As the title says I'm trying to get a couple of credit cards, that will show up on my credit report to help with my payment history and credit utalization. I currently have a FingerHut and Credit One Bank. What does everyone suggest?
AverageJoesCredit is right.
Fingerhut is nice to begin with and they will give you auto cli's about every 3 statements. I got mine last year June as i started my rebuild, and i went from $300 to $800, then $1300, then, last week to $2100. When i look back, i have several months in between that i did not generate a statement because i did not buy anything, and the cli's seem to come at every 3 statement. Buy the cheapest thing you can find, and leave the balance, and pay it off before the due date in full.
For the rest of your question, if you give us more specifics, such as baddies, current scores and trade lines, we can come up with more specific answers for you.
Hi @ksk, i actually hit 2100 with fingerhut but when they gave me a temp credit line increase from 1700. I had to use the whole 400 to make it permanent, baught something like 100 but said no thanks. It actually updated my cr with 2100 but when iffered expired, came down to 1800. This is when i decided ive gone as far as i can go with them. I am amazed though that there are people who have gotten 3000 limits with them .
@ Op, more stats needed as you can see... the baits out there just need more cheese
They have always been nice with me with cli's and never took one back. I am waiting to pay my uti down, then i will end up closing this account by christmas. I just want to do one more round of 3 statement / cli, and then it will be time to close it!
Fingerhut is a good starter , but I'm confused on the CLI , I've had my account for 9 mths and still at 300 CL when my scores have increased greatly , also my sister has the same issue , still stuck at SL even when she buys something and PIF .. what are you guys doing different to get increases .?
Buy something, but don't pay it off right away. Let the balance report, and then pay it before due date. Sometimes, pay the minimum due or a little over, and carry a small balance. This way you generate a statement and this should help with the cli. Also, the rest of your credit profile is very important for cli.
Unify Credit Union. They approve as low as 560. Navy Federal is PHENOMENAL when it comes to helping rebuilders. For a third card, I would say Capital One.