Got 2 offers in the mail, which should I choose?

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newbiecredit
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Got 2 offers in the mail, which should I choose?

Postby newbiecredit » Wed Oct 19, 2011 7:36 pm

Hi! i got 2 selected mail application from capital 1 and American Express green charge card. i just immigrated in January 2010 and just started out with a capital 1 secured credit card in January and in may i applied a secured credit card from my bank, Wells Fargo.

In august, i applied for a Walmart store credit card and got approved for a 1,000 limit. i applied for several cards after my capital one approval but got denials. so right now, getting 2 offers in the mail, I'm a lil confused. capital one offered me a rewards card while American Express selected me to apply for their green charge card.

I've been on time with my monthly payments, always paid in full amount. now I'm confused if i should add another credit card. i want an unsecured one. i called capital one and asked if my secured card can be upgraded but they said it will remain as secured forever. what should i do... go for the mail offers i got? should i go for amex? or capital one?


Money card
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Postby Money card » Sat Oct 22, 2011 10:13 pm

first of all I will assume you have a capital1 card secured credit card. they said you can't upgrade. not including walmart assuming you only have 1 card. I would get a different card , yeh try out the American express card.

DavidNY
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Postby DavidNY » Sat Oct 22, 2011 10:50 pm

I would say go for the cap one card which will be accepted at more places than Amex, check out the rewards and fees for both.

newbiecredit
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Postby newbiecredit » Sat Oct 22, 2011 10:54 pm

i have the capital one secured and a wells fargo secured... capital one wont upgrade me from a secured one to unsecured.. booo! they said a secured will always be secured forever.. arghhh!

with amex, im being offered the green one.. with me just having 10 months credit history and a score of 684 experian.. what is my chance of being approve?

capital one is offering me a new card hat has rewards... but i dont want another mastercard again.i dont wanna cancel my secured with them coz it will lower down my score if i close any account right?

im debating if i should accept the pre-selected mails.. i want one with rewards..

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Postby Money card » Sun Oct 23, 2011 8:26 pm

I agree with you DON'T cancel any cards it will lower your credit rating. I also agree with David capital1 is accepted in more places than American express. However that would be small merchants like bagel shops, pizza places you could run into any places that don't take American express.

Now when I first applied for an American express card around the late 80's I got turned down. I ended up getting a first fidelity visa. I then again tried applying for the gold card I got turned down. it wasn't until last October that I got the green card so with your 684 score, what do I think of your chances are. I'm going to call for you and ask.

I certainly understand you don't want 2 mastercards.

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Postby Money card » Sun Oct 23, 2011 9:12 pm

Just called they said you would have to actually apply. I did mention to them that you have a 684. the account mgr said you would have to fill out the application, that's the only way they can tell whether you qualify.

newbiecredit
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Postby newbiecredit » Sun Oct 23, 2011 9:44 pm

im scared to pull the trigger lol... coz its gonna lower my score if i dont get approve... do you know how much score will it go down if i apply and got turned down? ive been reading posts that there were people with limited history who were approved... but im still reading on more posts if i should go for it or not.. the invitation they offered me will expire a month from now. thats why im asking experts for advices.. to go? or not.. lol

newbiecredit
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Postby newbiecredit » Thu Oct 27, 2011 12:20 am

i pulled the trigger.. and got approved for the green! yes! finally i can stop thinking now.. haha

Ramzo
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Postby Ramzo » Thu Nov 03, 2011 10:43 pm

If you're this hesitant, you probably don't need an extra credit card. Skip both offers :)

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jumbo
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Postby jumbo » Sun Nov 06, 2011 3:03 am

newbiecredit wrote:i pulled the trigger.. and got approved for the green! yes! finally i can stop thinking now.. haha


by the way, what credit limit did you get approved for?, if you don't mind sharing
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