Thread: Need help finding a new credit card

Now right now, I have no baddies. No BK's, no CA's and no public records.

I had a wamu secured card for 8 months and an installment account for about 5 months. No late Payments. Right now, I am having trouble picking out a replacement card for the wamu secured.

With my credit history, what do you guys think I would qualify for? Would it help if I bought my FICO scores?

I'm really hoping for unsecured.

On your Wamu secured credit card was there an annual fee? How about grace period after purchases before interest would occur?

Yes, there was an annual fee of $30 or so and I'm not sure about the grace period because I always paid the bill right away.

My daughter had a secured charge card a few years back and the interest began to accumulate the second after each purchase was made. I thought that was awful sheisty of them.

A credit union just approved me for an unsecured card with a $500 CL!

Unsecured credit cards with high limits will be hard to come by these days. The Federal Reserve has just implimented provisions (effective July 2010) that will supposedly assist consumers as compared/instead to/of banks. The possibilty also exists that some of the 2005 creditor friendly provisions of the bankruptcy laws will be scaled back once Obama is in office and Democrats run the show.

My wamu card had a limit of $400 at first, was secured and had an interest rate of $19.99.

This CU issued Credit card has a $500 limit, is unsecured with an interest rate of 15% - 17%.

So this is kind of a step up for me. Had Chase not have decided to close my secured card, I probably would have not applied for additional credit until they graduated my card.

Congratulations on the card upgrade. Be sure to read the fine print though. As the poster above pointed out many secured cards begin accruing interest immediately after a purchase is made, before you receive your billing statement. On cards which do this, the only way to avoid interest is to pay in advance the amount you will be spending. That way when the charges go through you still have a credit balance on the account.