My first card for my rebuild in Jan 17 was a secured Primor (was First Choice, then Berkshire, now it's Green Dot, I think) Gold, I put $400 on it and it was a soft pull. So no worries there. 3 HP's, or zero? Easy decision. Don't worry about the name of the bank because you will likely end up closing the secured Cap 1 down the road in your rebuild anyway, since it is bucketed. I will say that the payment situation on that Primor card was quirky, but it worked. Closed it after 15 months. It helped (as always with rebuilds, I had a few irons in the fire) raise my scores from 470-490's to 600 within a couple of months.
I did have a secured Cap 1 Plat at the outset of my rebuild though. I threw $1k at it to make it useful (I guess), they unsecured it after a year. Then upgraded it to a QS, which late last week I got my first CLI on from $1300 to $1450.
Personally, I wouldn't do the Cap 1 since 1.) you already are in with Disco, 2.) I wouldn't take another 3 HP's, 3.) the Green Dot secured was a fantastic option as a SP and opened a lot of doors for me.
Best of luck with your journey and whatever you choose.
I don’t think a Cap One account (secured or otherwise) is required to rebuilding. Follow you programs plans to get out of secure status, earn CLI, and develop good credit habits. It does take time, you can grow it aggressively, but having good scores will be worth it.
|Total CL: $306.1k||UTL: 3%||AAoA: 6.8yrs||Baddies: 0||Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping|
Congrats on your approval !!!!