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Thread: 631 fico score, Should i apply for another Credit Card?

  1. #1
    cg21 is offline Member
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    631 fico score, Should i apply for another Credit Card?

    I cleaned up my credit a abit since may of this year, Have gotta 2 cards wit only $300 limit about 4 months ago . but my score raised about 100 pts since then. Should i try for another card now? If so, which would b best?

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  3. #2
    cathyG is offline Member
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    Re: 631 fico score, Should i apply for another Credit Card?

    have you tried asking for a credit limit increase from your existing cards?

    good job raising your credit score 100 points!
    Logan Abbott likes this.

  4. #3
    cg21 is offline Member
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    Re: 631 fico score, Should i apply for another Credit Card?

    yea, i got a letter sayin i have to wait 13months for an increase. thats FIRST PREMIER... total Bs, but its helped my credit so i cant b mad too much. Haven't tried the other which is ORCHARD BANK, doesnt anyone know how they go about credit increase

  5. #4
    cathyG is offline Member
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    Re: 631 fico score, Should i apply for another Credit Card?

    your score is still considered bad to poor, so your options are limited. what i have heard about orchard bank has been typical of what you hear about most subprime cards. basically you'll have a low credit limit and maybe an increase of $100 or $200 after a year BUT it can help your credit just like your first premier card has done. so you could apply for an orchard bank card, pay the fees, have a low limit, but chalk it all up to what you need to do to raise your credit score.

    what about a secured card? if you have the money for a security deposit, that's another option you can consider. if not, give orchard bank a try and be patient, your score will keep rising.

  6. #5
    JayRizzo is offline Newbie
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    Re: 631 fico score, Should i apply for another Credit Card?

    Go to FinanceGlobe . com and plug in your score and see which cards are more likely to be approved in your range. Try selecting + or - 10 points around your score. Read the reviews of others and see their scores to get an idea of the approval rate. Some card holders even give you phone numbers and additional advice on getting a "denial" reconsidered and approved.

  7. #6
    cg21 is offline Member
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    Re: 631 fico score, Should i apply for another Credit Card?

    Ok but 631 is my Transunion score but my Equifax is 571... Still confused how this happened but i went to the site u recommended and it said to add one score. should i just put 631 since its the highest? no clue what my experian fico is. But when credit cards pull ur reports do they usually base it off the Higher score? or do they add up all 3 scores and get the average? cuz if they base it off the Equifax 571 alone, i doubt ill get a Credit card.

  8. #7
    cathyG is offline Member
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    Re: 631 fico score, Should i apply for another Credit Card?

    they won't take the average of your three scores. they will use only one and which one they use depends on the credit card company. whether they use the lower or higher of your two scores, you're still probably only going to qualify for a "bad credit" card. so if you're going to apply for a card, support creditnet and apply through this sight! there are links at the bottom of this page or on the right side.

  9. #8
    NJTXGirl82 is offline Junior Member
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    Re: 631 fico score, Should i apply for another Credit Card?

    Quote Originally Posted by cg21 View Post
    I cleaned up my credit a abit since may of this year, Have gotta 2 cards wit only $300 limit about 4 months ago . but my score raised about 100 pts since then. Should i try for another card now? If so, which would b best?
    I wouldn't do it - too many small cards all over the place can lead to a very sticky mess - you shouldn't risk it. Just stay steady with what you have and try to get those limits raised once a year.

  10. #9
    JMason is offline Junior Member
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    Re: 631 fico score, Should i apply for another Credit Card?

    Don't get any additional cards, just make sure your balances on the cards you do have are at 30% or less of the limit at all times. By paying them on time every month and keeping the balances at 30%, in 6 months your scores will go through the roof. But make sure you do these 2 things consistently for 6 months. Good Luck , let me know your results.

  11. #10
    Karma is offline Junior Member
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    Re: 631 fico score, Should i apply for another Credit Card?

    3trade lines are good try for another card than stop.

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