Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!


Posted in Credit Cards
Profile Image

Question By

19 Contributions
6 People Helped
Getting better credit cards
I have been working on my credit since October 2015. I have had several incorrect items removed/corrected and I have paid off a lot of bad debt (small medical bills mostly). I only recently got into credit cards as a way to boost my score and it has worked. The cards / limits I have are:

Capital 1 Platinum $1500 limit
Capital 1 QuickSilver $2000 limit
Wal-Mart Store Card $800 limit
Texaco/Chevron Gas card $400 limit
Barclays Rewards Card $500 limit
Amazon Store Card $1500 limit

All have a $0 balance. The Capital One platinum is my oldest at 5yrs old. The others are less than 3 months old. My question is this, eventually I want an AMEX, Discover IT Card, Chase Freedom, and a Citibank Double cash back card. I cannot get them now (Yes, I applied and kept the denial letters) because I have an old loan that is in CO and due to drop off in 2017. I also have 10-14 hard inquiries from the above cards and my age of credit dropped to FAIR right now. Basically, it’s a waiting game. 2 years for sure and I am okay with that.

Question time at last. Do I need to get rid of the other cards before I can get the ones I want? Or will keeping them at a 0 balance be good enough? I have 35 accounts in good standing already and I know if these less desirable cards have a 0 balance and only age, that can be a good thing. But, I don’t want the new card limits to be reduced because I have these high interest cards already.

My goal is not to have a ton of cards, my goal is to have a few low interest cash back rewards cards (I don't travel) I can user periodically to pay my normal bills and payoff when the bills come due to maintain my credit. Eventually I do plan on closing the other ones but I will do it in a manner that will have minimal impact on my score with an ultimate goal of having good-excellent credit by the time it is time to trade in my truck and refinance my house or move into a new one.

My scores:
Equifax – 622
Experian – 641
TransUnion – 659

When I started working on my credit in October 2015 I was in the mid 500’s. Advice?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.


Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.