Never had any credit cards have always believed they just caused problems so i have always paid cash for everything now that i am getting ready to buy a house i need to establish some type of credit any advice on the best credit card to apply for with the lowest rates. My credit score is about 550 but i make good money.
2006-07-28 08:49:20 · 7 answers · asked by Lucky me 1 in Business & Finance ➔ Personal Finance
they have credit card companies here for people with limited credit experience
http://www.wesayes.com
2006-07-28 10:09:12 · answer #1 · answered by Anonymous · 4⤊ 1⤋
None. This needing to have a credit card deal is a myth. You're not going to do any better with a card. If your lender is telling you that then shop for another lender. Stay strong.
Getting a credit card and paying if off every month doesn't really help because it doesn't show a consistant payment history.
2006-07-28 08:53:47 · answer #2 · answered by AC 3 · 1⤊ 0⤋
Why worry about the interest rate when you can pay it off every months? Having a credit card and consistantly paying it off every months is sufficient to build your credit.
Interest rate only gets involved if you don't pay it off monthly and carry a balance.
2006-07-28 08:53:48 · answer #3 · answered by tkquestion 7 · 0⤊ 0⤋
550 will get you a loan but not a very good rate. decent rates will tend to start around the low to mid 600's. any credit card will suit you fine. try and get one from your bank if possible as they are often the easiest to obtain.
2006-07-28 08:53:13 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Try capital one, or any one really and just make regular purchases with it then pay them off just like you do now. Don't buy more just because you are trying to increase your credit rating, because in the long run it will hurt it. If you keep paying off balances your credit score will increase. If you pay the balance every month then you will not have interest charges.
2006-07-28 08:54:31 · answer #5 · answered by Scott M 3 · 0⤊ 2⤋
Try this website to compare credit card it has a list of 100 credit card http://www.bestcreditrates.net
2006-07-31 15:51:28 · answer #6 · answered by BIjan 2 · 0⤊ 3⤋
Have you checked?:
http://lowpercent.com
2006-07-28 17:09:19 · answer #7 · answered by Jeep 1 · 0⤊ 2⤋