Oh and first card opened in August as secured, security released in january, same security depost used to open second card when released. Using Credit Karma and they tell me I dont have enough accounts on my file. So slow down to what?? One card with no usage??? I deliberately use 7% because most credit counseling places advocate "under 30%" my expenditures are things Im buying anyway and I have the cash to buy I use the cards to loan myself money, every month paying the entire balance before the due date, and then DELIBERATELY spending about 7% to show utilization, my understanding is that showing a zero balance will drop your score since the CRAs will consider it a closed account. Slow down?? five months between cards, how is that anything like you applying for five AMEX cards in a day??? I'm simply asking when it is prudent to aak for a CLI on a card that WAS secured until late December at which point NFCU unsecured it returned the deposit and awarded a $1,400 CLI. Obviously Im grateful for any increase but also cognizant that it is a paltry sum in the grand scheme of things.
Tinmanactual I would actually go for an unsecured card with them instead of another secured. Since they unsecured your previous card it is very likely you will get approved for a normal card now with better rewards
Thanks credit confusion, unfortunately when I went to the branch and told them I wanted to apply for a mastercard to round things out a bit I told the customer service rep I was prepared to secure it but hoped it wouldn't be necessary and she put in an app for secured which of course they approved. So the die is cast What Im wondering about is the appropriate time frame to request a CLI on the first card. Im not chomping at the bit to spend, I have loftier goals in future a car loan and a mortgage but building a solid base means a lot. Anybody have an idea on a potentially successful CLI timeframe?? I've seen 91 days bantered about is it a reasonable period to wait after my initial CLI and releaae from secured status?,
Well guys I did the leg work. Despite the suggestion I'm moving too fast my transunion report confirms august 2017 as the inquiry and susbsequent issuance of the NFCU secured Visa, an additional deposit to secure a CLI was funded on November 26th 2017 . The deposit was refunded and the card unsecured on or about December 31st, January, February and soon to be March's statements paid in full, statement will close March 26th. The second card was issued secured on February 9th 2018 and currently has a limit of $500.00. I will be requesting a CLI on the first card on or about March 27th 2018. I will keep you informed.