Need advice if I should try to get a different card.

[Anonymous]

For some reason Capital ones pre qual. Cant ever find a card other then the secured (I already have that) my credit score is mid 600's I was just approved for a 1500 chase freedom, and Im wanting to add one more non secured card to the ones I have then start gardening.

I have 2 secured-Discovery and Cap 1

And was just approved for 1500 on the Chase Freedom- which showed me I pre qualified, which is the reason why I applyed.

So, with this info, do you think I should apply for a cap1 unsecured?

I just dont wanna get a reject, so Im bassically wondering what you guys think, and what the odds are.

[Sbrooks1]

I would think you would have no problem with cap one!

[Anonymous]

I'd say go for it if you have an immediate need for a cap1 unsecured, but temper your expectations without the pre-qual. If you get approved, run straight to the garden and grow those bad boys! You seem to be on the right track to building up your credit! Hope it goes well for you! 

[SouthJamaica]

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@Anonymous wrote:

For some reason Capital ones pre qual. Cant ever find a card other then the secured (I already have that) my credit score is mid 600's I was just approved for a 1500 chase freedom, and Im wanting to add one more non secured card to the ones I have then start gardening.

I have 2 secured-Discovery and Cap 1

And was just approved for 1500 on the Chase Freedom- which showed me I pre qualified, which is the reason why I applyed.

So, with this info, do you think I should apply for a cap1 unsecured?

I just dont wanna get a reject, so Im bassically wondering what you guys think, and what the odds are.

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You would almost definitely get approved for the Platinum, but since you were approved for the Chase Freedom you might well get approved for the Quicksilver, which is better than the Platinum.

[Closingracer99]

If you're scores are in the 600's I say garden and just let them improve.... Let your secure cards get un secure or down the line just close them and get your deposit back

[Anonymous]

Agreed with closingracer99. I have noticed (this isn't scientific, merely observation) that it's harder to prequal for a cap1 card if you have a secured and often times if you have a platinum. They like you to make them money and not give you any

[Anonymous]

Just gardening without adding another card has crossed my mind, but I really think adding 1 more unsecured to the mix will work good in the end as I will not only increase my available credit, lower util. rate and I will begin to age the account right now to go a long with the rest for the next year or so. That and I like to begin relations with multiple conmpanies that way after a time the CLIs will increase. Not that I really need them, just helps the cause and it feels pretty good to increase a security net.

If I do decide to apply, should I wait until the new one reports and in theory should increase my score to high 600s, or should I just do it now?

Thanks everyone for your insight.

[Anonymous]

Hard to tell if a new card will even raise your score but if you're applying for utilization reasons then you need to pay that and stop applying.

[Anonymous]

From what I'm reading, it looks like you want to apply for an unsecured Capital One card and you're coming up with reasons to justify getting one. If you want one, apply. If you get denied, you'll know you need to wait a while longer to age & grow your existing accounts, which you're planning to do anyway. You'll have the inquiries to all 3 credit bureaus if you apply whether or not you get approved, and you'll never know until you try.

[Anonymous]

Well, I more reffering to the future usage, as if I get them now- then within the next year or so they will build up. I intend on using any kind of point system as my business consist of purchasing a lot of goods- and I could do some serious bankrolling on points last year I purchased around 35-40k just in goods alone.

But I can see how I came off that way-

So my thought is to

Get the cards aging now-

Be able to show consistant payments-

CLI by 2017 to increase my total buying power

Sometimes Im given opportunities to purchase large lots of items that I could in return make over 100% ROI, but sometimes I just dont have the capital to work with- which creates a lossed opportunity to double my money.

So that is my main concern with the CLIs, the 2nd is because I do not have a lot of available credit to me- which from my understanding DOES effect scoring.

Hopefully that will clarify.

I am also looking into private labeling some products later in 2017 which will most certainly take more capital.