Apple Barclays Denied

Anonymous · ‎05-28-2018

@shadanat wrote:
Why not increase the limit on your Discover and use that as your everyday card? If you are PIF and/or multiply times during the month, you'll keep your utilization low.

Well i run $2-3k through it every month, i'm just worried that adding to my deposit will either restart my clock for graduation or be stuck without graduating.

Some places don't take Discover and i end up having to use my debit card and missing out on points or cash back.

shadanat · ‎05-28-2018

It appears that tour bankruptcy discharge is too new for a non-secured card. If you want another secured card, I would suggest the OpenSky card. There is an annual fee $35 I believe but there is no credit check for that card. You could use that as your daily use card. The card does not graduate but after twelve months you should be in a place where Cap One may let you back in or Barclays would let you in. Your Discover should also be on the verge of graduating.

Meanmchine · ‎05-28-2018

OpenSky secured card

>3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>7/2025 All 3 reports 830 - 845(F8) F9s = all 850 but my app finger is still twitching

pipeguy · ‎05-28-2018

@Anonymous wrote:
@shadanat wrote:
Why not increase the limit on your Discover and use that as your everyday card? If you are PIF and/or multiply times during the month, you'll keep your utilization low.
Well i run $2-3k through it every month, i'm just worried that adding to my deposit will either restart my clock for graduation or be stuck without graduating.

Some places don't take Discover and i end up having to use my debit card and missing out on points or cash back.

Don't take this wrong, but I think that is the first time I've seen anyone on MF posting 2-3 months post Chapter 7 discharge being concerned with "missing out on points or cash back".

Anonymous · ‎05-29-2018

@pipeguy wrote:
@Anonymous wrote:
@shadanat wrote:
Why not increase the limit on your Discover and use that as your everyday card? If you are PIF and/or multiply times during the month, you'll keep your utilization low.
Well i run $2-3k through it every month, i'm just worried that adding to my deposit will either restart my clock for graduation or be stuck without graduating.

Some places don't take Discover and i end up having to use my debit card and missing out on points or cash back.
Don't take this wrong, but I think that is the first time I've seen anyone on MF posting 2-3 months post Chapter 7 discharge being concerned with "missing out on points or cash back".

Lol. I understand, and i don't take it the wrong way but to put it simply, it was my mistakes in 2014 that led to the bankruptcy. I've had time to learn from my mistakes and the timing of the bankruptcy was strategic, fortunately but also unfortunately, as if i waited a couple months later i would've no longer qualified for ch7 and would have not had an easy recovery as i did. However when i am spending sometimes $4000 per month... the cash back and points do add up...

I also hate using my debit card for fear of my account being drained and fighting with the bank's fraud department to get it back.

OpenSky Secured has no rewards so there is essentially no advantage over using my debit card...

shadanat · ‎05-29-2018

Ah I see. Your original post only mentioned needing a MasterCard/visa. The State Department secured card has reward points. It will require you joining the CU which would be a hard pull for membership.

Most secured cards aren’t for getting cash back and/or rewards. They are to help rebuild credit.

Since your discharge was three months ago, you may be moving too fast with optimizing rewards/cashback.

beutiful5678 · ‎05-29-2018

@Anonymous wrote:
I also hate using my debit card for fear of my account being drained and fighting with the bank's fraud department to get it back.

OpenSky Secured has no rewards so there is essentially no advantage over using my debit card...

These are contradictory statements. There is a benefit to using a secured credit card with no rewards - the benefit is greater fraud protection.

Unfortunately, you nor I are in a position to be choosy with our lenders and rewards right now. We have to take what we can get and slowly rebuild a history of responsible credit usage.

You may feel that your mistakes were made three years ago and that you've since grown and developed better credit habits, however, these lenders from whom you want cards will see your CH7 three months post-discharge and will feel otherwise.