so here's the deal, I'm new to credit. Started about six or seven months ago. As soon as I turned 18, I applied for two store cards and got declined. Dumb expecting to get approved but whatever. About two months pass by and I get a pre-approved offer in the mail from 1st a Financial Bank and decided, "hey, it's a start to my future with credit." So I apply and instantly get approved with a $250 CL. about a month later I apply for Wells Fargo and Discover and get approved for both. Wells Fargo for $600 and discover for $500. So I use the cards I've been approved for... Boy, what a mistake cause I got them all over 30% util. And eventually over 90% util. I always paid them all when the payment was due. One was for $15 every month and I paid $30 on that one, the other was for $25 a month, paid $50 on that one and the next was $35 a month and I paid $50 on that one as well. So I was expecting my credit score wouldn't be bad. Boy was I wrong... I check my credit score on the Discover site and I see a 626. So that's when I bought my membership on here last Friday and checked my report. Said my payment history was exceptional, as I expected since I would always pay over the minimum amount due like a week or two before the due date cause I would be paranoid that I'd miss a payment one day, it also said the util was bad, also expected that since I used the cards a lot..
i wake up saturday morning to pay my cc bills and I see I got an auto CLI for 1st financial from $250 to $1000. I was excited so I was like hey, my score can't be that bad, right? So I applied for about six cards, I know I messed up, and out of those six cards, I only got approved for two... Which were Capital One cards, a Student Journey and Quicksilver One with a $300 CL from each.
So come today, and I was reading lots of posts on here about credit karma so I decide to see what it's about. It said it was free so I was like "sure, why not.." So it was about ten minutes ago that I came across this one section in my credit report that says that my total accounts is very poor as I only have 3 cards, will go up to 5 when I receive and activate my two C1 cards. I see on the left of where it shows how many accounts I have, it says that very poor is 1-5 total is very poor; 6-10 is poor; 11-20 is good; and 21+ is excellent.
My question is.. How would I have more accounts if I keep getting denied? As I stated on my first post, I'll be paying off my cards in about two to three weeks so they'll all go down to 0% util. Well, several members said I should at least keep one at <9% so I'll keep my util at <9% total util. Will I have much higher chances of being approved for cards once my total util is at <9%?
i know I've asked dumb questions and made dumb mistakes, sorry 
@Anonymous wrote:so here's the deal, I'm new to credit. Started about six or seven months ago. As soon as I turned 18, I applied for two store cards and got declined. Dumb expecting to get approved but whatever. About two months pass by and I get a pre-approved offer in the mail from 1st a Financial Bank and decided, "hey, it's a start to my future with credit." So I apply and instantly get approved with a $250 CL. about a month later I apply for Wells Fargo and Discover and get approved for both. Wells Fargo for $600 and discover for $500. So I use the cards I've been approved for... Boy, what a mistake cause I got them all over 30% util. And eventually over 90% util. I always paid them all when the payment was due. One was for $15 every month and I paid $30 on that one, the other was for $25 a month, paid $50 on that one and the next was $35 a month and I paid $50 on that one as well. So I was expecting my credit score wouldn't be bad. Boy was I wrong... I check my credit score on the Discover site and I see a 626. So that's when I bought my membership on here last Friday and checked my report. Said my payment history was exceptional, as I expected since I would always pay over the minimum amount due like a week or two before the due date cause I would be paranoid that I'd miss a payment one day, it also said the util was bad, also expected that since I used the cards a lot..
i wake up saturday morning to pay my cc bills and I see I got an auto CLI for 1st financial from $250 to $1000. I was excited so I was like hey, my score can't be that bad, right? So I applied for about six cards, I know I messed up, and out of those six cards, I only got approved for two... Which were Capital One cards, a Student Journey and Quicksilver One with a $300 CL from each.
So come today, and I was reading lots of posts on here about credit karma so I decide to see what it's about. It said it was free so I was like "sure, why not.." So it was about ten minutes ago that I came across this one section in my credit report that says that my total accounts is very poor as I only have 3 cards, will go up to 5 when I receive and activate my two C1 cards. I see on the left of where it shows how many accounts I have, it says that very poor is 1-5 total is very poor; 6-10 is poor; 11-20 is good; and 21+ is excellent.
My question is.. How would I have more accounts if I keep getting denied? As I stated on my first post, I'll be paying off my cards in about two to three weeks so they'll all go down to 0% util. Well, several members said I should at least keep one at <9% so I'll keep my util at <9% total util. Will I have much higher chances of being approved for cards once my total util is at <9%?
i know I've asked dumb questions and made dumb mistakes, sorry
First, ignore everything CreditKarma says about the number of cards you need. They're just plain wrong and they do that because they are paid to promote credit cards. You need to stop applying for any more cards. It is hurting your credit score. Keep the cards you have now, use then and pay in full each month, and apply for anything for 6-12 months. You need to let your accounts age, the effect of all the inquiries diminish and demonstrate that you can use the cards responsibly. If you do these things your scores will grow and then you will be able to apply for better credit cards. Good luck.
