2 Cards. Keep going or lay low.

[Anonymous]

Quick and Easy question. 

1 Month ago I was approved for Captiol One Secured Credit Card. Paid 49.00 Deposit and was approved 200.

3  Days ago I was Denied for Capitol One Quicksilver Visa. 

2 Days ago I was Approved for Capitol One Quicksilver MasterCard.

Lowest Credit Score is 591. Highest Credit Score is 612. (Last year 420)

I Have about 10 Hard pulls ranging from September 2014 to Present. (Most were in the begining of this year)

3 baddies that I am in the process of trying to clean up.

I have read on here that 3 bank cards is the starter and what you need to start rebuilding credit. Should I apply for a 3rd card now? Or wait a few months and try again? If I do apply for a third card. What card is reccomended?

[TRC_WA]

Wait 6 months while cleaning up the baddies.

[Anonymous]

That's what I figured. That was my game plan. But I like to confirm things with you guys before I make a decision. (Forum advice has been working like gold)

[Anonymous]

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@Anonymous wrote:

That's what I figured. That was my game plan. But I like to confirm things with you guys before I make a decision. (Forum advice has been working like gold)

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Excellent.. With these 2 cards and baddies removed, you will see a jump in score and that will get you some good cards.  So don't apply for anything and keep cleaning up.

[Anonymous]

Thanks!!! I will keep going.

[Anonymous]

and clean up the credit first

[SouthJamaica]

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@Anonymous wrote:

Quick and Easy question. 

1 Month ago I was approved for Captiol One Secured Credit Card. Paid 49.00 Deposit and was approved 200.

3  Days ago I was Denied for Capitol One Quicksilver Visa. 

2 Days ago I was Approved for Capitol One Quicksilver MasterCard.

Lowest Credit Score is 591. Highest Credit Score is 612. (Last year 420)

I Have about 10 Hard pulls ranging from September 2014 to Present. (Most were in the begining of this year)

3 baddies that I am in the process of trying to clean up.

I have read on here that 3 bank cards is the starter and what you need to start rebuilding credit. Should I apply for a 3rd card now? Or wait a few months and try again? If I do apply for a third card. What card is reccomended?

---

Wait awhile

[Anonymous]

I'd go with SDFCU secured card. No HP and it'll report quickly to all 3 CA's. I don't believe they report as "secured" either. You also get their best APR rate which is 6.99%, and this could open doors for you to get an unsecured card with them later. This would give you a 3rd account and without a HP. That would be my game plan. If you don't mind another HP, than you could go with any major bank.

[hawaii-girl]

SDFCU reports as secured, but don't let that stop you. It's only a SP and they are easy to deal with.