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Hello,
Looking to see what type of card my wife should apply for so she can finally get a solid CC her info is below
3 Accounts on credit report never missed a payment on any
1 Self Lender Balance 365
2. PNC Secured $500 Dollar limit
3. Bestbuy Store Visa 1k Limit
Experian Fico 8 699 Score
Utilization 40% - Will be dropping next reporting it should be 6 percent with what we paid
0 Collections
The PNC secured has been open going on two years, PNC pre approved her for a card but she doesn't want to go with them since they have a crappy reputation for low limits. Is it safe to close this card? What company should we try for? When running pre-approvals she was Pre-Approved for quite a bit.
That's a low score for not having missed a payment on those accounts. What derogatories does she have, BK, chargeoffs, collections?
She has no negatives at all, Shes new to credit for the most part though and the 40 percent utilization. Her first credit line was the PNC secured which is still under 2 yrs
I would check the prequals for Chase, Amex, Discover, and Capital One. That way she has an idea of what is available. With not being over the 5/24 rule, it would be best to go for Chase first if that is a lender/bank she has thought about.
@Anonymous wrote:She has no negatives at all, Shes new to credit for the most part though and the 40 percent utilization. Her first credit line was the PNC secured which is still under 2 yrs
This makes sense, my fiance has high utilization on a card that has 0% for some stuff we purchased earlier this year which is keeping her scores under 700 at the moment.
@Mv350 wrote:I would check the prequals for Chase, Amex, Discover, and Capital One. That way she has an idea of what is available. With not being over the 5/24 rule, it would be best to go for Chase first if that is a lender/bank she has thought about.
Shes pretty open, I am trying to get her to open up a myfico forums account actually as we speak as well. Amex pre approved her for a ton of cards same with discover ill have some more info in just a bit.
Chase tends to give better starting limits than increases. Regardless of what she chooses, she should get the utilization below 30% reported, at least, before applying, for the best shot at a good result.
For sure, That should report under 30 percent next statement should be around 6-8
@Anonymous wrote:For sure, That should report under 30 percent next statement should be around 6-8
This would be ideal. Once she gets them reported lower, it would be much better for starting limits. Personally I would go Chase then Amex or Discover. Had I known about this forum and all of the valuable information here, I would have held off my app spree until I could get in with Chase first.