Mortgage and Insurance

hi everyone, first post.  i’ve been lurking around the last few days.  what brought me here was google search of “best buy master card rewards zone”  i received one of these preselected offers the other day.  so on a whim i decided, “why not?”  already having some idea that i would probably be rejected.  to my suprised they approved me $300 with annual $59 fee. 

 

granted, i this amount isn’t that much to celebrate but to me i thought “wow, this is great!”  prior to this approval, i have a victoria’s secret account.  i was an authorized user on my parents’ world perks signature visa (has since become amex delta sky miles) 7 years ago.  i also had an account with msufcu (michigan state university federal credit union) that was opened in 2006 with a $1500 limit (visa classic) but was closed by the creditor in 2009 because i was past 180 due.  i have been paying it down since then. 

 

so with the new best buy mc approval, i thought, why not give msufcu a try again.  so i called and again to my surprise, they reopened my visa (now called “visa platinum”) with a limit of $2,500/16.9% APR.   the prior blance from my old account carried over of around $860 and change.  i’m thankful since i thought i wouldn’t be able to get any line of credit since this incident. they mailed me a letter yesterday stating my score 614 (from experian)

 

so lurking around more on these forums, i looked into seeing what other cards i could apply.  i thought amex zync since most people seemed to get approved and i thought it would be a good way to get my foot in the door with amex.  they didn’t approve me for the no set limit card but offered me two options: $500 limit provided that automatic payment would be set up in conjunction with my bank account or $200.  naturally i went with the $500 option.  i see this as a way of treating the card like a debit card (what i’ve been using the last 3 years) and help build my way up to the other line of amex cards.

 

as a last ditch effort, i tried to apply at macy’s today, hoping i would get approved this time (i tried to apply about 1.5 years ago but was rejected on the spot).  it came up as not approved but not declined, either.  the sales associate told me that a further review would be looked into.  i’m really hoping i do get approved since i want at least one more store card (albiet victoria’s secret and best buy).  i would actually be surprised if i do get rejected again, though.

 

now i’m wondering with the amex zync and the reinstatment of my msufcu visa, would these cards definitely be helpful in rebuilding/building my credit?  now i kinda regret doing the best buy app (had i known before i probably wouldn’t since they do a hard pull).  what’s people’s recomendation on the best buy master card?  any tips or pointers on all these cards would be helpful as well as any recomendations for cards to build credit.  thanks so much.

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