@Anonymous wrote:Nooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo!
Just be be patient for 6 mos then try the preapproval sitesfor Disco and AMEX. I’d roll that die before letting prime creditors see a sub-prime lender on your credit reports.
I know this seems to be a thing here on My Fico for some but I think it's almost an urban myth.
I was approved for all of my Prime cards with an old Merrick Visa on my report.
I hung onto it out of some strange sense of loyalty and only closed it very recently.
It had a $3300 limit was 4 yrs old.. Never hurt any of my apps but it's the only subprime I had..
It's different for everyone, I suppose having a bunch of them could have a neg affect.
@Anonymous wrote:Merrick is a fine rebuilder for someone with no other cards, or a couple of the same type. But OP has two cards with prime lenders, so at this point it should be considred a pass. Especially with an AF.
IMO, save the HP and new account for something worth it. As others have said, wait a few months and you could go for Discover and/or your own Citi Card.
I would agree but the OP said they are just an AU on those cards.
I do agree the AF is too high and they can hold out for a better one or none at all.
Unless the QS is the OPs card.. Then I agree they have surpassed the need for Merrick already.