No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Hey guys,
I've been lurking this forum for the past year, learning about credit, and taking some proactive measures about it. A year ago, I was approved for a Secured CapitalOne Mastercard w/ a $200 limit. Because of you're advice, I recently applied for a Citi Student Forward w/ a limit of $3,000!
Now, I'm thinking of cancelling the CapitalOne card; is that a good or bad idea? My annual fee kicks in next month, and I have two store cards dating a year ago, and a Discover card from 2011 that I use daily. Any suggestions?
@HoneyWholeWheat wrote:Hey guys,
I've been lurking this forum for the past year, learning about credit, and taking some proactive measures about it. A year ago, I was approved for a Secured CapitalOne Mastercard w/ a $200 limit. Because of you're advice, I recently applied for a Citi Student Forward w/ a limit of $3,000!
Now, I'm thinking of cancelling the CapitalOne card; is that a good or bad idea? My annual fee kicks in next month, and I have two store cards dating a year ago, and a Discover card from 2011 that I use daily. Any suggestions?
Welcome to the forum
It won't hurt you as its only a $200 TL and it will still report positive history for 10 years
Idealy you want 2 major cards(visa, MC, discover, amex) reporting to have better results for other prime APs especially when you move away from Student cards. Its always nice to have one Visa and one MC, just incase you run into a place that doesn't support one or the other.
But good job.
General rule is if it has an AF and you arent' using it and it's limit is fairly low as to not affect UTL%, then close it. It will report for 10 years which by then you should have amassed a nice arsenal of prime cards to pick up the weight.
Okay, well here's my scenario:
I'm going away to college, where I plan on gardening for at least a year or two (possibly more). Should I app for something else to make up for the closed Cap1?
Any suggestions for another card?
@HoneyWholeWheat wrote:Okay, well here's my scenario:
I'm going away to college, where I plan on gardening for at least a year or two (possibly more). Should I app for something else to make up for the closed Cap1?
Any suggestions for another card?
American Express!
Chase
Bank of America
I would also skip the student version of whatever you apply for.
I'm thinking of maybe a BCE from Amex, or Chase Sapphire? I don't know; the thing is I don't know if I'l be working when I'm in school. I feel like that could be a dilemma w/ the CCs.
Amex would be a good choice. to add to the mix after you've gardened a bit. Go Green a charge or Delta Gold for a revolver.
My question is would this be problematic if I stopped working and went to school for a while? I mean, I have a savings account and plan on saving, but I don't think I'd be spending like what I'm doing now. Should I try for another card before I go into this long-term gardening, so my CC profile looks good?