@Anonymous wrote:Good Morning,
A little back history on myself, I hurt my credit after my divorce. I have started to redeem my credit worthiness since I deployed and I have proudly just became debt free. I have recently just been approved for a Discover It secured card and I was hoping to get some insight on how to use it to improve my FICO score. Should I make small purchases and pay it off the next week? Ive seen other forums noting that it helps to increase your CL by maxing out your card and paying it off before the cycle it reports to the CRA. My end goal is to get my score up to atelast a 700 by end of 2018 god willing. I appreciate all and any words of wisdom.
I recommenf getting two more cards (have you tired the capital one pre-qualification site?) And I'd do the alliant SSL technique if you don't already have a reporting loan in place. NFCU has a great secured card if you don't qualify for the unsecured version, fyi.
And for maximum FICO score points, follow the AZEO method: all cards report zero except one, which reports 8% or under. Also, I use my Discover secured pretty hard, I max it out and pay it down several times a month (you get double cashback in your first year!) Just try and not let it report maxed out, for optimum FICO points. But utilization is easy to fix the following month if that happens!
Thank you for your service!
@simplynoir wrote:
@Adkins wrote:
@Anonymous wrote:Good Morning,
A little back history on myself, I hurt my credit after my divorce. I have started to redeem my credit worthiness since I deployed and I have proudly just became debt free. I have recently just been approved for a Discover It secured card and I was hoping to get some insight on how to use it to improve my FICO score. Should I make small purchases and pay it off the next week? Ive seen other forums noting that it helps to increase your CL by maxing out your card and paying it off before the cycle it reports to the CRA. My end goal is to get my score up to atelast a 700 by end of 2018 god willing. I appreciate all and any words of wisdom.
I recommenf getting two more cards (have you tired the capital one pre-qualification site?) And I'd do the alliant SSL technique if you don't already have a reporting loan in place. NFCU has a great secured card if you don't qualify for the unsecured version, fyi.
OP's signature shows QS card so that's good; nice no FTF card with good cashback. I would look into NFCU and USAA for their card (and other services really) products if you can. Probably the two most desirable credit unions someone can join and with your service you'll get in with them no problem. Even if you don't plan to get a card from either one at this time it's beneficial for you to get in the door with them.
And as Adkins said we thank you for you service!
*facepalm* I'm about to crash for the night and I'm not wearing my glasses. OPs signature was blurry until I looked closer now that you pointed that out. Sigh. I also second USAA. The only thing with USAA is if you don't qualify for a regular card, their secured cards do NOT graduate.