topic When to apply for 2nd card? in Credit Cards

When to apply for 2nd card?

Thechallange — Mon, 01 Sep 2014 13:46:44 GMT

Hello forum, i would like to Know when is a good time to app for a second card with nfcu and capital one?

Nfcu $1500.00 opened in 5/2014 starting limit 1000.00 cli 8/2014 of 500 hard pull

Capital 1 $5000.00 Opended 5/2014 starting limit $5000 cli $5500.00

Fingerhut $ 1200.00 started off with $400.00

Credit score sucks at 567eq, 599TU at the moment because of high utilization 99% , Good news is I pif the nfcu balance of 1400, fh balance of 600 and half the cap1 balance so im expecting a score increase. Total Pic: 1 paid PR thats 6.5years old, 2 c/o for 198.00 and 500 and a ton of old inq. Nfcu usually pulls equifax but have been pulling tu for me ecause of a fraud alert. Cap1 usually pulls all 3... Any insight? Oh my last negituve was 3yrs ago

Re: When to apply for 2nd card?

Creditaddict — Mon, 01 Sep 2014 15:31:57 GMT

you have a $5500 CL with Cap1 with a 597 credit score and only $1500 at NFCU?

Re: When to apply for 2nd card?

Anonymous — Mon, 01 Sep 2014 16:15:34 GMT

Id love to know the secret of how you managed a $5000 starting limit with those scores from Capital One of all companies

Re: When to apply for 2nd card?

Thechallange — Mon, 01 Sep 2014 16:54:01 GMT

Currently my scores are low they were much higher when approved. I had to send in all kind of documentation to capital one income wage paysubs w2s drivers license.etc.scores dipped low because of high utilization.

Re: When to apply for 2nd card?

Anonymous — Mon, 01 Sep 2014 16:58:06 GMT

@Thechallange wrote:
Currently my scores are low they were much higher when approved. I had to send in all kind of documentation to capital one income wage paysubs w2s drivers license.etc.scores dipped low because of high utilization.

Ahhh I see. Understandable

Re: When to apply for 2nd card?

Thechallange — Mon, 01 Sep 2014 17:00:52 GMT

CreditAddict i know its strange my husband profile is similar and he received 6k from nfcu and 1000 from cap1, i would have thought that nfcunwould have been more generous (im not complaining by any means) and capital one would have been my lowest limit. However I had 2 capiatl one cards in the 1990s each with a 5k line however they were closed with a zero balance.

Re: When to apply for 2nd card?

Creditaddict — Mon, 01 Sep 2014 17:07:34 GMT

you have 3 cards though, why are you asking when to apply for 2nd?

I actually would apply for a Navcheck for $15k with navy once your util. updates to credit reports for both navy and cap1 paydown and see how that comes out... I would then possibly consider another credit card based on the navcheck outcome.

Re: When to apply for 2nd card?

Thechallange — Mon, 01 Sep 2014 17:17:35 GMT

I dont think id be approved for the navcheck (fear of rejection) DH been turned down twice for the navcheck but they gave him a 15k private autonloan. Hard to figure them out. In my case at least. Who knows maybe my score is higher the 567 is fako

Re: When to apply for 2nd card?

Creditaddict — Mon, 01 Sep 2014 17:25:17 GMT

Like I said only after the balances update and you see score

Re: When to apply for 2nd card?

MT936 — Mon, 01 Sep 2014 23:57:38 GMT

Wait for your accounts to age at least 6 months but ideally 1 year then apply but make sure your overall utilization % is under or around 10% when you apply