Report 1 or 2 secured cc? in Obtaining Credit Cards, Auto Loans and Financing Posted April 8, 2009 What is your credit like now? When you open a new account, you may get a slight decrease in FICO because of the Average Age of Accounts, on the other hand if you have a lot of debt, it can drop your utilization percentage and cause an increase. The only sure things to increase credit scores is time, on time payments and low utilization <20%. I really don't like those 200- 500 cards- because in order to keep your utilization down, you have to barely use them. If you follow my advice about the CU, and keep doing the $100 deposit every paycheck ( assuming you get paid every two weeks) in 18 months you will have:1. $4400 in savings- (your initial $500 + $100 x 39 weeks) 2. An awesome tradeline (assuming you pay on time everytime & keep Util low)3. A great relationship with a credit union4. good habitsAnother thing- I think if all your report is showing junk cards 500 limits etc. you are more likely to get only more junk. Show your responsible with a higher limit card and your credit future should open wider.