No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I politely disagree with the PP concerning the max, at least as it applies to Discover. I only had a couple hundred on my discover secured card and it regularly reported maxed out, as I made several payments a month. My card unsecured at 10 months, I think? (I'd have to find the thread.) You haven't given us any data points to work with: fico scores, any baddies, etc.. It's the overall profile that seems to trigger graduation.
Thanks for the replies. I have a bk7 discharged October last year.
EX fico 8 : 627
TU fico 8 : 615
EQ fico 9 : 632
Since my bk I have these credit cards:
Credit One: $231 bal / $300 limit opened 10/2018
Discover secured: $179 bal / $200 limit (payoff every other week) opened 11/2018
NFCU secured: $164 bal / $300 limit (payoff every other week) opened 3/2019
Merrick: $355 bal / $700 limit opened 5/2019
Next month I will make sure they both report a $0 balance and see if that helps trigger anything. Will pay off the other 2 by October.
@Anonymous wrote:Thanks for the replies. I have a bk7 discharged October last year.
EX fico 8 : 627
TU fico 8 : 615
EQ fico 9 : 632
Since my bk I have these credit cards:
Credit One: $231 bal / $300 limit opened 10/2018
Discover secured: $179 bal / $200 limit (payoff every other week) opened 11/2018
NFCU secured: $164 bal / $300 limit (payoff every other week) opened 3/2019
Merrick: $355 bal / $700 limit opened 5/2019
Next month I will make sure they both report a $0 balance and see if that helps trigger anything. Will pay off the other 2 by October.
Okay, here is where you stand:
These are your only CCs and you are carrying a balance on all of them. Then, you are maxed out on 1 card, almost maxed out on another card, and over 50%UT on the other two. I absolutely believe this is why your Disco and NFCU secured cards won't unsecure.
So in order to get Disco and NFCU to see you in a favorable light, which shows you're responsibly handling your credit, I suggest that you get the 3 highest UT cards to $0 ASAP and the Merrick to less than 8.9%UT. Another question: are you paying interest on these cards? Try to develop a habit while you have low CLs of PIF if possible. This will go a long way in setting you up on how to treat your cards when you start getting higher CLs.
Since you say you are paying balances off every other week, I don't understand why these balances are so high. So get in the habit of making sure that these balances are paid off before statements cut so they don't report this high. Of course, as stated above, let one report at less than 8.9%.
GL2U
@Anonymous wrote:
The discover and nfcu I pay in full and use again but I thought it only mattered to report 0 Bal when you need to apply for new credit...so never was concerned about what it actually reported on statement. I am still learning when it comes to this credit stuff! I haven't paid any interest in those cards. The other two, I dont use as often but will make sure to pay off asap. I appreciate the help!
I disagree for several reasons
1. If you're trying to get a secured card to graduate to unsecured, that IS trying for new credit
2. In this society you never know when your credit score will come into play. Your cell phone might break, or you might be moving, or you might be applying for car insurance, or you're opening a new bank account, or you're applying for a job. Etc.
3. If you want your scores optimized, make sure 1 card reports at 28% or less, and the others report at zero.