What is the best way to improve my credit rating with a new secured credit card?

Question

I dont have bad credit, I simply have no credit history to work with.

Answer 1

1) maintain a monthly balance.
2) pay regular payments, always on time.
3) you do not have to maintain a high balance, just a balance...I suggest less than 100.00 or the interest will eat you alive
4) when it is time to purchase a car, but an "inexpensive" one on credit, pay for it with regular payments, but I would double up so as not to pay exoribant interest.
5) Limit your credit cards to 1-3, do not use them unwisely, pay all on time as above.
6) once you have a credit card, take care of it, do not cancel it...that is why I suggest NOT getting more than 2 or three.
Doing this for a few years will establish a payment history and you will build credit upon it. NEVER get in over your head...things that you can buy on credit are NOT worth it. If you cannot buy it for cash, you do NOT need it. Save and buy, save for savings sake. Good luck

Answer 2

they have credit card companies that give cards to people with no credit
http://www.wesayes.com
here is some text
"We have over 50 Banks & Companies that offer Bad Credit Unsecured Credit Cards and Merchant Cards to people with good credit, no credit, bad credit, or even a bankruptcy. - NO SECURITY DEPOSIT. Apply Online. You can get started right away"

Answer 3

Credit Report Myth or Reality
By: Herman Randolph

Answer 4

Use it wisely and pay it off every month if possible. Work your way up to an unsecured card or 2 but no more. Don't be late on payments so you won't be reported to credit bureaus.
Make more than the mimimum payment if you don't pay it off every month.
BE SMART!!!