Best not to add any new accounts while seeking a mortgage, or less than 6 months prior to seeking a mortgage, so not to complicate things on the lending side. Best to wait ttil after you close to add new accounts.
Credit limit doesn't matter - utilization does so just keep your balance low. No need to make adjustments to the limit at this time.
Were you able to obtain your mortgage scores?
I have a Capital One secured credit card, it is called Platinum.
What do you think I could get as a second card?
Should I also ask to get a higher limit on the one I have?
Tending my Garden til 6/2020
The thing is that I am not able to get my FICO scores.
At myfico they say they won't give me my scores if I have only one credit card.
They literally refuse to take my money for a membership.
What should I do?
At some point I need to add a new credit card but it never seems to be a good time, esp. now that Im about to look for mortgages.
You want to be under 8.9% reported aggregate utilization.
0% utilization, you'll receive penalty points.
Greater than 8.9%, you'll receive penalty points.
50% or more of your cards reporting a balance, you'll receive penalty points.
"I opened a secured credit card 18 months ago. This is my first and only card."
The OP only has 1 card.
Noted. Was throwing out a tidbit of information to the OP.
Yes I got my scores on experian but those are FICO8 scores. Not for mortgage.
Try calling myFICO to discuss the issue. 1-800-319-4433
Experian.com should also provide EX 2 score.
You were right Allzero: through experian I was able to get FICO2 (mortgages).
I have a score of 755.
Ok so, let's assume it is a score that could be use by a bank when I'll apply for mortgage.
My question is: will the banker just take the score in itself (and think it is pretty good) or might she/he think the score is not that relevant because I have only one card (a secured card) that was issued not that long ago ?
If the latter is the case, should I apply for a new card?