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
Zreik075

0 Contributions
0 People Helped
When is it time to apply for a second credit card?
My credit score is a 683. I have a cap one journey card with a limit of $1,000. When is it time to apply for a second card?

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
11 Contributions
17 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

My exact Experian score when I applied for additional cards (this month), after 2 1/2 years excellent standing with the first card. In order to graduate to higher scores and get better rewards cards I understand it is necessary to start proving yourself with additional cards and lowering your utilization rate by having a higher total available credit amount. I was afraid of rejection, but I had 2 instant approvals and one 7-10 day wait (still don't know the result on that one).

Top Contributor
3051 Contributions
2789 People Helped

Now.  You have a pretty good score.  Once you get a new card your score will drop a bit, but as you make payments it will increase above 683.  Always keep a balance of 1-3% of your credit limit on your card(s) and your score will soar!  Best of luck!

Results 1-2 of 2Results 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.