DR. JULIANO Posted March 17, 2004 Report Share Posted March 17, 2004 i have two secured credit cards now 1. bank of america $300 CL2. national city $250 CL, my question is, would it be wise to apply for another secured card or too just to bring my score up? and what should i do with the one's i have already to maintain a good score, max the cards and pay back a small amount? any advice will help thanks Link to comment Share on other sites More sharing options...
DHK Posted March 17, 2004 Report Share Posted March 17, 2004 You already have 2 good trade lines. I would use your security collateral to increase the limits on your existing cards. Your current limits are rather small, so increasing these limits should help your score more than more inquiries and trade lines. Link to comment Share on other sites More sharing options...
paw67 Posted March 17, 2004 Report Share Posted March 17, 2004 Agree with Dave. Also getting a new cc will also affect the average age of accounts which could have a negative on your score. Work on building the 2 cards that you have. B of A and National City are 2 excellent tl's to be working with.paw67 Link to comment Share on other sites More sharing options...
DR. JULIANO Posted March 18, 2004 Author Report Share Posted March 18, 2004 THANK YOU BOTH !!! Link to comment Share on other sites More sharing options...
c m chase Posted March 18, 2004 Report Share Posted March 18, 2004 And keep those existing balances LOW! That will help your score, as well. Keep them at about 15% - 20% and that should work out pretty good for your score. If you go too far below that, you'll drop a few points too. At least stay below 30%. Link to comment Share on other sites More sharing options...
Recommended Posts