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Just Started

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Anonymous
Not applicable

Re: Just Started

OP, one Discover, one AMEX, and one Visa or MasterCard is all you need to complete your CC portfolio. 

 

The Visa/MasterCard should only be used as a last resort for places where they don't accept AMEX or Discover. 

 

I wouldn't even bother with Capital One---you already have a BoA credit card that's probably a Visa. 

Message 11 of 26
Anonymous
Not applicable

Re: Just Started

+1 what mountaindew wrote.  Totally agree (in my previous post) that Discover prequals have been spot-on when there is a solid APR, and others on this forum  who have been approved with a smaller range.  Me, personally, I applied when I got a solid APR.  The Cap One Plat is sub-prime, and it gives you nothing.  It is an okay card if you're rebuilding damaged credit, but there are better cards out there for people new to this country with thin files.  Good luck, op! Smiley Happy

Message 12 of 26
AverageJoesCredit
Legendary Contributor

Re: Just Started

From what understand, could be wrong though Smiley Happy , if you get a close set on apr like for example 15% -18% , and not the wide range like 11- 23% , this would be considered solid?. I know i e gotten like 5 mailers with small apr ranges like that , not the wide range , and i still did not get approved. I know its a YMMV thing with Discover but in much more cautious with their prequal site or any offer from them. Maybe you need to get an exact apr for a solid approval?. Still learning, good luck OpSmiley Happy
Message 13 of 26
python0704
New Contributor

Re: Just Started

Aside from already suggested, I recommend get rid of the secured BOA, their unscured CCs are pretty entry level with nice rewards.

Message 14 of 26
Anonymous
Not applicable

Re: Just Started


@python0704 wrote:

Aside from already suggested, I recommend get rid of the secured BOA, their unscured CCs are pretty entry level with nice rewards.


If i will do that, i will ruin my history, bcoz it is only 1 card that i have now (7 month). I hope they will convert it to somethings more usefull in future.

Message 15 of 26
Anonymous
Not applicable

Re: Just Started


@Anonymous wrote:

@python0704 wrote:

Aside from already suggested, I recommend get rid of the secured BOA, their unscured CCs are pretty entry level with nice rewards.


If i will do that, i will ruin my history, bcoz it is only 1 card that i have now (7 month). I hope they will convert it to somethings more usefull in future.


No, the history will stay there for 10 years.

Message 16 of 26
Anonymous
Not applicable

Re: Just Started


@Anonymous wrote:

@Anonymous wrote:

@python0704 wrote:

Aside from already suggested, I recommend get rid of the secured BOA, their unscured CCs are pretty entry level with nice rewards.


If i will do that, i will ruin my history, bcoz it is only 1 card that i have now (7 month). I hope they will convert it to somethings more usefull in future.


No, the history will stay there for 10 years.


That's a good point if OP really wants to close his/her secured card, but getting other card(s) and waiting a bit before closing that one might be a good idea. History staying for 10 years notwithstanding, having no cards open (or having just 1 card with a one-month history open) just feels like a bad idea to me.

Message 17 of 26
Anonymous
Not applicable

Re: Just Started


@Anonymous wrote:

+1 what mountaindew wrote.  Totally agree (in my previous post) that Discover prequals have been spot-on when there is a solid APR, and others on this forum  who have been approved with a smaller range.  Me, personally, I applied when I got a solid APR.  The Cap One Plat is sub-prime, and it gives you nothing.  It is an okay card if you're rebuilding damaged credit, but there are better cards out there for people new to this country with thin files.  Good luck, op! Smiley Happy


Discover prequal web site gets a (well-deserved) bad rap because it is deceptive.   Most other sites, if they can't find a match, say something like "We cannot find a match but we think you might like....."    Here, after entering totally made up data, it looks like I have been matched with the IT card.   Yes, if I look down at the bottom I see a wide APR range, and we know, from here, that that means no real match was found, but most other users won't.

 

Now mailers with no APR range are more likely to be real.  But that's not what the OP got

Message 18 of 26
RonM21
Valued Contributor

Re: Just Started

I agree, the Discover site is known for it's issues, but when getting something in the mail, that tends to be a different situation. You'd think they would fix that.


Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 19 of 26
Anonymous
Not applicable

Re: Just Started

Hello everyone!

 

Things was changed  a little bit, looks like Discover figure out that i am very interested. I just got mailer offer from them (0 APR 12 month then 19.24%)

I think i will skip cap1 platinum and apply to discover, anyway will wait BofA report. Is any difference how to apply using their envelop or on website (i have invitation number)?

 

PS funny that 7 month ago my wife also opened secured card CLI 500. Today BofA returned 500 deposit and increased CLI to 1k without any request.

Message 20 of 26
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