topic Re: Fico score 688 in Credit Cards

Fico score 688

YoungJay18 — Mon, 03 Sep 2012 13:40:21 GMT

I just found out i have a fico score of 688 with 5 inquires 3 past 6 months and 2 are still pretty recent what kind of prime card could i get based on this information ??

Re: Fico score 688

Anonymous — Mon, 03 Sep 2012 13:44:19 GMT

Anything negative on your report?

Re: Fico score 688

YoungJay18 — Mon, 03 Sep 2012 13:45:20 GMT

no i have nothing negative on my credit report

Re: Fico score 688

LS2982 — Mon, 03 Sep 2012 13:58:29 GMT

Where did you get that score from and which bureau?

Re: Fico score 688

jamie123 — Mon, 03 Sep 2012 14:00:07 GMT

I have a couple of questions first.

Do you have a job?

How long have you worked at that job?

What is your income?

Re: Fico score 688

YoungJay18 — Mon, 03 Sep 2012 14:01:50 GMT

that was the score i got here on the website it says its the fico score from Equifax

Re: Fico score 688

nuggets321 — Mon, 03 Sep 2012 14:08:23 GMT

There are a great many variables other than purely current score. ... ANY history of negatives, how long has your oldest account been open, etc... The question you ask is a tough one with such limited information. Revolving cards approval is still somewhat of a mystery and puzzling, people with 750+ get denied while others with lower 600s get approved for the same card ?? You can go to whogavemecredit.com and follow the links to see whats been happening lately with various lenders

Re: Fico score 688

LS2982 — Mon, 03 Sep 2012 14:08:41 GMT

If you make decent money I'd try for discover

Re: Fico score 688

DaveSignal — Mon, 03 Sep 2012 14:09:54 GMT

Since any lender looks at more than your FICO score before offering credit, there is more information needed. If you have a credit history with current revolving accounts, installment loans, and have decent credit limits already, there are MANY great cards for which you could be approved. If not, then start with the best that will approve you. If you don't currently have any history, putting $1k toward a secured card for a year will get you far ahead in the world of credit and allow you to be approved for the 'prime' unsecured cards of which you are looking.

Re: Fico score 688

YoungJay18 — Mon, 03 Sep 2012 14:11:03 GMT

i am pre approved for discover i just dont know if that will help in any way

Re: Fico score 688

gettnthere — Mon, 03 Sep 2012 14:18:56 GMT

if you want members help on which cards you could possibly obtain, you're gonna have to answer the questions that have been asked about your credit profile. SCORE alone is not enough. What is your AAoA, Do you have any Revolving Accounts, do you have any installment accts, any past negative history, how old is your credit profile, what are your current limits on CC's, whats your income look like, how long on your job, etc etc. THese Questions NEED to be answered before we can offer any kind of SOLID advice.

Re: Fico score 688

jamie123 — Mon, 03 Sep 2012 14:21:28 GMT

Just so everyone knows....The OP is only 18 or 19 years old with 1 six month old credit card with a $500 limit.

The OP doesn't have any other history except for inquiries.

OP this is important information that you need to post if you want accurate suggestions from the forum.

Re: Fico score 688

gettnthere — Mon, 03 Sep 2012 14:24:09 GMT

@jamie123 wrote:
Just so everyone knows....The OP is only 18 or 19 years old with 1 six month old credit card with a $500 limit.

The OP doesn't have any other history except for inquiries.

OP this is important information that you need to post if you want accurate suggestions from the forum.

+1, we want to be able to give you good advice and its really hard to do just based off score alone

Re: Fico score 688

nuggets321 — Mon, 03 Sep 2012 14:24:55 GMT

Discover has a "prequalify" site that will only "softpull" you. You may think about giving that a shot. It does NOT guarantee approval, but it can be considered a good indicator. One of my employees received a "pre-approval" in the mail only to get shot down after entering her "reservation code". I love my Discover account and REALLY like being able to address issues (if they occur) with call centers that are based in the states and understand EVERYTHING I try to get across to them

Re: Fico score 688

jamie123 — Mon, 03 Sep 2012 15:48:51 GMT

YoungJay,

You are in a really great spot at the moment. You will just need a bit of patience. I don't think you are where you need to be to get a prime card just yet. You just don't have enough history. It could be much worse, you could be waiting for 4 or 5 years for a baddie to fall off.

I really wish you would have gotten back to us about your work history and income so my suggestions would be more accurate, but I'll take a shot anyway. I will use these assumptions; you have worked at your current job for 9 months and your annual income is $19K.

This is what I would suggest:

Apply for an AMEX Zync. I think you have a good chance at getting this card. You fit the demographic that AMEX is trying to reach with this card. You have very little history but don't have any negatives. Your score is more than good enough. Work history could be a factor in being declined for this.

Apply for a Walmart card. You should be approved for at least a low limit card. Having less than 1 year of work history would be the only reason I could see that they decline you for this card. If you get this card you can then work it to get CLI and get your CL up to a decent level in a year. You will also get a free TU FICO score every month.

With your current CC and these 2 new CC reporting you will be golden in a year. You will then be able to app for and receive almost any card at that point as long as you maintain good credit behavior.

Re: Fico score 688

nuggets321 — Mon, 03 Sep 2012 16:31:46 GMT

+ 1

Re: Fico score 688

westo12 — Fri, 07 Sep 2012 02:20:58 GMT

@nuggets321 wrote:
Discover has a "prequalify" site that will only "softpull" you. You may think about giving that a shot. It does NOT guarantee approval, but it can be considered a good indicator. One of my employees received a "pre-approval" in the mail only to get shot down after entering her "reservation code". I love my Discover account and REALLY like being able to address issues (if they occur) with call centers that are based in the states and understand EVERYTHING I try to get across to them

If the Discover Card site has a "Recommended Offer" after I put in my data for the SP, does that mean I have a good chance of getting it??

Re: Fico score 688

Anonymous — Fri, 07 Sep 2012 02:43:57 GMT

They might just change interest rates or maybe give you less time at 0% . I just went thru this and I was more then happy .

Re: Fico score 688

Jlu — Fri, 07 Sep 2012 02:52:32 GMT

@westo12 wrote:
@nuggets321 wrote:
Discover has a "prequalify" site that will only "softpull" you. You may think about giving that a shot. It does NOT guarantee approval, but it can be considered a good indicator. One of my employees received a "pre-approval" in the mail only to get shot down after entering her "reservation code". I love my Discover account and REALLY like being able to address issues (if they occur) with call centers that are based in the states and understand EVERYTHING I try to get across to them
If the Discover Card site has a "Recommended Offer" after I put in my data for the SP, does that mean I have a good chance of getting it??

No it doesn't, at least not with their new system. Click on "All Offers" and see if you don't get the "No offers found" message. Lately they've redone their pre-approval site and have tricked a few of our members into applying for a card that they weren't truly pre-approved for.