Credit Card Forum
  1. #1
    Green Member
    Join Date
    Apr 2012
    Location
    QUEENS, NEW YORK
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    23

    Default Suggestions for my next move

    I need some help/opinions...
    looking to get my score higher...
    last summer I was at 593 and paid off all my debts
    I have been an authorized user on my moms card and have been using the Capital One (unsecured) and a secured credit union card properly since April 2012.
    I checked FICO in august I was at 625
    I had to remove myself from my moms card cause she passed away.
    checked FICO again end of sept. I dropped to 615
    Im bummed out...
    I dont know what my next move should be...
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  2. #2
    Centurion Member
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    Oct 2012
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    Texas
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    779

    Default

    Were they both your mom's cards and you were an authorized user on both, or is one of the cards yours? If the secured card happens to be in your name only, and you have paid all your debts, then just be patient. Keep paying on time, pay in full, and build a positive history with the credit union. I'd wait 6 months to a year and wait for the credit union secured card to become unsecured, and then ask for a credit limit increase. If they grant you the increase, wait a few months and apply for a card you want, or check your score at that point in time. Sorry about your mom...
    Amex Platinum
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  3. #3
    Centurion Member
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    Jun 2011
    Location
    New York state
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    First of all I'm very sorry to hear about your mom. you metioned that you have a capital1 card correct?
    have you thought about a lower level card like key bank, TD Bank, citizens bank or even a M&T bank credit card
    I would have to imagiane that in queens New York you must have some local banks, how about the bank that you have a checking account with do they have credit cards?

    this is what I would do I would apply for 1 of the lower level cards so then you would have 2 cards use them pay your bill in full.
    then I would apply for a Discover card and an American express card 6 months later if you get the 2 prime cards
    you would then have a secured credit union
    a lower level card
    Discover
    American Express just use your cards pay your bill in full and as time goes by your score will go up.
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  4. Green Member
    Join Date
    Apr 2012
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    QUEENS, NEW YORK
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    @money card
    Thanks for the advice... Will do and let you know how it turns out... It would be nice to have an AMEX card
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  5. #5
    Centurion Member
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    Jun 2011
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    Down South
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    I recommend a secured credit card and a secured loan from a local credit union. You will see your score rise.
    Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
    Plane tickets: CSP
    Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
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    Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
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  6. #6
    Green Member
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    Apr 2012
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    QUEENS, NEW YORK
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    Default

    hey guys...

    what i have now is:

    Cap 1 unsecured with a 750 limit
    and a credit union secured card with a 300 limit.
    as of today my fico is 634.

    i keep a balance on the cap 1 only cause there is a no interest period. no balance on the other card.

    @FutureBillionaire - i was thinking of a secured loan from the credit union for a couple g's. only reason would be to show i can pay back larger amounts. but i wasnt sure if that would be a good move...
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  7. #7
    Centurion Member
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    If you apply for Amex with a low(er) credit score, you should look for a charge card, like the regular green card, rather than, say, a gold SkyMiles card. For whatever reason I understand the charge cards are easier to get than the credit cards. Just be aware that with their charge cards you pay the balance in full every month. You might be able to get the green card with a 634 score, but if it were me, I'd wait six months before I applied. And don't apply for anything else in the interim.
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