Hello All,
Lurking for about a year but I’d like some advice.
I think I put relevant info in my sig...
When I got approved for my Cap1 Secured card I also applied for Discover Secured and got turned down. I called them and all they would tell me is there was enough bad stuff for a denial basically.
Just 2 weeks ago my score was up to 648 across the board and I tried the Capital One pre approval site and it showed me options for both the Platinum Card and the QS 1. I opted to take the QS1 and got a limit of $300 which I know is low but it felt good to get approved for any kind of unsecured. And I want the cash back.
I’ve also been an A/U on an AMEX everyday with a limit of 3000 for about 6 months.
Now I’m due for my CLI on the Cap One secured next statement.
Well I went back and Tried Discover pre approval and it said I’m now approved for a Discover IT secured card through Jan 18th
I have one baddie still . $111 from Waypoint Resource Group. I could easily pay it but I want to get it removed so I’m figuring how to do that.
I’ll have enough money to pay off all cards in about 2 days. I’m at 30% now and I pay off in full every month but didn’t know when my closing dates until recently.
My questions;
Should I sign up for the Discover now, take the secured card and make it my 3rd card?
Does the Amex count towards my 3 card portfolio since I’m an Authorized user?
Would it be better to wait before looking at Discover again? I’ll have that baddie gone in a few weeks and my balances down under 10% all that should get me up to 680-700
Thanks! Hopefully that all makes sense.
-James
Lurking for about a year but I’d like some advice.
I think I put relevant info in my sig...
When I got approved for my Cap1 Secured card I also applied for Discover Secured and got turned down. I called them and all they would tell me is there was enough bad stuff for a denial basically.
Just 2 weeks ago my score was up to 648 across the board and I tried the Capital One pre approval site and it showed me options for both the Platinum Card and the QS 1. I opted to take the QS1 and got a limit of $300 which I know is low but it felt good to get approved for any kind of unsecured. And I want the cash back.
I’ve also been an A/U on an AMEX everyday with a limit of 3000 for about 6 months.
Now I’m due for my CLI on the Cap One secured next statement.
Well I went back and Tried Discover pre approval and it said I’m now approved for a Discover IT secured card through Jan 18th
I have one baddie still . $111 from Waypoint Resource Group. I could easily pay it but I want to get it removed so I’m figuring how to do that.
I’ll have enough money to pay off all cards in about 2 days. I’m at 30% now and I pay off in full every month but didn’t know when my closing dates until recently.
My questions;
Should I sign up for the Discover now, take the secured card and make it my 3rd card?
Does the Amex count towards my 3 card portfolio since I’m an Authorized user?
Would it be better to wait before looking at Discover again? I’ll have that baddie gone in a few weeks and my balances down under 10% all that should get me up to 680-700
Thanks! Hopefully that all makes sense.
-James
Welcome to My Fico!
Congrats on your progress thus far..
In reading this: "Would it be better to wait before looking at Discover again? I’ll have that baddie gone in a few weeks and my balances down under 10% all that should get me up to 680-700"
I would say, yes, wait out the few weeks..
After the baddie is gone & your score reflects the change, try Disco prequal again. You might even qualify for an unsecured at that point.
Good Luck & keep at it!!
Thank you both for the feedback, that is what I shall do.
I plan on gardening , I would just like to get my 3 revolving lines of credit so that I can then get an instalment loan from my credit union and have a solid portfolio to garden and to have a couple of rewards cards while Im doing it. This way I'm atleast geting paid for all I spend. Im running about 6k through my cards a month.