I have been working very hard on my Credit Rating and have found that if I started with a Credit Card with a low limit and paid it off monthly it would help. Can you guys help me with the names of some reputable Credit Card Companies that would allow me a small credit limit and help me build my Credit back up Thanks Jeff
2007-09-04 05:23:47 · 8 answers · asked by steelhead5308 2 in Business & Finance ➔ Credit
Try your local department stores and gas stations. Those are easiest to get.
Next try your local bank if you have an account there. If not open one and then apply.
If you cannot get any of those cards the backup is a debit card. You should be able to get that because it comes right out of your bank account
2007-09-04 05:30:16 · answer #1 · answered by DrIG 7 · 0⤊ 0⤋
You can get a cc but be prepared to have high interest rates and possibly other high fees. If you do get a credit card keep the balance low enough where you can pay in full each month. That way you can try to avoid the high rates and fees. If you do so you can build your credit pretty fast.
2007-09-04 05:39:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Almost any card would qualify for this. Just specify the amount of credit you want and make sure it doesn't have a monthly fee. If you want to be really slick, find a card with frequent flier miles and pay your mortgage and other living expenses with it. Just pay it off each month and you get free flights.
2007-09-04 05:31:16 · answer #3 · answered by Jay P 7 · 0⤊ 0⤋
I used Orchard bank and First Premier and Capital One after my BK.
Yes they had fees and high interest but I got around the interest by paying in full every month.
In 2 years I raised my score over 150-points.
2007-09-04 05:32:38 · answer #4 · answered by ? 7 · 0⤊ 0⤋
Before you go to some credit repair companie, here's some stuff you might like to read first. Check out this link
http://callacorp.ws/
2007-09-04 11:07:17 · answer #5 · answered by GTO LovR 2 · 0⤊ 0⤋
It depend upons the bank in which you are going to apply.Just take a look at the link below to learn about credit cards.
2007-09-04 05:30:29 · answer #6 · answered by Anonymous · 0⤊ 2⤋
Every time you apply your credit rating is lowered. CIBC TD Royal Bank are trused banks.
2007-09-04 05:31:33 · answer #7 · answered by Anonymous · 0⤊ 0⤋
your interest rate would be at least 25% or higher
I'd just pay cash and get a debit card.
2007-09-04 05:32:18 · answer #8 · answered by Anonymous · 0⤊ 2⤋