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!

Question

Posted in Credit Cards
Profile Image

Question By
deepbluenugget

1 Contribution
0 People Helped
I need a credit card
I had a 706 and after applying for 3 cards and being denied it has gone to a 669. I need a card but I don't want to damage my score anymore. Credit Karma is recommending Capitol One saying I have "very good approval odds" but I have already been denied by them, maybe not for the same card but I don't know if that matters. How do I get a credit card?

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
61 Contributions
36 People Helped

Re: Need credit card

What is the reason for denial?  Do you have a short credit history?

Credit Karma only looks at your score to determine approval odds, but lenders look at more than a score. 

If you have too little credit history, you should apply for a secured credit card. This is guaranteed approval because you have to secure the card with money in a savings account. For example, you put $500 into a savings account and the bank gives you a $500 credit card. It gets reported to the credit bureau as a regular credit card and after a few months of paying on time you can apply for an unsecured card. 

Reply by
deepbluenugget

1 Contribution
0 People Helped

CK says my history is for 8yrs. 5mths., I don't remember off the top of my head what the reasons for denial are, but after posting my question I applied fo ra Capitol One card that has a $39 annual fee adn was approved. I don't know what the limit is yet but I think it was like 24% variable. I just thought with a score like 669 I could have done better but this is a start I guess. Thanks for the input.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

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

View your scores and reports anytime.

SIGN UP NOW

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.