I was looking at this Barclaycard MC Barclaycard Rewards MasterCard - Average Credit - Apply Online mostly because it says for average credit and I thought it might be something I could get approved for. I'm just not so sure what I think about them, but right now just trying to get several lines of credit reporting, not trying to impress anyone. At first I wasn't even going to look at it because of the points, but it has no AF and I don't plan on carrying a large balance, so the interest rate isn't an issue. In fact the only thing that got me to take a second look is because I think it's something I might be able to get approved for and at this point I'd jump for joy just to get a few hundred more in credit.
I seriously looked at another Cap1 card, but there's no guarantee I would get more than $500 and the AF for the Platinum card is $19. Not bad, I just don't like the idea they keep making you apply for a new card and pull all three reports each time.
While it totally sounds stupid, I seriously thought about going with a secured card. The problem is that a $300 limit wouldn't really be much help, so I would need to tie up maybe $2,000 of my own money for a year or so. I would think a company like First Progress would make me look worse than I look now -- I have a friend with a First Progress card, credit scores are near 700 and got denied an auto loan because of the First Progress card. He'll likely now have to wait 10 years for the dang thing to drop off his credit reports. I was warned about Wells Fargo, but I don't really need the card to unsecure, I just need a major card with $1,500 to $2,000 reporting to see if that boosts my other limits quicker.
Then it brings us back to Barclays, if I can get that and they give me at least $1,000 CL then I'm set for awhile and no need to put up any money. I just keep thinking there's something I'm missing here and haven't thought about. Don't really want to keep sitting on the Cap1 card and paying the AF.