- Centurion Member
- Posts: 125
- Joined: Wed Dec 05, 2012 12:47 pm
- Location: Iowa
Adding to a deposit doesn't seem to help the score much, but it does help in other areas. The biggest help is when you apply for another card and the second lender sees the limit you already have, sometimes they try to match it, so if you have $1,000 now, that might be what you get from the second lender. From what I've heard, Discover is good about this and I would think you would have a decent shot with your score. If you are on the conservative side, both Barclay and Capital One have cards for average credit, but I think you should be able to go for something much better. You might take a look at a couple of things, I know both Bank of America (BofA) and Cap1 have a pre-approval thing on their website that is fairly accurate about letting you know what you might qualify for without a hard pull, you should check those out before applying. Somebody help me out here, whogavemecredit.com is something else you might wish to check out.
Myself, with that score, if you don't need the high limit and just want to build credit, I'd be looking at getting 2 decent cards you want to keep for awhile and retire the secured card.