Credit cards for 650 credit score?

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Mike902
 
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Joined: Mon Sep 26, 2011 2:19 pm
Location: MA

Credit cards for 650 credit score?

Postby Mike902 » Mon Sep 26, 2011 2:36 pm

Hey all, I've been following this forum for a long time. I'm looking for a couple credit card recommendations that will help increase my 650 credit score.

Info:
All accounts in good standing
Fico Score is just over 650
5 years credit history
Capital One opened 5 years ago($500 CL)
AMEX Zync opened a year ago(Usually pay in full on due date)
Auto loan
- Started at $16k
- Opened 3 years ago
- Was paid off a couple days ago(Was totaled, not reported as paid off yet)
Recreational vehicle loan
- Started at $5k
- Opened 4 months ago
And Just recently I got another auto loan for my new vehicle which is roughly $20k

I've been considering applying for the AMEX Blue Cash Preferred to increase my CL, almost every place I go takes AMEX.


Money card
Centurion Member
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Location: New York state

Postby Money card » Mon Sep 26, 2011 8:42 pm

Do you travel on business? do you make purchases at costco or Neiman Marcus the store not the outlet?

Mike902
 
Posts: 2
Joined: Mon Sep 26, 2011 2:19 pm
Location: MA

Postby Mike902 » Mon Sep 26, 2011 8:44 pm

Money card wrote:Do you travel on business? do you make purchases at costco or Neiman Marcus the store not the outlet?


I don't travel enough to make use of a travel rewards card and don't shop at costco or Neiman Marcus.

Money card
Centurion Member
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Location: New York state

Postby Money card » Mon Sep 26, 2011 9:37 pm

I would suggest a Discover card 5% back on rotating categories come October it will be clothing stores, department stores and restaurants, up to 300 is the cap. Discover is accepted in a lot of places but not all.

another card, Bank of America must have some nice cards. there's a citi card I think it's called a citi thank you premier, I believe you get a concierge, copies of your end summary of all your charges, 1 companion ticket when you purchase 1. every year. the annual fee is 125.00. I would also say HSBC has some nice cards

the blue cash card sounds like a nice card too.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Thu Oct 06, 2011 1:33 am

For a 650 credit score there aren't many credit cards that you will be approved for. At least not good ones. Given your history I would think your score would be higher, especially if you were approved 12 months ago for an Amex.

What percentage of your available credit each month are you using on the Capital One? With a $500 limit, you should try and keep it below $100-125 at all times.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred



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