topic Re: 709/695- Which Card? in Credit Cards

709/695- Which Card?

breakdown1987 — Thu, 31 May 2012 06:30:58 GMT

Well. I finally repaired my credit. I was 580 6 months ago but have really hammered down and worked on my credit. My score jumped up to 709 this month and should go up a little more - I paid my 70% utilization down to less than 3% and waiting for that to update. I'm looking for a new credit card or maybe two. A little info that can help ~

24 years old. Been employed @ employer for 1 year. I'm salaried at 60k but will succeed 70k with bonuses. I have 7 good accounts with 1 negative. The negative being a car loan with 3 30 day lates from 2009. Since than everything has been paid on-time. Equifax currently showing 709 and TU showing 695 (still waiting for them to update this months utilization.

Current cards~

Studen Visa - Local CU @ 1k.

BoA Secured @ 400. (I want to close this)

Any recommendations?

Re: 709/695- Which Card?

Anonymous — Thu, 31 May 2012 06:58:20 GMT

@breakdown1987 wrote:
Well. I finally repaired my credit. I was 580 6 months ago but have really hammered down and worked on my credit. My score jumped up to 709 this month and should go up a little more - I paid my 70% utilization down to less than 3% and waiting for that to update. I'm looking for a new credit card or maybe two. A little info that can help ~

@Anonymous years old. Been employed @ employer for 1 year. I'm salaried at 60k but will succeed 70k with bonuses. I have 7 good accounts with 1 negative. The negative being a car loan with 3 30 day lates from 2009. Since than everything has been paid on-time. Equifax currently showing 709 and TU showing 695 (still waiting for them to update this months utilization.

Current cards~
@Studen Visa - Local CU @ 1k.
@Anonymous Secured @ 400. (I want to close this)

Any recommendations?

Keep the BofA secured until it graduates.

If you are a regular customer anywhere, consider their store card, especially if it is a co-branded card.

Ask the CU to upgrade from student card and ask for CLI.

Wait a bit before applying for the next major card.

Re: 709/695- Which Card?

Anonymous — Thu, 31 May 2012 08:10:05 GMT

@Anonymous wrote:
@breakdown1987 wrote:
Well. I finally repaired my credit. I was 580 6 months ago but have really hammered down and worked on my credit. My score jumped up to 709 this month and should go up a little more - I paid my 70% utilization down to less than 3% and waiting for that to update. I'm looking for a new credit card or maybe two. A little info that can help ~

@Anonymous years old. Been employed @ employer for 1 year. I'm salaried at 60k but will succeed 70k with bonuses. I have 7 good accounts with 1 negative. The negative being a car loan with 3 30 day lates from 2009. Since than everything has been paid on-time. Equifax currently showing 709 and TU showing 695 (still waiting for them to update this months utilization.

Current cards~
@Studen Visa - Local CU @ 1k.
@Anonymous Secured @ 400. (I want to close this)

Any recommendations?

Keep the BofA secured until it graduates.

If you are a regular customer anywhere, consider their store card, especially if it is a co-branded card.

Ask the CU to upgrade from student card and ask for CLI.

Wait a bit before applying for the next major card.

+1 on the above recommendations. before you can ask what card can you apply for you need to give more info than just scores and cards with limits. how many inquiries are on each report? whats your aaoa? do you have any inquires in the last 6 mos? have you tried gw'ing the lates from your auto loan

Re: 709/695- Which Card?

breakdown1987 — Fri, 01 Jun 2012 02:31:46 GMT

Average age is 3.5 years. Keep in mind I'm 24. I have 2 INQ in the last 12 months - WalMart was denied when I had less than a 600 credit score in which I'm okay with now. I'm not really targeting any store branded cards. Also my primary CU denied me of another card when my score was 620 3 months ago, maybe I should reapply? I've been at this CU for 7 years with 3 postive loans with them.

As far as the lates. I had a reinstated REPO removed that I had to fight long and hard with on the same account. The lates are legit and the bank reporting went out of buisness and sold off. I'd rather let them drop instead of playing with fire and seeing the repo reappear. I'm very happy with my scores considering I was at 560 at the begining of the year.

I will also be looking at buying a new home towards beganing of fall. I know APP'ing for CC's are bad before applying but I'd like some benefits and to beable to garden a little bit better besides using my studen visa everywhere.

Re: 709/695- Which Card?

Anonymous — Fri, 01 Jun 2012 02:17:32 GMT

If you have more than 6 months between app and mortgage, it is okay. Obviously 1 year is much better.

Re: 709/695- Which Card?

Anonymous — Fri, 01 Jun 2012 02:19:25 GMT

thats weird you cu wont work with you. maybe since the score bump they might give you a bump. how long have you had the bofa card?

Re: 709/695- Which Card?

breakdown1987 — Fri, 01 Jun 2012 02:36:28 GMT

I was in the 625ish credit score area when I APP'ed with my CU with the Repo reporting. Now that it's off I would say I'm good to go... I've been with BoA secured for about 8 months now and should graduate soon. However, I hardly ever use the card. I'm not a fan of BoA and will likely keep the card open but searching for another big bank for a secondary account.

Do I stand a chance with AMEX / Discover ?

Re: 709/695- Which Card?

Anonymous — Fri, 01 Jun 2012 02:53:34 GMT

I would say no way on AMEX. Use the Discover preapproval link or try Cap One. I would also keep BOA open for a lot longer.