Citi Secured or NFCU nRewards Secured? Or both?

[Anonymous]

Hey folks!

I am currently in an aggressive season of rebuilding my credit and I have the following open TLs:

Comenity: $200, 30% UTI, will be 0% next week

Open Sky: $350, 10% UTI

First Bank (through my credit union): $500, 0% UTI

I am not sold on the quality of those cards, although I understand a positive TL is a positive, any way you slice it.  My question is this, I was approved for Citi secured a while back, but never sent the deposit, and I'm a member of NFCU and can open a secured card with them.  Would you do one over the other?  Would you recommend both?  I don't really plan on using any of these cards for anything special, just carrying a small balance on 1 or 2 (after reading the forums, I see that <10% is best).  

Also, are there any advantages vs. disadvantages to securing a higher limit card for one of those?  I was thinking $2500.

Suggestions?

[Scupra]

My vote is for NFCU secured IF you cant get a unsecured card from them.. I don't know if you have tried but it might be worth a shot. NFCU card has the ability to graduate around the 1 year mark and I think Citi is 18 months. The nRewards card also has, wait for it, rewards From the quick research I've done it looks like NFCU will have a lower interest rate if that matters to you. Good luck

[Anonymous]

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@Scupra wrote:

My vote is for NFCU secured IF you cant get a unsecured card from them.. I don't know if you have tried but it might be worth a shot. NFCU card has the ability to graduate around the 1 year mark and I think Citi is 18 months. The nRewards card also has, wait for it, rewards From the quick research I've done it looks like NFCU will have a lower interest rate if that matters to you. Good luck

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Thanks for your reply!  I'm currently hovering around 500 FICO scores, so I doubt very seriously that I can qualify for an u/s card with them.  I figure the secured card would be the way to go, but I didn't know if there were any other benefits to going with Citi and if I should get both because the ones I have are such...ugly ducklings, lol. 

[medicgrrl]

+1 on the NFCU card.

[Anonymous]

+1 for NFCU.

I have the card and bank with NFCU and love them.

[Scupra]

I don’t want to give you false hope but, NFCU is so unpredictable. Don’t take the chance to surprise you away from NFCU

[Anonymous]

But, do you have a installment loan?

If not, I would recommend Selflender.com

I think you have a good enough mix of secured credit cards.

[Anonymous]

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@Anonymous wrote:

But, do you have a installment loan?

If not, I would recommend Selflender.com

I think you have a good enough mix of secured credit cards.

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Yes, I have an auto loan in good standing and a self lender account (started in July).

[Anonymous]

High interest car loan I'm guessing?

[Anonymous]

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@Anonymous wrote:

High interest car loan I'm guessing?

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11.95%, I owe ~$14k