One Year before Unsecured Cards?

[Jerry45]

Finally hit the 6 month mark on my oldest Secured CL, and received some pretty decent FICO Scores, but is it wiser to wait a full year before applying for unsecured cards of the better tiers(Rewards) etc..... Some have said here to wait for 6 full statements to report first, but just do not want to get nailed with Hard Pulls if it is too early. Thanks

[parakleet]

Need more info - aaoa, # of inqs, utilization, derogs, and scores - for people to offer any informed advice. Without knowing more, I would wait if you want to maximize your chances of approval. But again, need more info.  

[Jerry45]

Fair Enough.  No Baddies, No Hard Pulls, Utilization around 9%. 2 Secured cards, one 6 months, the other 5 months

[Jerry45]

Forgot Scores. EQ 716

                            TU 711

                            EXP- 708

[Jerry45]

Whoops again. Scores are all FICO

[myjourney]

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@parakleet wrote:

Need more info - aaoa, # of inqs, utilization, derogs, and scores - for people to offer any informed advice. Without knowing more, I would wait if you want to maximize your chances of approval. But again, need more info.  

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Paraklleet glad to see you home we missed you ....Yay

OP looking at your scores I'd say your ready if UTL is in order.....but slow steady wins the race 

I'd be curious as to what cards your looking at also 

[Revelate]

Default advice: wait the full year, lot of decent entry-level rewards products become available at that point.

More custom advice, depends what you want to do when building your portfolio.  At the six month mark you can get an Amex charge card potentially if your spending profile fits that, or likely easily a store card (Walmart or whatever, there's dozens out there) if you shop at a given place on a regular basis.

My opinion though, you're halfway to Freedom, IT, others with two tradelines already, that it's probably better to just wait.

[Jerry45]

I agree. I travel often, so I want to get a solid Travel or rewards card. I have waited 6 months, I can do another 6. Thanks

[kchengg1]

Agreed, wait the full year. That way you don't waste a hard pull for graduation (if they require one) and so you can get a nice CLI with it.

[eagle2013]

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@Jerry45 wrote:

Finally hit the 6 month mark on my oldest Secured CL, and received some pretty decent FICO Scores, but is it wiser to wait a full year before applying for unsecured cards of the better tiers(Rewards) etc..... Some have said here to wait for 6 full statements to report first, but just do not want to get nailed with Hard Pulls if it is too early. Thanks

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Wait until your card unsecures and then apply.