This topic contains 3 replies, has 2 voices, and was last updated by 
fontanaman 7 years, 10 months ago.
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So I have been connected with a realtor who tells you what to do to get your score where it needs to be to buy a house. He said to do 2 secured cards. I already ahbe an unsecured capital one card, but their secured card is requesting I put the whole $200 down even though I have never been late on my unsecured card payments. Think I’ll go with boa and Citibank.
My question is, did anyone open 2 secured cards and how has your score improved?
Thanks
Hello Misskay and welcome to the newdirt forums.
Just curious, why would you want a secured card with Capital One if you already have an unsecured card with them? A secured card is usually for people who don’t qualify for an unsecured card either because they have bad credit (like me) or don’t have enough credit history. If you already have an unsecured card and have never been late on your payments, then your credit is probably not that bad. Have you checked your credit reports and do you know what scores you have? If so, do you have any delinquencies or have applied for bankruptcy in the past? I’m thinking maybe you have a chance of getting a second unsecured card. Has Capital One given you any credit line increases?
To answer your question, I currently have two secured credit cards, one with Capital One and the other with BoA. I found that opening the second card helped my score a lot, specially because of the higher credit limit I got . If you are looking for a secured card (considering that you already have a Capital One card), I would definitely go with a different bank. Bank of America, Citibank, and Orchard are I think good options, specially because you can get your deposit back after a number of months. Capital One keeps your money until you close your account, which to me, doesn’t make sense.
Hope this helps.
Capital one gave me an unsecured card after I had been paying on my high interest car note on time for a year. I still cannot get approved for unsecured cards. I just ran my credit yesterday with the realtor. He gives you the tips to improve your score, then you buy a house from him. No fees. I also traded in my car and it took my score down 60 points because this car is more expensive. I didn’t know that would happen. So now I’m trying to gain 40points by November so I can buy my home. I did orchard and usaa. Usaa has a secured American express that I think will be good.
Thanks for the reply
Good luck with that MIsskay. I am working on my credit so in the near future I can buy a house as well…just got to be patient. Make sure to come back and let us know what card you applied for and how everything went.
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