New Credit

Discussion in 'Credit Talk' started by jean1221, May 2, 2001.

  1. jean1221

    jean1221 Well-Known Member

    I applied for a Capital One about a month ago and was approved for a 200.00 Unsecured limit. When and how should apply for another card. I know I am new to credit, this is my first card. How long should i wait to apply for another and what should be my next card??????
  2. steve

    steve Well-Known Member

    I think you should wait for at least 6 months before applying for a new card (6 months after you got the Cap1 card) so that you will show that you have a good payment history. For people who are just starting out I would recommend getting a Discover card (regular or Platinum) and an MBNA Platinum Plus card. Both of these companies provide good customer service and are not that hard to get for people with a good 6 month history.

    Hope this helps.
  3. Sorin

    Sorin Well-Known Member

    Wait 3-4 billing cycles and then try a Providian. That is if they don't send you an offer until then. Then wait again 3-4 billing cycles and try for a Discover.
  4. AnnMarie

    AnnMarie Well-Known Member

    You said this is your first credit card but do you have previous credit? Is it good? bad?
    How you answer will really decide where you go from here.

  5. jean1221

    jean1221 Well-Known Member

    This is my first card no prior credit at all.

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