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help me help my sister...

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Contributor

Re: help me help my sister...

I am new on building/rebuilding credit, so this should be taken as second opinion, not as expert advice. I would go ahead and do the Amex, and then sit tight for a year other than perhaps requesting CLIs. The reason I say that is, that would be three cards, and getting in with Amex at an early age is a good thing IMO. I wouldn't worry about utilization much at this point as long as she doesn't start carrying balances and paying a lot of interest. She's off to a great start (better than my current situation), good luck!


I have no accounts on TU or EX old enough to generate a FICO score yet. FAKOs are low to mid 600s. I have a bunch of hard inquiries and ten new accounts in 2019. Everything shown below was opened after April 2 2019. The Jeep image is the actual vehicle I bought with the auto loan. I have an old closed Exxon card on Equifax that allows me to get EQ FICO scores. No derogs.





Message 11 of 15
Valued Member

Re: help me help my sister...

Another Capital One card? Maybe Co-Branded Cap 1 card. Barclay should be easy to get. Or just go for the Amex.
1. She needs an installment trade line for a stronger profile.
2. At this point she might not get anything over $1000 SL

Message 12 of 15
Frequent Contributor

Re: help me help my sister...

Has she tried BB&T?  they have approval on soft pull.  I would try, i mean what is the worst that can happen since it is a soft pull anyway.





No Preset Spending Limit Hilton - $20K  Cash Magnet $18k Blue Cash Preferred $28K   Discover IT HSN Card  FurnRow $16.5K  Rooms To Go Synchrony $16.5K $5k Amazon Prime Card $10k  Home Mortgage 280K 3% 39K Car Loan 1.9%





 







 

Message 13 of 15
New Contributor

Re: help me help my sister...

I had those cards, and a couple small store cards. I got offers for odd banks, but went for a mainstream BT card. Then another. Even tho my first Citi Diamond Pref had no points I could BT, it got me a Discover BT, then I got a new Citi DC (which also can BT if need be, lol), and finally that Nordy VS you mentioned!
But Balances to be transferred always tend to go higher with nice 0% rates to start. Like Chase Slate, or Citi Simplicity, or a new Cap One. I just PC my old Cap1 Plat to a Venture and another to a QS.
But, yeah. If you can look for a BT, they usually give scores around 680 a chance to clear their other cards and then you have a bigger, better card.
And I would REALLY fix that SSN thing.
That might, ... help. Heh! 😋
Starting Score: 630
Current Score: 768/798/803
Goal Score: 820+


Take the myFICO Fitness Challenge

Began in Jan 2017.
As of March 2018, just bought a new solar home!

Planning for: Chase Saphire Preferred
Am Ex Blue Everyday
Marriott Bonvoy or Visa Sig and Hyatt Visa Card (DONE! SPG Business, baby!!!)
A Viaso card (all for Japanese travel)
And to open a High Yield Savings and CD investment, and maybe look into ETFs. (DONE! ALL!)


Citi Rewards+ - $14000, Citi DC - $11000, Nordstrom VS - $5000, Discover IT - $14700, CareCredit - $15000, Cap One Venture - $6000, Amazon - $3800, Wayfair - $4900, Simply Be - $1200, Lane Bryant Platinum - $1900, Cap One Quicksilver (co-sign/au) - $1250, Victoria Secret - $750, Paypal MC - $900 ☹
($79750 in credit. So Far ...) Updated 6/5/2019
Message 14 of 15
Frequent Contributor

Re: help me help my sister...

She might also want to check out Petal or Deserve cards.


June 2019:

Stats:
Message 15 of 15