That's a low score for not having missed a payment on those accounts. What derogatories does she have, BK, chargeoffs, collections?
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.
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.
@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.
Im sorry, but if PNC was willing to offer her a preapproved credit card, unsecured, i wouldnt be so biased based on " so called low limits" heard about as getting a unsecured bank card would be a huge step up for her profile. She already established 2 years history with that Bank so she may have been suprised by the sl. Even if it started low, with a secured card and BB, you cant expect 10k limits plus off the bat. Her profile is being built. A third card would/will help her profile thicken . Just an average observation from an average Joe