- Centurion Member
- Posts: 119
- Joined: Fri Sep 28, 2012 9:22 pm
- Location: Texas
OSBRanger wrote:Hi, this is my first post to the forum. I hope you all can help answer my questions.
I am new to credit. I am 21 and I have had a BoA credit card for 5 months. Today I was approved for an AMEX Blue Cash card.
Before I applied for this card my score according to CK was 734 and it dropped to 710 after inquiring about the Blue Cash card...
I am able to pay my balance in full each month and I spend no more than 30% of my limit.
What are some ways I can increase that score?
Does keeping my utilization under 30% help with increasing the score?
I am about to sign a new contract for my cell phone with my parents. I get them to put it under my name and pay the bill, will that help my score?
What other advice/tricks (if any) can I have to help?
FICO high achievers will keep utilization at or under 7%.
AMEX Green Card - NPSL [Member Since 1995]
AMEX Everyday Card ($25,000) 6/14 Backdated to 1995 - For 20% Extra Points Benefit
Chase Freedom Visa Signature ($17,000) - For 5% rotating categories
Citi ThankYou Preferred Visa Signature ($16,000) - 2% dining
Discover IT Humane Society Design ($16,500) - For 5% rotating categories
Firestone ($2,600) - For 0% financing
Home Depot ($10,000) - For 0% financing
JCPenney Credit Card ($7,000) - For special discounts
Sam's Club MasterCard - ($20,000) - 5% off gas at any fuel pump
Wells Fargo Personal Line of Credit - ($15,000)FICO's - 767 EX, 778 EQ, 790 TU [02/2015]