What have you got so far since DC? Sometimes we have a bite the bullet for the triple pull to aviod secured cards. I went thru all 5 and ended up with 3. Before you know it. The HP's are gone after a year from your scores.
@Anonymous wrote:
I don’t have any yet, this would be the first and likely only one for a while if I am approved. I have a mortgage and a Plus loan, and might do a credit builder loan through my credit union. I’m also an authorized user on one of my ex-husband’s cards - I don’t have the card, but it’s still reporting (on my reports) in good standing so I’ll take the boost. I’d also like to get a car loan in about a year.
If Cap One doesn’t approve me for the unsecured card, will they offer a secured option? Or should I just write them off for now? I burned a lot of the biggies including NFCU 😕.
You already have installments loans. More wont do any good. Have you tried the pre-qual yet? I take it they werent burned.
@Anonymous wrote:
Yeah, figured I didn’t really need the credit builder.
No, didn’t burn Cap One. Pre qualed for Platinum and Quicksilver. My understanding is that the Platinum is better. No annual fee, etc.
If you were pre approved Cap1 is pretty solid. Dont get the Quicksilver 1. Anything else is fine. You dont want the $39 annual fee. Plat can be upgraded to regular QS after around 3 months. If it shows the QS without the 1 thats ok too. Now its up to you. I started with the Plat and that started it all. Good Luck if you decide to go for it.
With Cap1 while rebuilding and getting higher CLI's is heavy usage and PIF each month. Paying interest on any card is like driving down the highway throwing dollar bills out the window. Pay interest for emergencies only now. Your rebuilding. Use and pay like a debit card. If you dont have the $ to pay, dont charge it. Simple.