mehow wrote:Would it help me to get the BoA-secured card as a additional(2nd) card to help build my credit? How about a walmart or some store card like some say? Should I just calm down and stick with this Capital One and go slow and steady for a half year/year and then try with Chase or Discover again later on?
General advice is at least 2-3 cards for scoring purposes. If you can manage to get that many it can help you with rebuilding but you want to be be careful with applying since you have a thin file and at least one derog. If your secured cards won't unsecure and/or you have no need for your other starter cards down the road once your credit has improved you can close them out after you're able to replace them with unsecured cards that you need/want.
See what you can do about getting that derog removed. You would have had more leverage before paying but you can still make a goodwill request for removal. In future you should do whatever it takes to avoid derogs but if you do get one aim for a pay-for-delete.
JamesMS wrote:Honestly, I am not surprises that Discover declined your application. Discover cards are usually reserved for those that have a good score and some history behind them.
From what I've seen they seem to be willing to extend credit to those with thin but clean files. A derog means that the file isn't clean.