topic Re: Any credit card recommendations, I am trying to build my score in Credit Cards

Any credit card recommendations, I am trying to build my score

Anonymous — Thu, 15 Apr 2021 14:41:28 GMT

Hello everyone,

I am trying to build my score, so that I can buy a house, and I need to increase my account mix with more credit cards. Right now I have two capital one credit cards with small $300 limits, a NFCU secured card with a $500 limit, and a Nordstrom retail card with a $1500 limt.

Thanks so much for your reccomendations in advance!

My Fico 8 scores: EX: 663 TU:630 EQ:608

Re: Any credit card recommendations, I am trying to build my score

dragontears — Thu, 15 Apr 2021 14:57:57 GMT

@Anonymous wrote:
Hello everyone,
I am trying to build my score, so that I can buy a house, and I need to increase my account mix with more credit cards. Right now I have two capital one credit cards with small $300 limits, a NFCU secured card with a $500 limit, and a Nordstrom retail card with a $1500 limt.
Thanks so much for your reccomendations in advance!

My Fico 8 scores: EX: 663 TU:630 EQ:608

It looks like you have at least 3 cards right now. Getting more cards is not going to improve your mortgage scores.

To increase your scores you need to address the reasons that they are low and "credit mix" is not a major factor.

Re: Any credit card recommendations, I am trying to build my score

Bradac56 — Thu, 15 Apr 2021 15:01:16 GMT

It depends on your spending habits. I would not recommend just opening cards to get a bigger CL you need to actually use the credit to grow the accounts.

A Discover Cash 5% card wouldn't be a bad choice at this point as a general category card.

I would also look at the Freedom Unlimited if you eat out allot (3% dinning) those two pair well.

If you do buy a house I would look at opening a Lowes/Home Depot/Menards store card - whatever one is better in your area for home improvement spending. They will close the card pretty fast for non-use so it's defiantly a spending choice.

Re: Any credit card recommendations, I am trying to build my score

SouthJamaica — Thu, 15 Apr 2021 15:03:28 GMT

@Anonymous wrote:
Hello everyone,
I am trying to build my score, so that I can buy a house, and I need to increase my account mix with more credit cards. Right now I have two capital one credit cards with small $300 limits, a NFCU secured card with a $500 limit, and a Nordstrom retail card with a $1500 limt.
Thanks so much for your reccomendations in advance!

My Fico 8 scores: EX: 663 TU:630 EQ:608

If you're planning to buy a house within a year from now, then you shouldn't be applying for any other new credit.

Each month, let one of the Capital One cards report a small balance of $15-25, while the other 3 cards report zero balances.