24 Looking to build Credit... What are some good tips on your first Credit Card

Those pre approvals you get in the mail for CCs count as inquiries? Checked my credit report and it shows some for discover on different years. Also checked credit karma for my score which is 744. What kind of apr am i looking at for an auto loan and how much?
 
Last edited:
FreshPairs said:
Those pre approvals you get in the mail for CCs count as inquiries? Checked my credit report and it shows some for discover on different years. Also checked credit karma for my score which is 744. What kind of apr am i looking at for an auto loan and how much?
Click to expand...

From what i know, the pre approval will not be an inquiry but if you accept, they will still do a hit to make sure everything is fine before actually giving you the card.

It's what i've heard.
 
My credit karma score was like 30 points off. True FICO is 750 Ck had me at 721. Trying to hit that 800 mark but I know it dropped bc of a hard pull recently for another credit card :smh:
 
gamble said:
My credit karma score was like 30 points off. True FICO is 750 Ck had me at 721. Trying to hit that 800 mark but I know it dropped bc of a hard pull recently for another credit card :smh:
Click to expand...
How do i find my true fico? ACR website directed me to CK so i did it there
 
FreshPairs said:
Those pre approvals you get in the mail for CCs count as inquiries? Checked my credit report and it shows some for discover on different years. Also checked credit karma for my score which is 744. What kind of apr am i looking at for an auto loan and how much?
Click to expand...


as long as you get 750 who gives a crap right???

I'm being realistic for my goal
 
Credit check total is cheap and you get your 3 bureau scores and reports. 7-day trial is $1. When you call to cancel they will offer you the 12-month membership for $15 a month (instead of the normal $30) if you want to keep up with your scores for a year. I just did the 7-day trial and cancelled it
 
Based Mod said:
You guys pay for scores?
Click to expand...

I've only paid the $1 trial for credit check total but when I need to get a mortgage I will definitely pay for my 3-bureau mortgage scores. I get TU Fico score from discover it so I kinda guestimate what the rest of my scores should be from that. Even though my TU score is my highest score



FreshPairs said:
Im surprised with my score actually. Only have 1 CC with a $1200 limit i got in 2007 :lol:
Click to expand...

Limits don't have to be high unless you're carrying high balances on your card(s). If you've been making on time payments for those 9 years you've had the card your payment history and age of accounts probably boosted your score up
 
Based Mod said:
You guys pay for scores?
Click to expand...

Only myfico.com if I am about to buy a car, lease or mortgage or I have been doing big repairs to my credit.

When I did it it was like $19.99 on myfico for all three scores and up to date notifications on lowering and increase in score. Idk how much they charge now.
 
^^ that's just your report it doesn't include a score. Just a breakdown of everything listed on your account. You have to pay for the score if you want it from a bureau
 
Last edited:
I think I goofed. Only been building credit for about 6 months. My score skyrocketed, I don't carry balances pay on time in full & stay lower than 10%. Applied & got approved for a new card recently thinking in the long term it would help my average age of credit. Everything I'm reading now though talks about credit diversity & I'm wondering if a 2nd card will really help my score like I thought it would. May close the newest card & just take the hard pull hit that I acquired.
 
Last edited:
gamble said:
I think I goofed. Only been building credit for about 6 months. My score skyrocketed, I don't carry balances pay on time in full & stay lower than 10%. Applied & got approved for a new card recently thinking in the long term it would help my average age of credit. Everything I'm reading now though talks about credit diversity & I'm wondering if a 2nd card will really help my score like I thought it would. May close the newest card & just take the hard pull hit that I acquired.
Click to expand...

I mean I don't think there's any reason to close the card unless there's an annual fee. You've already done the damage (probably not even that bad maybe like 10-15 points if you've only been building for 6 months) of shortening your average age of accounts and the hard pull. Your score will bounce back after a couple months. If you close the card it won't reverse anything. Just make sure you really need a card the next time you apply
 
gamble said:
I think I goofed. Only been building credit for about 6 months. My score skyrocketed, I don't carry balances pay on time in full & stay lower than 10%. Applied & got approved for a new card recently thinking in the long term it would help my average age of credit. Everything I'm reading now though talks about credit diversity & I'm wondering if a 2nd card will really help my score like I thought it would. May close the newest card & just take the hard pull hit that I acquired.
Click to expand...

You
Didn't do anything wrong, don't use the card

Simple as that
 
If you don't have a card with FICO only way to get FICO scores is to pay for them.

Wait why would you close the card?
 
Last edited:
You must log in or register to reply here.

Similar threads

feeninlikejodeci
Went Off On Some Kids in the Wal-Mart Parking Lot.
2 3
Replies
59
Views
6K
DCAllAfrican
DCAllAfrican

Thread Gallery

View Full Gallery

The ultimate sneaker enthusiast community.

NikeTalk was created as a way of giving back to both the sneaker enthusiast community and to the greater global community of which we are all a part.

NikeTalk is NOT affiliated with Nike Inc. in any way, shape, or form. All opinions expressed herein do not necessarily reflect those of Nike, Inc.

© 1999-2024 NikeTalk.com

Share this page

Back
Top Bottom