RyanMac wrote:Be mindful too of the fact that if you do get an unsecured card it is in your best interest to keep it open for as long as you can, preferably for life, as it will boost your age of accounts. That being said look for something with no annual rate.
It's only in your best interest to keep it open if the card is useful. Why keep a card which costs you money and/or has no rewards or benefits? Even after you close a card, it will still be on your credit report for 10 years after last activity (as long as you've never paid late).
Best thing OP can do is: try one of several routes: (1) local credit union (2) store card (3) secured card/Cap One. Get one card from one of those three places (credit union if you can, secured card is next best choice). After six months of good usage(always pay on time, keep utilization low), try for Discover IT, Barclaycard(Rewards or Sallie Mae), or Chase Freedom. Don't app for six months after that and then try for an Amex charge card or one of the easier-to-get revolvers. Once you get the Amex card... that's your ticket to average age of account via backdating. Don't keep cards which cost you money or which have no use in your arsenal of cards!
In my Wallet:
Sometimes in my Wallet:
- Amex PRG NPSL[3-14, bd 91]
- Sallie Mae MC $8000[1-14]
- Chase Freedom $4700[1-14]
- Discover It $2750[8-13]
- BoA UCF Alumni Cash Rewards $5000 [3-15]
- GM BuyPower WEMC $5000[9-14]
- Wells Fargo Propel 365 Amex $7000[4-14]
- Barclaycard Arrival WEMC $7000[3-14]
- BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450