Help

[Anonymous]

Trying to build credit.. score is currently 550. Applied for a go rewards card from navy fed and was approved. What is the time frame that I can apply for another card or increase the limit?

[Anonymous]

90 days is the recommendation

[Anonymous]

With a 550 score??? It's a miracle if you were approved for an unsecured card even with Navy. I would wait minimum 6 months or 90 days but only if your scores drastically improve.

[Aduke1122]

+100 with Matt4200 it's really a miracle that Navy Fed approved you but they are known for this sort of thing , treat it well , keep your utilization low and don't app for anything else until you get a big change in your scores . I would recommend reading the big thread for Navy fed CLI by CreditAddict it's a long long read but well worth the amount of knowledge you will gain from it . You didn't mention what your starting CL was ?

[Anonymous]

They started me out with a 1,700 limit..... to say in shocked is an understatement! Utilization should be under 30%?

[Anonymous]

I'm disputing a lot of things off my credit now so hopefully it moves fast. I wanted to look into debt consolidation with navy fed also and maybe refinancing my car loan in the future.

[Aduke1122]

Should be kept under 10 % on one card , any other then ccs should ups report at zer balance to get optimal scores for fico

[Aduke1122]

Congrats to you

[Anonymous]

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@Anonymous wrote:
Trying to build credit.. score is currently 550. Applied for a go rewards card from navy fed and was approved. What is the time frame that I can apply for another card or increase the limit?

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Congrats on the success.  Is that a FICO score or one from credit karma or the like?  Some suggest waiting 3 months, 3 statements, plus an AR before requesting a CLI.  Orhers suggest waiting six months.  Whatever you decide, in the meantime I'd keep working on the things that are holding your scores down such as the disputes you mentioned etc.