[nyplayer33]

Looking to re build credit history..pre paid or secured is fine..is there a card that enables you after a year or whatever to have your limits increased by the CC...

[I/O]

definitely NOT Capitol One (I believe you are charged interest from the second a purchase is made, this wouldn't be good for anyone, esp a person trying to build up credit with this card)

and I would stay away from anything Bank of AmeriKa solicits......they have more surcharges/charges for ANY service/product than the mafia

BOL

[denn333]

Definitely hooters card. www.hooterscard.com

[nyplayer33]

How does this work when trying to re build crdit..are some cards more likely to offer credit line increases in a shorter amount of time

[UntilTheNDofTimE]

Your best bet is getting a secured card from your local bank/credit union. After a year you can get your principal back and likely apply for a credit line increase. Most CC companies report to the credit bureaus every 3 months. So called re build your credit "cards", report every month. The difference is for these type of cards which are usually insecure is extremely high interest fees with survice cgarges and annual fees/activation fees. Id go get a secured card from whoever you bank with.

[nyplayer33]

I rememeber providian offered cards with small credit lines..guess that has changed

[Rollins08]

If you have bad credit already then you should try premier bank. Its a ripoff and they charge tons of fees but it's one of the only cards these days given to people with poor credit. Large banks don't give credit anymore to people with poor credit.

[Boner_18]

Lol the guy looking to rebuild credit is looking for a credit line increase asap.

Try discover.

[zam77]

Any CC... use it regularly and pay off in full every month. After a year request an increase and see what happens. No gaurantee anymore for anything like this unless you have high credit score and lengthy credit history.

[Nater]

My suggestion would be CASH.....If you don't have cash dont buy it.......I wish i had heeded this warning 20 years ago......

[UntilTheNDofTimE]

If you have bad credit already then you should try premier bank. Its a ripoff and they charge tons of fees but it's one of the only cards these days given to people with poor credit. Large banks don't give credit anymore to people with poor credit.

Please dont pay any attention to this guy. That is the worst CC you can ever get. The APR is 30% the credit limit is $300 and after you make your first purchase your balance is something like $246 after all the charges.

ANY BANK REGARDLESS OF YOUR CREDIT WILL GIVE YoU A SECURED CC. They simply dont care because if you default they keep your principal you put up and they dont loose a dime.

[wesanity]

I have horrible credit but was able to qualify for this card. Initial credit limit is 500. After paying your debt off every month for 5 months, your limit is upped to 1000. You also get rewards for each dollar you spend. "While the APR is a relatively high 24.9%, there's no annual fee, no foreign transaction fee, and the card offers 2% cash back on travel purchases and 1% cash back on all other purchases." Heres the link: http://money.cnn.com/galleries/2011/..._credit/6.html

[Joe Dogs]

If you dont have cash in hand,dont buy it.

Those who dont learn from past mistakes are doomed to repeat them.

Good luck going forward.

[sweethook]

i hear citi bank card is a rip off

[valaub04]

if you have any other payments that would report to credit bureaus (car, mortgage) just stay away from ANY CC. If you have to have one - and they will help to rebuild credit providing you don't get out of control with them - get a secured card like mentioned above or a gasoline card that you would just use for GASOLINE purchases. Pay it off when you get the statement.

[xstud]

Like everyone else has suggested. Stick with secured ************. Use a site like http://www.creditkarma.com/creditcards to see some different reviews but definitely shop around. DO NOT use premier bank or total **** etc. The fee's will absolutely kill you not to mention they usually charge monthly and annually.

[Fishhead]

Go to bankrate .com


You will find great info here.


In fact, the site should be visited on a weekly basis.

[crustyme]

http://www.orchardbank.com/ecare/car...rds_ob_sp4_xml

[blackbeSSt]

My suggestion would be CASH.....If you don't have cash dont buy it.......I wish i had heeded this warning 20 years ago......

If you dont have cash in hand,dont buy it. Those who dont learn from past mistakes are doomed to repeat them. Good luck going forward.

QFTMFT

been there, done that, not going back to CC's.

[nyplayer33]

i thought having good credit was a step in the right direction....

[blackbeSSt]

i thought having good credit was a step in the right direction....

depends on what direction you wanna go. what are you looking to do with said rebuilt credit?

my credit is shitty ATM. but fortunately for me and my wife the cars are paid off, the house is locked in at 4.3% and her credit score is 825+. i see no need to worry about getting mine better by getting another CC.

[nyplayer33]

Just have some unsecured credit avail if need be..for emergency..************

[blackbeSSt]

Just have some unsecured credit avail if need be..for emergency..************

well from what i've read online, if you've filed bankruptcy most places will give you credit in a heartbeat. why? because they know you can't file again for 7-10 years. which means if you rack up debt again they can take everything you own cause there is no "free" pass until the 7-10 is up.

credit is all over rated anyway. a guy in our mortgage dept just did a refi for a friend of his that filed BK 3 years ago. he went from 7% to around 4%.....and this was his second BK. GOD BLESS AMERICA

[playersonly69]

I have always had the motto,

"If I dont have the money in my pocket for something, then I cant afford it"

[CisforCOOKIE]

Cash only cc will ruin your life

[Brock Landers]

become an authorized user on someone else's card and piggyback off their good credit habits

[JDUB07]

You need to go with US Bank if you want a secured card that will become unsecured a year later. Stay away from Credit One or other Toy cards.

[Bill Dozer]

become an authorized user on someone else's card and piggyback off their good credit habits

This is a good idea...but I think it only works if the payment comes from the checking account of the person looking for the help in credit score.

[venice2222]

go to www.creditboards.com/forums This is the largest credit rebuilding site and will answer all your questions.

[misaelwade]

If you have a small number of amount, and you pay this on time. Its good to pay off your CC completely. I think this would be best way to get good credit.

[OMGRandyJackson]

Why not start with a monthly phone, cable, or internet bill. Easy way to start rebuilding credit with minimal risk

[setholdsup]

Get a secured cc through your bank
Stay on time with payments to get deposit back
?????
Profit

[TheMoneyShot]

This is a good idea...but I think it only works if the payment comes from the checking account of the person looking for the help in credit score.

My dad put me on his cards years ago. HSBC, CITIBANK... you will get an amazing credit score by just being placed as an authorized user. I couldn't believe how much my credit score increased. Crazy how just being an authorized user allows you to gain so much credit.

About the Capital One comment... always read the card holder's agreement papers associated with the card. If it states no grace period... then interest starts from day 1 of purchase... if there is a grace period then it's just like a typical cc pay on your due date.

[OMGRandyJackson]

I know with my cc there is no grace period for cash withdrawals from atms or cash back. But there is a 30 day grace period on all other purchases.

[Ethan]

Mine always increases each year. You need to build a good credit line