medical bills have been a burden for awhile, so now that they are paid is there a good credit card that you can apply for online to build your credit up again?
2006-09-24 00:45:44 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
Look at your credit reports.
See all 3 reports for free at http://www.annualcreditreport.com
Bank of America if:
you have no bankruptcies, unpaid tax liens or unpaid judgments, apply for a secured credit card.
You will be required to match deposit into saving account for your credit limit on card.
If you can't come up with money for deposit then you have no business having a credit card because they are for convenience and not a loan.
It will take 6 months to a year for card to go unsecured and your savings deposit, plus interest to be returned to you.
Don't apply for Orchard Bank, Capital One or any other on line credit card company. They want higher fees and make it very hard to do business with them, especially if you are carrying a balance every month or wait till last minute to make payments. Plus they are in the business of giving credit to people who are less credit worthy. You end up paying for other peoples credit mistakes. Don't do it!
Bank of America is on every corner and you don't need to mail in payments.
Never use your card for anything if you can't pay it off the same day in full. Pay the full amount each month and always pay before grace period expires (no interest).
Once you get your Bank of America credit card, use it for everything. The bank will love you for it. You will be rewarded with credit increases and lower rates, plus a higher FICO score. However, remember to never pay interest on any balance and never spend on card what you can't pay off that same day. If you need something you cannot afford, get a loan. If you can't get a loan now, wait till you build up your credit score.
You'll have fun, I promise.
Where in Ga are you from? I am in Ga as well (Duluth)
2006-09-24 01:22:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Truthfully, any credit card will do. If you don't have good credit, you may have to get a secured credit card. Which really isn't that bad. Go to www.lowermybills.com and use their credit function to help find a card; www.bankrate.com also has an extensive list of what is available.
Remember, this is a card you are going to keep open for the rest of your life, so....if you want one that has rewards Chase offers the most (www.chase.com). If you have bad credit, you are more than likely going to get socked with a ridiculous interest rate, don't stress it.
Set a monthly limit that you can pay off monthly. For instance, if you only have $50.00 of disposable income, then purchase $50.00 worth of something on your card. Pay off that bill immediately. Do that for 12 months and your credit will improve tremendously.
Good luck
2006-09-24 00:57:50 · answer #2 · answered by Venza 2 · 0⤊ 0⤋
you're getting a brilliant number of undesirable training right here. particular, the cardboard act does start up in 2010, yet every person under the age of 21 could have the two a co-signer OR they could tutor their earnings (i does no longer propose the internet website he become sending you to the two) As for being 18 in a month, in case you like a card that demands a signature and confirmation of an 18 12 months previous, you would be 18 on the time of the appliance. that is like entering right into a bat once you're 20 yet you would be 21 in a month. you need to be 21 and that they do no longer care once you turn it.
2016-10-17 21:17:02 · answer #3 · answered by ? 4 · 0⤊ 0⤋
I'd say find one with very low interest. And tell them you want a very low limit(around $1000). If you have too high of one, you will be tempted to use it more and could end up in serious debt!
2006-09-24 00:54:06 · answer #4 · answered by ? 6 · 0⤊ 0⤋
Any card will work to get you going
2006-09-24 01:30:59 · answer #5 · answered by nbr660 6 · 0⤊ 0⤋