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??????
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.
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.
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. AnnMarie