cancel
Showing results for 
Search instead for 
Did you mean: 

Trying to get credit cards

Crumprenee
Member

Trying to get credit cards

I have had a VS credit card and a secured Visa credit card for a little over 1 year now always pay on time BUT my debt to credit ratio was over the 30percent allowance for awhile but I have paid it down.I also am with a credit repair company to remove some derogatory older things from my credit report (and they have removed a few things so far and they are still working on my behalf) I just want to be able to get a credit card without it being secured.my credit karma score is 586 (that being the highest) I would at least like a credit card with a couple thousand dollar credit limit. I forgot to mention I also have a account a a furniture store $1000 financed and payments are made ahead of time on this account. (2-3 months ahead as I am trying to pay it off early)
Message 1 of 14
13 REPLIES 13
nursegirl0506
Established Member

Re: Trying to get credit cards


@Crumprenee wrote:
I have had a VS credit card and a secured Visa credit card for a little over 1 year now always pay on time BUT my debt to credit ratio was over the 30percent allowance for awhile but I have paid it down.I also am with a credit repair company to remove some derogatory older things from my credit report (and they have removed a few things so far and they are still working on my behalf) I just want to be able to get a credit card without it being secured.my credit karma score is 586 (that being the highest) I would at least like a credit card with a couple thousand dollar credit limit. I forgot to mention I also have a account a a furniture store $1000 financed and payments are made ahead of time on this account. (2-3 months ahead as I am trying to pay it off early)

you are going to find a hard time finding someone to give you 1000 credit limit at your scores. you might try getting an account with navy federal credit uinion they may give you a credit card , if you open a savings account with them. another option try Credit one. Crredit one is a subprime card.. not my favortie, however they gave me a change when no one else would. .make you payments on time and every 6 months they will increase your credit line. probably wont start out at 1000 though. Hope this helps.

Message 2 of 14
Crumprenee
Member

Re: Trying to get credit cards

Thanks for the reply I will try credit one.
Message 3 of 14
Movingon40
Regular Contributor

Re: Trying to get credit cards

I would suggest reading all the fine print and making sure you think it's worth it to go with Credit One. Also search these forums for advice and experiences. I never went with them because of what I saw here. I waited it out and after having my Comenity store cards for a few months, I was able to get unsecured CU cards. Everyone has a different profile and different needs but I'd hate to see anyone pay crazy fees if they don't have to. 
Message 4 of 14
JustcallmeTM
Regular Contributor

Re: Trying to get credit cards


@Crumprenee wrote:
I have had a VS credit card and a secured Visa credit card for a little over 1 year now always pay on time BUT my debt to credit ratio was over the 30percent allowance for awhile but I have paid it down.I also am with a credit repair company to remove some derogatory older things from my credit report (and they have removed a few things so far and they are still working on my behalf) I just want to be able to get a credit card without it being secured.my credit karma score is 586 (that being the highest) I would at least like a credit card with a couple thousand dollar credit limit. I forgot to mention I also have a account a a furniture store $1000 financed and payments are made ahead of time on this account. (2-3 months ahead as I am trying to pay it off early)

In your position I would attempt to get into a credit union since they are better for rebuilds, they are not on the level of big banks but they are not as low on the totem pole as store charge cards and or some of those same SYNC/Comenity co-branded cards.

 

Most people are struggling with Cap 1 and Barclays but in my eye both of those mid level bank cater more towards people who rebuild than those with exceptional credit. I don't have as much luck with either bank, but those with lower scores and newer to credit have more luck. I think of Barclays and Cap 1 as starter banks, those who scores or profiles aren't perfect but need a stepping stone before moving on to a bigger tier bank.

 

If your report is less than perfect then trying for major cards like BOA, CITI, Chase, etc will be alittle tougher not impossible just tougher.

 

The main thing you need to do is formulate a plan first and design it so that what your doing fit's your needs and you don't have to keeping wasting INQ and opening accounts. Need to make a list of store you shop at the most where your spend goes to the most and look for cards around those things you shop/buy the most and plan for those cards only, not get one card as a stepping stone to get the next, about 80% of the people do that and I don't think that is smart, just leaves you in a 3-4 year rebuild for something that literally takes only about 12-18 months to establish if you do it right, unless you have negatives on your report then your at the mercy of those negatives until they are gone.

Message 5 of 14
fltireguy
Valued Contributor

Re: Trying to get credit cards

You REALLY need to know what your REAL credit scores are as well - not the FAKO versions that Credit Karma shows.. it will be a big help

NFCU $60.4k/PenFed $22.5k/Commerce $15K/53 $11K/Synovus $14K/BBT $11K/CapOne $12K/DCU $7.5K/BMO $7.5K/Chase $14.5k/Cabelas $10K/ and many many more!
Total CL $398600, plus car and RV loan.
Ooh. Ooh. Getting closer to that $500K mark!
Message 6 of 14
MyLoFICO
Valued Contributor

Re: Trying to get credit cards

Do yourself a favor and can the credit repair company, do some reading on here and do the legwork they are doing, yourself. You will save quite a bit of money. Money you can put towards your debt. They don't care how fast your credit gets repaired, you do. Second, get your real score. Then post here your real scores, any bad accounts, and inquiries and let these smart folks point you in the right direction. There is a ton of invaluable information here if you are willing to do the research and don't rush.


Experian: 677 (28) | TransUnion: 697 (27) | Equifax: 684 (6)
Gardening as of: 1-23-2018
Updated 1-25-18
Message 7 of 14
HeavenOhio
Community Leader
Senior Contributor

Re: Trying to get credit cards

How much do you owe on your furniture card? Even though it's a 0% promo, it still counts toward your utilization and may be holding down your score. The best time to apply for more credit might be when the balance on that card is $289 (28.9%) or less.

 

Which bank is your Visa with? Knowing that would put people here into a better position to make suggestions.

 

And as others have said, definitely get your FICO scores. You can get a free monthly Experian FICO, along with a nice report, from freecreditscore.com. A popular way to get all three FICOs is to sign up for a $1 free trial at CreditCheck Total. Sign up, get your scores and reports, then cancel within the trial period. Because I haven't gone that route myself, others here would be in a better position to fill you in on the details.

Message 8 of 14
Crumprenee
Member

Re: Trying to get credit cards

My secured visa is with open sky,
Message 9 of 14
RebuildingInSC
New Contributor

Re: Trying to get credit cards

Take a shot at the cap1 and discover or some of the other solid prequal sites to see what they show. There are a few threads on hear about how to interpret the results of each to minimize the chance of rejection. If you've been solid with payment history for the last year and your utilization is below 30%, I would think Cap1 may offer the platinum card. Also as others have said get your real fico scores. My wife's ck account was in the 580-590s, but her fico scores across all 3 was In the 620s but on the other hand CK had me at 570-580, but my Ficos are in the 550s.
Message 10 of 14
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.