Whats The Best Credit Card To Get For People With Not Great Credit

[NDENT]

Trying to build my credit & was wondering if anybody knew any good credit card companys out there that aproves people with not so great credit. I don't want one of those pre-paid cards & im looking for something at least $250-$500.

Thanks,

 

[Aimster]

capitalone

 

[Eli]

Capital One gave me my first CC with no credit.

21% and a 300$ limit, but hey... beggars can't be choosers.

 

[Zugzwang152]

Discover sends card offers to practically anyone these days.

 

[NDENT]

So far my wife has gotten stuff in the mail from the below companys -

Citi
Chase
Providian & i think Discover but i cant find that one.

Anyway do those companys send stuff to just anybody or people who they wanna aprove ?

 

[1sikbITCH]

I had a completely blank credit history 18 months ago. I went to Bank of America and applied for a secured card. I gave them $100, they gave me $500 credit.

After one year they gave me my $100 back and raised my limit to $3000. That one year built up my credit score enough that I just got approved for a loan through Wells Fargo to buy a house. Starting over has been easier than I imagined.

 

[NDENT]

Originally posted by: 1sikbITCH
I had a completely blank credit history 18 months ago. I went to Bank of America and applied for a secured card. I gave them $100, they gave me $500 credit.

$100 isn't bad for a $500 limit. $500 will due justice right about now.

 

[1sikbITCH]

The key for us credit noobs is to NOT go charging up extra stuff and then having to struggle to pay it off.

Instead, when you have the cash in hand and are ready to pay a bill or go to the grocery store, instead of paying out of your bank account or writing a check, pay on the credit card.
Then, immediately pay off the credit card with the cash you already have in your bank account. NEVER EVER EVER use the card unless you already have the cash to back it up. I happen to use Bank of America for my checking acct as well as the credit card, so I can easily go online and force myself to transfer money to the card to pay it off.

The more positive activity you can generate on your card, the more your score will rise. It will also show future creditors that you promptly pay off your debts instead of stringing them along barely paying the interest.

Great site to learn all the little tricks and really a better place to ask your question (after using the search function and reading the faqs): www.creditboards.com

 

[thirdlegstump]

Credit Cards are what ruins America.

 

[Christoph]

orchardbank.com will do a soft pull and suggest their card you are most likely to be approved for.

 

[NDENT]

Bump

 

[DougK62]

Go to your bank or credit union.

My first card was a Visa through my credit union with a $500 limit. I had zero credit, but they gave it to me since i had a savings/checking account with them.

 

[DougK62]

Originally posted by: deathkoba
Credit Cards are what ruins America.

LOL. No, it's idiots that are ruining America.

 

[invalidiuser]

Household bank will also give you one. I have the shittiest credit 480 score for a while and I was able to get a 300 unsecured from them.

Rebuilding my credit now and Im already backup to 610 on my credit score in the past two years. Should be close to 700 or more by summer of next year if I work on it better at the rate that I am going.

Note to noobs and young kiddies with credit cards. Never ever screw up your credit. I regretted big time and now I am paying for it for the last two years.

I can't even believe that just for car insurance most of the insurance companies now even check your credit. I said WTF does credit have to do with insurance. But it all falls into place. So I repeat do not mess or screw around with your credit if you haven't.

 

[nakedfrog]

Don't let the balance get to more than 50% of the total limit if you want to increase your score.

 

[iversonyin]

capitalone gave me my first with $200 limit

now i have amazon one with $2000

 

[thirdlegstump]

Originally posted by: DougK62

Originally posted by: deathkoba
Credit Cards are what ruins America.

LOL. No, it's idiots that are ruining America.

True dat. Still it goes hand in hand.

 

[NDENT]

How about the stuff that comes in the mail ?

 

[NDENT]

Bump

 

[RossMAN]

Originally posted by: NDENT
How about the stuff that comes in the mail ?

Respond to to pre-approval cc offer and see if you get approved or declined.

Another vote for Capital One.

 

[NDENT]

Respond to to pre-approval cc offer and see if you get approved or declined.

Another vote for Capital One.

Funny thing you said that as capital one just sent my wife something in the mail for upto $2,000.

 

[dionx]

i hear that capital1 is more synonomous with crap1

they don't report your credit limit to the bureau so it looks like you use 100% utilization on your cards which lowers your FICO score.

 

[RossMAN]

Originally posted by: NDENT

Respond to to pre-approval cc offer and see if you get approved or declined.

Another vote for Capital One.

Funny thing you said that as capital one just sent my wife something in the mail for upto $2,000.

Is she going to reply to the offer?

 

[Dulanic]

Capital One as others have said gave me my first card. I hate them with a passion, when I first started with credit cards I got into some trouble and they restricted my account so I cant use it. And to this day they still won't unrestrict it. Only $300 limit too, I've now got cards with over 5K, and good cards American Express and others, still wont unrestrict it. Luckily Capital One is dumb and doesn't close it and still reports it as open and being paid on time, I will probably never touch it as it helps my score quite a bit since it has been open 7 years or so.

 

[NDENT]

Originally posted by: RossMAN

Is she going to reply to the offer?

Not sure yet. I'm going do some reading up on Capital One first. We need something thats gonna raise her credit score. The card is more needed to build her credit really.