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Is my credit score too good to be true?

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Established Contributor

Re: Is my credit score too good to be true?


@studentDr-kitkat wrote:

Thanks. I've had a savings account at a local credit union in my hometown (large midwest city) since I was a kid, and I recently opened a CD with them. Should I look into getting my first credit card through them, or just hold that off until later? They don't have a branch in the town I'm currently living in, but as long as I don't physically have to go into the branch that often, it shouldn't be a problem.


Try the 'Discover it' student card. Link here.

 

I've read so many good things about that card from undergrads just starting out. They give great credit limit increases after 6 months and are quick to 'graduate' to a regular Discover cash back card.

 

I can't see how you would be denied for one of those Discover cards. Definitely stay away from Capital One - I never read good things about them from students and most regret ever having started with them. No one regrets starting with Discover.

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

Testing aggregate utilization greater than 8.99% but less than 9.00%. It's treated the same as 9.00%.

Message 11 of 14
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Moderator Emeritus

Re: Is my credit score too good to be true?


@Birdman7 wrote:
It wouldn’t have to be done early, you can be added as a joint account anytime (depending on lender) and it still goes from the date of opening. I’ve done it with several.

Out of curiosity which lenders?

 

The ones I know of from anecdotal reports it's a new underwriting scenario and a new tradeline unless that has loosened up a lot in the past few years that I haven't been following as closely.

 

 




        
Message 12 of 14
Highlighted
Moderator Emeritus

Re: Is my credit score too good to be true?


@studentDr-kitkat wrote:

Thanks. I've had a savings account at a local credit union in my hometown (large midwest city) since I was a kid, and I recently opened a CD with them. Should I look into getting my first credit card through them, or just hold that off until later? They don't have a branch in the town I'm currently living in, but as long as I don't physically have to go into the branch that often, it shouldn't be a problem.


Any CU that you already have a relationship with is worth a shot TBH... really the big question is if they have an online portal (most CU's do these days but probably not all); I still keep one CU around that I opened up in 2000, getting close to 20 years and I haven't been into a branch in the last 18.

 

Trying to build a solid credit profile though you'll want more than 1 but CU's definitely count and keep building that relationship.




        
Message 13 of 14
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Senior Contributor

Re: Is my credit score too good to be true?

@Rev US Bank, BBT, and Citibank (DSNB) are 3 that work for sure. I can’t speak of others. No it’s not a new TL, you’re simply being added with responsibility, appears as if you’ve been responsible from the date of opening. As a matter of fact you can’t tell the difference by looking at the CR. Now, it does require an HP and it does go through underwriting.

@studentDr-kitkat Absolutely go get that card from that credit union and don’t waste any time doing it. Then go get that Discover and pick one more, American Express is a great option as well as Citibank.










(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated DEC'19.

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? (clean/dirty), Number of accounts open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AoYR-Age of Youngest Revolver (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new accounts, with open loan on record.
If you don't know where you fall, just list whether you have any baddies, your number of open and closed accounts, AoOA, AoYR and whether you have a loan on record.
For utilization questions, list individual and aggregate utilizations, revolving and installment. please.
Message 14 of 14
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