Should I apply for a second secured credit card?

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3 posts
sweetone
 
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Joined: Thu May 31, 2012 5:39 pm
Location: USA

Should I apply for a second secured credit card?

Postby sweetone » Thu May 31, 2012 5:47 pm

I'm in the process of rebuilding my credit, almost everything is cleared up, paying off one last delinquency thats on my report.

I have had a Capital One secured credit card for about 7-9 months now. My score has been going up, 30 days ago Experian's score went up and the other 2 went down a little...not sure why on that. I applied for a Verizon Wireless phone about 4-6 months ago and got approved with a deposit, just applied last week and got approved with no deposit on the account.

Would I get approved for a non-secured Citi card or any other non-secured card?...What are the chances on that? I currently don't own a home, car is paid for. Or should I get a 2nd secured credit card before trying to get a normal one?

Currently I'm at:
Experian 632
TransUnion 616
Equifax 603


namvet
Centurion Member
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Location: Texas

Postby namvet » Fri Jun 01, 2012 11:21 am

IMO wait for a few more months and apply for an unsecured credit card. Bank or store card should help. If approved wait another 6 months and apply for another card. Check your credit score before each app. Your credit score should go up each year with 3 trade lines reported if properly managed.

Crashem
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Location: San Francisco, CA

Postby Crashem » Fri Jun 01, 2012 11:48 am

+1 namvet. Btw where are you getting these scores as I would guess they aren't fico scores and therefore could be highly inaccurate.
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