Question : What credit card would you recommend for someone trying to re-establish good credit history?
I have decent credit but I had cancelled all my cards when trying to get out of debt. I am now free of all unsecured debt but I need to have a card so in the future I won't be hurt by having no credit.I'm thinking I want a card with no annual fee and a low APR. The card would only be used very occassionally and paid off immediately. I have no desire to repeat previous mistakes.Does anyone have any recommendations for a good card for this purpose?Okay, as I said, but everyone is skipping, is that I have decent credit. My credit score is 700.When I got into trouble I went into debt consolidation right away BEFORE my credit got screwed up.But I do appreciate those of you who are taking the time to answer.
- asked by Tamborine
All Answers:
Answer #1
Good Luck,...The only company that is worthanything is www.wewontscrewyou.comI think theywould be able to assist...Kidding
- answered by Primetime
Answer #2
i think that getting a visa from the bank of yourchoice would be best way to regain stability
- answered by mary o
Answer #3
if your not using it that much and your going topay it off immediately the apr dosnt really matterthat much its the annual fee your going to have toget around. By all means if you can find one witha low apr go ahead but it sounds like that is onthe back burner compared to how you say your goingto use the card
- answered by puresplprix
Answer #4
I would try Providian. They dont have an annualfee and their APR is as good as any other. Ithink you can even apply online at www.providian.com Dont be shocked if it reroutesyou because they are in the middle of changingtheir name to Washington Mutual. But they are agreat company and have a wonderful website. Theyeven update you every month on what your creditscore is so that you can kind of keep track andwatch for identity theft. Anyway, good luck.
- answered by Tragic
Answer #5
If you have bad credit you won't be able to get alow APR and no annual fee...Try a Secured Card. You put the money up yourself and work off thatfor about a year.
- answered by Dom D
Answer #6
Its going to be hard to find a card with no annualfee and low apr for someone to re establish theircredit, your best bet is to try capital one. Ihave 2 cards thru them a visa and a mastercardtheir rates are a little high but they are a goodcompany, I had no credit established at all and Igot a credit card thru them and they give creditincreases every 3 months or so I believe if youmake your payments on time and dont go over thecredit limit.
- answered by zwl88796
Answer #7
I wouldn't recommend any credit card. They dragyour credit down the worst. If you do get one, Iwould find one that won't keep raising your creditline, because that is what gets most people introuble. Not having a credit card at all doesn'thurt your credit any. My feeling is just save upyour money. When you use a credit card, you'rejust spending money you really didn't have tospend to begin with. Not enough people see this,and fall into the trap. Americans are way todependent on credit cards.
- answered by kyle b
Answer #8
Providian and Chase are horrible- they give yousay...a $1500 credit limit...you charge it upbecause you're low on money or lost a job or hadan emergency, etc. Then, about a year later, afteryou've paid, and paid, and paid at your lowintroductory flat rate of say...7%, they send you,in teeny, tiny print, a notice that says you haveto "opt out" by cancelling your account if youdon't want to pay upwards of 28% - 29% interest.They say they have a right to "ammend" youraccount if you don't meet their paymentpreferences...say, you only pay the minimumpayment or slightly above each month. Myrecommendation? Go with American Express GreenCard. Yes, there is a $59 annual fee, BUT, youhave to pay the balance at the end of each monthwhich prompts you not to charge it up. As well,every payment you make shows up as a positive onyour credit report.
- answered by justagrrlinnytoyou
Answer #9
Congrats, on your cleaning up your debt and yourcredit score. What you want to do is comparecredit cards and the good news is there are manyinternet sites that will allow you to.Checkwww.creditland.com, www.bankrate.com,www.credit.com On these sites you can look andcompare the credit cards that have no annual feeand a low APR. Also if you belong to a creditunion, they have excellent rates. You may alsoconsider doing a search for LOW credit card ratesin search engines. USA Today does a comprehensivelist every year.I hope this helps you out.GoodLuck
- answered by teenriodoll
Answer #10
Depending on how long ago you canceled your cards,and the standing on the cards when you canceled,you might try to see if they will rehab one of thecards.You might go to the Bank of America website.They have a card selector that you can do thatwill not pull a hard inquiry for a recommendation.If you apply for a recommended card, then theywill pull a hard. Orchard Bank and HSBC also havethe card selectors but they are not as prime asBoA.Stay away from Cap One. They do not reportyour credit limit, only the amount that youcharge. That will definately hurt your utilizationand lower your scores.
- answered by echo
Answer #11
www.household.com
- answered by Crazy girl
Answer #12
i would get one from here
http://www.wesayes.com
- answered by suzypeaks
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measure and fulfill your financial needs
