Credit Cards That Report to Credit Agencies
Author: kgsd
Posted: Fri Mar 30, 2007 8:04 pm
Post subject: Card recommendation and credit report question
Hi! I'm new here. I am in the process of tying up loose ends on my credit report.
I have a Discover card and a Citibank MC, neither of which I carry a balance on. But
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the MC isn’t reported to the credit bureaus. I want to open up another card to maximize the “available credit” as shown on my credit report.
First, can anyone recommend a card that DOES report to the credit reporting agencies? Unfortunately most of the credit card search engines don’t include information about that. I know it’s a minor thing, but a) this is the whole reason I’m opening another card, and b) I don’t want to give any more business to cards that don’t report limits. I’d like it to have a reasonably low APR in case I do need to carry a balance in case of an emergency. I have good credit.
Second, what’s the rule of thumb for how many new accounts you can open in a certain period of time before it starts affecting your credit score? I opened the Discover card fairly recently and I’m wondering if I should wait a few months to get a new card (to maximize my score and therefore get me the best deal on a card), especially since I don’t need it any time soon.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Brammy
Posted: Fri Mar 30, 2007 8:12 pm
Post subject:
One of our more revered posters has the saying, get credit while you can get it not when you need it and can't get it. If your credit file is fairly young, you don't have to worry about the average age too much at this point. You start running into trouvble when you have years under your belt. One card open for ten years open one more and your average age drops to five years. 10 card opened ten years open one more, not much of a hit at all.
Author: kgsd
Posted: Fri Mar 30, 2007 9:58 pm
Post subject:
Thanks for the reply. I'm not sure I understand it, though.
My oldest account is about 11 years old. I'm not too concerned with the total number of accounts I have open, just the number of new accounts. In the past I've seen "too many accounts opened recently" as a negative on a credit report.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: angelo21
Posted: Sat Mar 31, 2007 10:12 am
Post subject:
Look for Chase, Amex, Citi or BoA for cards that report. If you go the Amex route, shy away from Green (charge card). If you’re looking to create history and reporting available credit lines, stay away from Cap 1.
Author: Bluemeanie
Posted: Mon Apr 02, 2007 5:57 am
Post subject:
HSBC(Orchard, Household, GM, Union Plus,HSBC) reports to the credit beureau monthly
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Fri Mar 30, 2007 8:04 pm
Post subject: Card recommendation and credit report question
Hi! I'm new here. I am in the process of tying up loose ends on my credit report.
I have a Discover card and a Citibank MC, neither of which I carry a balance on. But
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
the MC isn’t reported to the credit bureaus. I want to open up another card to maximize the “available credit” as shown on my credit report.
First, can anyone recommend a card that DOES report to the credit reporting agencies? Unfortunately most of the credit card search engines don’t include information about that. I know it’s a minor thing, but a) this is the whole reason I’m opening another card, and b) I don’t want to give any more business to cards that don’t report limits. I’d like it to have a reasonably low APR in case I do need to carry a balance in case of an emergency. I have good credit.
Second, what’s the rule of thumb for how many new accounts you can open in a certain period of time before it starts affecting your credit score? I opened the Discover card fairly recently and I’m wondering if I should wait a few months to get a new card (to maximize my score and therefore get me the best deal on a card), especially since I don’t need it any time soon.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Brammy
Posted: Fri Mar 30, 2007 8:12 pm
Post subject:
One of our more revered posters has the saying, get credit while you can get it not when you need it and can't get it. If your credit file is fairly young, you don't have to worry about the average age too much at this point. You start running into trouvble when you have years under your belt. One card open for ten years open one more and your average age drops to five years. 10 card opened ten years open one more, not much of a hit at all.
Author: kgsd
Posted: Fri Mar 30, 2007 9:58 pm
Post subject:
Thanks for the reply. I'm not sure I understand it, though.
My oldest account is about 11 years old. I'm not too concerned with the total number of accounts I have open, just the number of new accounts. In the past I've seen "too many accounts opened recently" as a negative on a credit report.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: angelo21
Posted: Sat Mar 31, 2007 10:12 am
Post subject:
Look for Chase, Amex, Citi or BoA for cards that report. If you go the Amex route, shy away from Green (charge card). If you’re looking to create history and reporting available credit lines, stay away from Cap 1.
Author: Bluemeanie
Posted: Mon Apr 02, 2007 5:57 am
Post subject:
HSBC(Orchard, Household, GM, Union Plus,HSBC) reports to the credit beureau monthly
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Labels: Credit Cards That Report Monthly to Credit Bureau, Credit Cards To Help Create a Credit History
posted by CardRatings.com at 9:50 PM
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