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when can I apply again for credit card?

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Anonymous
Not applicable

when can I apply again for credit card?

Its been 7 months since I received my secured Capitol One credit card and my credit is slowly rising.  When should I apply for another card to bring my score up even more? I have no other credit cards.

Message 1 of 9
8 REPLIES 8
Anonymous
Not applicable

Re: when can I apply again for credit card?

What's your score right now? Vantage or Fico
Message 2 of 9
Anonymous
Not applicable

Re: when can I apply again for credit card?

My Fico Scores 

EQUIFAX 635     

TU 604

EXPERIAN 648

 

Message 3 of 9
Anonymous
Not applicable

Re: when can I apply again for credit card?

I'd go secured if I were you or NFCU.
Message 4 of 9
Anonymous
Not applicable

Re: when can I apply again for credit card?

Thank you Matt

Message 5 of 9
Revelate
Moderator Emeritus

Re: when can I apply again for credit card?

If it were me I'd wait out the rest of the year and then see if I could get into some entry unsecured cards like a Discover or one of the Cap 1 Quicksilver versions.

 

You can go right now but the additional age and the discounting of the inquiry (which I know is there) might be beneficial scorewise, somewhat different question than if you'd asked this 7 months ago when I would've suggested go get 2 more accounts right now.... which I guess you could do currently, just might slow down your acquisition of better tier cards.  Maybe, credit market is still very loose at this point, I'd probably go check some soft inquiry based pre-approvals right now actually like the aforementioned Discover / C1: maybe one of them sees something they like in your report and you do have 6 months on the other tradeline.




        
Message 6 of 9
StartingOver10
Moderator Emerita

Re: when can I apply again for credit card?

OP is going for a mortgage next year and needs to pick up 2 cc's now to have them aged appropriately before the mortgage app. Smiley Happy

 

Message 7 of 9
Revelate
Moderator Emeritus

Re: when can I apply again for credit card?


@StartingOver10 wrote:

OP is going for a mortgage next year and needs to pick up 2 cc's now to have them aged appropriately before the mortgage app. Smiley Happy

 


Oh yeah, pick up 2 now Smiley Happy




        
Message 8 of 9
SoCalPrincess
Member

Re: when can I apply again for credit card?


@Anonymous wrote:

My Fico Scores 

EQUIFAX 635     

TU 604

EXPERIAN 648

 


My scores were similar to yours, maybe even closer to lower 600s, about 3 months after I got a secured CC.  I went for the Barclay's NFL card and got approved immediately for $900, and then they raised it to $1400 after 6 months.  I've had it for 4 years and they raised it to $4400 about 2 years ago.  That's a good one and I've heard the approval ratings are pretty high.

CURRENT FICO-8 - EQ 716 / TU 732 / EX 735

CURRENT FICO-9 - EQ 743 / TU 744 / EX 740

GOAL - EQ 760 / TU 760 / EX 760

FAKOS - EQ 774 / TU 770 / EX 764
Message 9 of 9
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