I hope everyone had great memorial weekend. I was declined an AMEX card a few times. My last inquiry was in Mar 2012. I was denied to high debt to credit ratio. Also 1 baddie. So looks like my baddie went off, due to the credit attorney online website I found. By the way they are pretty great. My score for experian was 535 when i was denied. Now its about 630 with EXP ans TRANS. Equifax 600.
Now I hear charge cards are good to start with. Can someone please give me some guidance on which to apply for? Or should I even apply? I really need a real CC. Not a bottom feeder card. SO CC Forum please give me some good advice. I'm 29 and I need atleast a gold card.
m20e3087 wrote:Charge cards are easy to get, however your score and history have to be in good standing, along with low credit card utilization. I think utilization have to be between 10% to 20%. However I have seen people with 45% get approved for gold. But the lower it is, the better it is. Start with zync, and build a good history with them. After 13 months you can apply for Gold. If you get denied for zync, wait 6 months and try to raise your score and try again.
MemberSince99 wrote:Even with your baddies gone, and if your utiliziation is better, with those scores, which honestly are only fair at best, you're just not going to get a Gold card in all likelihood. 600 to 630 is pushing it for a Zync. If you really feel you have to have a Gold, then you have some work ahead of you and I would not apply until your scores are getting close to the 700 range, a little less might do it if everything else is pristine, but more is better.
I might go for the Zync because it should be easier to get, and you can backdate a Gold later. But if you are dead set on Gold, don't waste the inquiries until you are getting close to 700 with low utiliziation (under 10% ideally) and no baddies.
Deighton wrote:Thanks. But back to reality, I just want to get my foot in the door you know. Maybe I should wait till next month and see how my credit will look. Thanks