topic Re: Getting Additional Unsecured Card While Credit New in Credit Cards

Getting Additional Unsecured Card While Credit New

AgentofGaming — Thu, 06 Mar 2014 02:50:50 GMT

I'm currently on my 4th month of credit no credit score yet and had the option to get another unsecured card and am not sure if I should take it.

I have 3 cards

Bank of America Cash Rewards 10K CL

First Tech Federal 5K CL

US Bank Secure $450 CL

Last month applied to LMCU for membership they did a hard inquiry. So today I phoned in and asked them since they did a hard inquiry already if they could use it to apply for a credit card without a new inquiry. They agreed since I'm within 30 days of the inquiry and offered me the Max Rewards cc with $500 limit because I had no score.

Now I'm wondering whether I should take it:

+ It will provide another trade line reporting good payments (Is the benefit amplified because my history is short?)

+ Inquiry was already done so no harm here

+ Increase in total credit limit but very minimal

- It will however reduce my AAoA (my accounts are already young so this feels dangerous)

- Unfortunately the cashback is the same as BofA Cash Rewards

I also got a Discover Offer in the mail (itching for a 5% card), and I'm thinking of applying next week. I heard they can offer secured now if you get declined.

I'm currently reducing my BofA balance (It had 0% interest for 12 months) so total credit utilization will be under 10% when I apply discover.

What do you guys think?

Re: Getting Additional Unsecured Card While Credit New

credit-hunter — Thu, 06 Mar 2014 03:44:19 GMT

welcome to the forum quick ? had did you get a 10k BofA rewards card with no fico score...thanks

Re: Getting Additional Unsecured Card While Credit New

Anonymous — Thu, 06 Mar 2014 04:15:32 GMT

@credit-hunter wrote:
welcome to the forum quick ? had did you get a 10k BofA rewards card with no fico score...thanks

I don't think itis fair to ask for the details of how he slept with the BoA branch manager. Some things should remain private, please.

Re: Getting Additional Unsecured Card While Credit New

myjourney — Thu, 06 Mar 2014 04:22:53 GMT

Re: Getting Additional Unsecured Card While Credit New

AgentofGaming — Thu, 06 Mar 2014 04:26:58 GMT

If you see my last post I described it a bit.

The banker applied a corporate card for me which allows you to get a CL based on your income. The second time I went to BofA to get a second card (which got declined btw) I saw a different banker who used the "Diplomat, Large Corporate and Canadian Client Consumer Credit Card Special Handling Form"...

no need to sleep around