Unless you can cancel the app before approval the damage has already been done. You really have to decide before applying and not after.
It's not really the limit that matters. Revolving utilization matters which is balance(s)/limit(s). With a $300 limit it will be tricky to keep revolving utilization low but you can always pay down the balance on a card before its report date to lower reported revolving utilization. The generally suggested max for revolving utilization is 30% which works out to $90 for a limit of $300. Again, use what you need/want and just pay it down before it reports.
General advice is to have at least 2-3 cards for scoring purposes so you'll want to gradually add cards as your credit profile allows until you reach that mark so you might as well keep it IMO. You're probably only going to be able to add cards slowly with your credit profile. Try adding another 6 months down the road.
dimond_dj wrote:I'm just worried based on the reviews they might try to screw me over.
Negative reviews can be found for any company out there. I don't have experience with their secured cards but I've never had issues with FNBO.
dimond_dj wrote:I'm new here, found these forums by accident. I'm working on trying to rebuild my credit after a job loss and some unexpected medical bills.
You'll want to work on those if you want to make progress. Don't just wait for them to fall off. For medical items, Google whychat's HIPAA method and see if it would be of use.
Derogs tend to have a significant impact and hold one down as long as they are on reports so you want to work on removing all of them if possible. Definitely research carefully before taking action as it is possible in some cases to make matters worse if you're not careful. Make use of the various credit resources out there.
dimond_dj wrote:Tried applying for everything I could think of, even resorted to secured cards and kept getting denied.
That's probably not helping you. Again, with your credit profile the amount credit seeking activity supported is very little. If getting denied don't just keep apping. Such credit seeking activity is seen as a risk.