topic Re: Low Score Credit Card in Credit Cards

Low Score Credit Card

Anonymous — Tue, 19 Mar 2013 16:40:30 GMT

Im trying to rebuild my credit and I have a secured credit card right now. I would like to get another unsecured card if possible. I was approved for one today but with a 300 dollar limit, 36% interest and 95 dollar processing fee. Are there any credit cards that I could be approved with a score under 600?

Re: Low Score Credit Card

09Lexie — Tue, 19 Mar 2013 16:52:36 GMT

It depends - need a little more information regarding your credit profile. Baddies? Inq's?
Are you a member of a CU? Who is your secured card with?

Did you say 36% APR?

Re: Low Score Credit Card

Simply827 — Tue, 19 Mar 2013 16:54:56 GMT

First Premier, Credit One, and Applied Bank come to mind. Orchard Bank was one of the better ones, but you can't apply for it any more. When looking for a card try to get one with as few fees as possible. I suppose I lucked out with my Credit One card only having a $75 annual fee.

Re: Low Score Credit Card

Anonymous — Tue, 19 Mar 2013 16:55:39 GMT

Yes 36%. I have one collection, 2 different accounts with a 30 day late payment. Alot of inquires. Ive had the card for 16 months now, it is through arvest bank. 500 secured card.

Re: Low Score Credit Card

tattooedhusker — Tue, 19 Mar 2013 17:00:40 GMT

For rebuilding purposes, I would say give CreditOne Bank a shot. Keep it for a year and close it thereafter. Don't apply for more credit during that year, and you should be able to get a new decent card.

Re: Low Score Credit Card

nicholasyud — Tue, 19 Mar 2013 17:05:12 GMT

Please stay away from Creditone and such ....I don't try to go against others but speak from experience with the bank I would stay away from it( just cancel it 1 week ago )....
Maybe try a few below :
1. credit union
2. local bank secured credit card with at least 1k limit
3. Store card

Re: Low Score Credit Card

Anonymous — Tue, 19 Mar 2013 17:20:43 GMT

I just applied and was approved for Capitol one. I tried for a Walmart card but it said it would send a letter in 7-10 days and I read that this generally means not approved. What's wrong with Capitol one

Re: Low Score Credit Card

tattooedhusker — Tue, 19 Mar 2013 17:28:09 GMT

@Anonymous wrote:
I just applied and was approved for Capitol one. I tried for a Walmart card but it said it would send a letter in 7-10 days and I read that this generally means not approved. What's wrong with Capitol one

I would call the backdoor number for walmart, the 7-10 day is not always a bad thing. It could be some conflicting info on your report (address, etc), so if I were you, I would get on that!

Re: Low Score Credit Card

Anonymous — Tue, 19 Mar 2013 17:29:51 GMT

Ok where can I find that number?

Re: Low Score Credit Card

tattooedhusker — Tue, 19 Mar 2013 17:36:31 GMT

@Anonymous wrote:
Ok where can I find that number?

You can find the thread here

Re: Low Score Credit Card

Anonymous — Tue, 19 Mar 2013 17:39:03 GMT

I called and the application was denied

Re: Low Score Credit Card

09Lexie — Tue, 19 Mar 2013 17:40:06 GMT

Congrats on your approval with cap 1. Good luck with WalMart and IMO, stop apping.

Let your new account grow.

Re: Low Score Credit Card

Anonymous — Tue, 19 Mar 2013 17:43:19 GMT

Ok so I called customer service, not the back door number. Should I call them and if so what do I say?

Re: Low Score Credit Card

tattooedhusker — Tue, 19 Mar 2013 18:43:41 GMT

@Anonymous wrote:
Ok so I called customer service, not the back door number. Should I call them and if so what do I say?

Yes, call the backdoor number. Let them know that you recently applied for the walmart card and got the 7-10 day message, and if there were any authorization info you can provide, ask for a recon, and let them know that you do a majority of shopping with them and would benefit from having their store card.

Re: Low Score Credit Card

Anonymous — Tue, 19 Mar 2013 18:47:09 GMT

I tried calling and said I got the 7-10 day letter, they said it was denied and when I asked why they said I would have to wait for the letter I will try again though

Re: Low Score Credit Card

Anonymous — Tue, 19 Mar 2013 18:52:31 GMT

Tried again they said they could not override it and that I could re apply at anytime

Re: Low Score Credit Card

tattooedhusker — Tue, 19 Mar 2013 18:55:15 GMT

Sorry to hear that. What I would do now is let that capital one age for about 6 months, and reapply for the walmart card then.

Re: Low Score Credit Card

Anonymous — Tue, 19 Mar 2013 19:01:06 GMT

Thanks for all of your guys help

Re: Low Score Credit Card

tattooedhusker — Tue, 19 Mar 2013 19:07:25 GMT

Not a problem. Also, I meant let that capital one card cut 6 statements (not 6 months from approval)

Re: Low Score Credit Card

twall06 — Tue, 19 Mar 2013 20:19:49 GMT

Gongrats on the cap1 card .