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When should I get a Secure card?

Established Member

When should I get a Secure card?

Paid back all my debt. Got 2/3's of it off my report by PFD and will do GW in a bit. When should I get a secure credit card?

Message 1 of 4
Regular Contributor

Re: When should I get a Secure card?

Awesome job getting that taken care of! I'm no expert, as I'm still trying to get some things off my CR, but I opened a US Bank secured card. I wanted to go ahead and get started with some positive revolving credit.

Message 2 of 4
New Member

Re: When should I get a Secure card?

The sooner you start with the positive revolving accounts, be it secured or not, the better. Your negatives will have a little less impact when you have positives to offset.

Message 3 of 4
Moderator Emeritus

Re: When should I get a Secure card?

I too promote building new good credit along with cleaning up old bad credit.  It makes for a healthier CR.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 4 of 4