it then it does. how does a 1.5% card with no caps make sense to be replaced or added along with another 1.5% card with no caps? lol. the people on this site have such a cloudy head sometimes.

Re: Could I qualify for a store card yet?

Anonymous — Sun, 08 Nov 2015 22:01:03 GMT

what you may not be understanding is the OP has a 1.5% cap1 card. why on earth get another right now? haha

Re: Could I qualify for a store card yet?

Anonymous — Sun, 08 Nov 2015 22:03:17 GMT

@Shooting-For-800 wrote:
@Anonymous wrote:
better than opening another cap1 if they already have that lol. that's dumb.
Um yea, getting a $500 Old Navy card makes much more sense than a $3,000 Visa.

:RollEyes:

Re: Could I qualify for a store card yet?

Anonymous — Sun, 08 Nov 2015 22:05:44 GMT

you just go around saying +1 to two contradictory statements lol. it's ok to have your own thoughts....

Re: Could I qualify for a store card yet?

Anonymous — Sun, 08 Nov 2015 22:07:24 GMT

Couldn't agree more that a major card is better than a store card any day of the week Have a fantastic day, xterror.