im lookin to build my credit whats the best card to apply for
2007-09-25 16:56:36 · 9 answers · asked by randon_s2008 1 in Business & Finance ➔ Credit
First off, how bad is your credit? Mine was in the toilet. I got a secured card from Orchard Bank ($300 deposit) and used it responsibly. Within a few months I began getting credit card offers (really BAD ones, but offers nonetheless). It's now 8 months later, and I was just approved for a "real" credit card, with a more reasonable 11.95% interest rate... for me, Orchard was the way to go!
2007-09-25 17:08:57 · answer #1 · answered by halfthebottle 4 · 0⤊ 0⤋
The best way to build credit is with a consumer installment loan, such as an automobile loan. It helps to have something that you can make regular monthly payments. I would not recommend going out and buy a car that you don't need just to build your credit. If you want a credit card, you could probably go to your bank and see if they will allow you to get a secured card. If they don't offer one there are a number of others who will. Just be certain that you make all payments on time or it could hurt rather than help your credit. I would not use a credit card other than for emergencies. That is how a lot of people get into trouble.
2016-05-18 22:46:41 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Prepaid or debit cards:
These are the easiest option available for bad credit people. There are no verifications, no credit checks, no employment requirements, and the approval is instant. All they have to do is to deposit a money and a prepaid card is issued. This card has the borrowing or buying capacity equivalent to the funds deposited. The good thing with prepaid credit card is that it promotes financial discipline. Some prepaid card issuers report to various credit rating agencies, thus it helps in rebuilding your credit history. Apply online for a prepaid credit card at: http://www.credit-card-gallery.com/PrePaid_Card.html
2007-09-26 00:31:30 · answer #3 · answered by brady ewart 3 · 0⤊ 0⤋
It does not matter. You will want a card with no annual fee. You also want one with a 30 day billing cycle. That was there is a due date and there is not any interest accrued until after the due date.You should use your card monthly and pay off the ENTIRE BALANCE MONTHLY. Use only for things that you were going to buy anyway. Gasoline, groceries and that sort of thing.
2007-09-25 20:39:15 · answer #4 · answered by kim h 7 · 0⤊ 0⤋
One thing equifax told me to use less than 20% of the total allowed on the credit card. and always keep even just a few dollars on it will help alot.
2007-09-25 18:37:49 · answer #5 · answered by nascarfan200378 1 · 0⤊ 0⤋
First premeir bank has a great card that helps rebuild credit.
2007-09-26 16:01:40 · answer #6 · answered by outlawimmortal2 2 · 0⤊ 0⤋
check out http://preferred.ecreditdirectory.com/ for a list of preferred credit cards for all types of situations..
2007-09-26 15:00:24 · answer #7 · answered by Anonymous · 0⤊ 0⤋
I don't think it matters. It matters how you use it. Don't max it out. Pay more than the minumum payment each month. Don't use more on it than you can afford to pay back in full each month.
2007-09-25 17:05:28 · answer #8 · answered by Mandy 3 · 0⤊ 0⤋
capitol one ....go to my capitolonecard.com and apply they are very flexible..
2007-09-25 17:36:50 · answer #9 · answered by ccs2000@sbcglobal.net 2 · 0⤊ 0⤋