- Centurion Member
- Posts: 538
- Joined: Fri Mar 09, 2012 9:29 am
- Location: San Francisco, CA
If you are getting rejected for secured cards, you don't need to worry about anything else but getting 2-3 revolving trade lines. Don't worry about long term or anything else. When you start getting unsecured and decent cards, you can cancel these cards. Cancelled cards remain on your credit report for 10 years and count for many fico related score calculations. Talk to local credit unions and don't apply until you have info that they will approve your secured app. Most of the we will accept anyone secured cards have pretty expensive fees. Kind of the price to pay for past credit mistakes. First progress seems to be on the lower end of fees. Others are first premier, credit one bank, etc.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k