When to Apply to a New Credit Card

Started by Manuel M.
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Manuel M.

I have two secured credit cards with a total of $500 credit limit between the two. My credit has gone up but it would go up higher if I had a higher credit limit. When should I apply for another credit card or ask for a credit line increase. Any suggestions?

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Malik M.

Agreed, ask for credit line increase first. If no increase, find out how long you would have to wait to receive an increase and then try asking again at that time. Then if that doesn't work, maybe consider applying for another card.

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Diana O.

What should my score be to actually qualify. They say im preapproved then deny mw every time.

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Darath L.

Don’t accumulate too much debt before you apply for your next card.

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Rochelle T.

How many open credit card accounts look the best on my credit report? I just got approved for my 1st credit card thru capital one. It has a 500$ limit. Sld I stick with 1 card and charing like 50$ a month and pay it off on the due date monthly, till I am able to get a credit increase? If I did apply for another card what are the possibilities of getting accepted/denied due to the fact I just recently got a new card? And 1 last question.. how wld my credit b effected if I was denied/approved for a 2nd card?

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Shannon S.

Credit cards are such a risky thing sometimes.

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Amanda G.

If you're good at paying things off I actually love this credit card. Its free and if you use my link you get $100 for signing up - https://refer.discover.com/s/aagreenspan6
But every quarte they have a different reason to get 5% back one quarter is gas another target another restaurants. I literally cannot think of a better card. The line of credit is only $2000 but I'm happy with it.

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