Question...

[ryan3650]

I have had a cap one unsecured master card since last July.  Started at 300 CL and went up to 500 in about two months but has not gone up since.  I'm a little frustrated as I pay it off completely every month and have asked twice for an increase and been denied.

Would it help my score to apply for an orchard unsecured or should I wait for the cap one to increase?

My ex fico is a 624 and tu is about a 600....both were well below 600 when i got the cap one card...like in the 550 range

[Anonymous]

HAHAHAHAH

I mean, if you want a higher CL, waiting for Capital One to give it to you will result in dying of old age with that low limit.  I've had my Capital One card for 9 years and I've gotten ONE CLI, and that was in probably 2003.  I went from 200 to 500.  Honestly, if it were me, I'd work on my report and then apply for something better than an Orchard once your scores are higher.

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ryan3650 wrote:

I have had a cap one unsecured master card since last July.  Started at 300 CL and went up to 500 in about two months but has not gone up since.  I'm a little frustrated as I pay it off completely every month and have asked twice for an increase and been denied.

Would it help my score to apply for an orchard unsecured or should I wait for the cap one to increase?

My ex fico is a 624 and tu is about a 600....both were well below 600 when i got the cap one card...like in the 550 range

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[ryan3650]

Thanks Mauve, I kind of figured as much now that I am reading around and seeing that no one gets increases with them.  I thought maybe having an additional card would help but I'll just keep waiting.

[Anonymous]

It's likely having another card will help boost your scores, actually - keep one at $0 and the other at a low %.

[Anonymous]

I would personally recommend, though, to choose something you'll want to keep when your scores are up, and I'm not sure what's available that would fit that category.  I doubt Orchard does.

[ryan3650]

yea im not sure I'd want to keep it.  Just trying to think what else I can do to boost my score.   I have no debts or collections left and the cap one is my only open card.

[Anonymous]

Collections are paid, or collections deleted?  Do you have any lates or public records or anything like that?

[MarineVietVet]

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@ryan3650 wrote:

yea im not sure I'd want to keep it.  Just trying to think what else I can do to boost my score.   I have no debts or collections left and the cap one is my only open card.

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If you're not planning on any applications for awhile just let what you have age and not think about a score. Keep doing all the boring (but proven effective) tactics that improve a score:

Always paying on time

Keeping utilization low

Don't apply for credit you don't need

Do this for about a year and while waiting do research on which cards can help you and grow with you. Don't apply for a card just because you can.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[ryan3650]

collections are paid, but two of them still appear on my report....with zero balance.

i have some negative indicators on my accounts but all of them are at least several years old.  no public records.

[ryan3650]

Not planning any applications for a while.  I was thinking of trying to get a mortgage back in February but I decided to rent and work on my credit for a while.  I can definitely keep doing what I am doing, if you think the score will rise over time.  Thanks marinevet