Has anyone used the imagincard?

Question

I need to build my credit and just saw a commercial for this card. How does it work, and is it a good way to build credit?

Answer 1

no
first you have to pay $150 to get the card.
Then there is an annual fee of $50 and a $10 monthly maintenance fee.
You will be paying the credit card company constantly.
Go to a local bank and get a credit card and then you will not be paying all these hidden fees.

Answer 2

I have an Imaginecard; the initial credit is 300 w/150 deducted for annual fees, processing. So the available credit that you have on the card is 150 when you receive it. Payment is deducted from your account every month so as long as you have money in your account, there's nothing to worry about. Minimum payment is 25.00 And they do report to the Credit Bureaus

Answer 3

I am a credit coach and host a free seminar on the web to help people manage their credit scores effectively. What you want to do is ask them if they report the available credit line as well as the balance to the credit reporting agencies.

The Federal Government recently pulled 400,000 credit reports only to find that 46% of credit card companies are not reporting available credit limits which decreases your total score by 30pts. at each bureau per credit card.

This can be devastating to your credit.

Answer 4

if you have fair to bad credit ...these types of cards are made for this ..sure the fees are high but you have to remember that's how they gain your trust....then as long as you pay them it works..1st Premier bank is one to start and Orchard bank...what good is 3 monthly report ....