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Need a decent credit card.

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fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

127 Magic Points

Subject: Need a decent credit card.

Sun Oct 26, 2008 1:13 pm

Need a decent credit card? Here are some credit cards that actually got the best rating:
Capitol one Prestige: 7.9% interest and they will not raise rate due to you defaulting unless you make a payment three or more days late and more than twice a year.

Clear/American Express: 0% for 12 months and then 5.9% on balance transfers for life. They claim this one is really liberal with one month grace periods. No fees for late payments, cash advances or over the limit fees. They even give you your free credit report WITH your score once a year for free.

I know we all do not have good credit but for those who have finally gotten there and post here to help others these cards could be a wise choice. I know when I had bad credit it was the over the limit fees and annual charges that helped set that bad credit ball rolling. Hope this helps anyone out there looking for a decent card.

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: cc

Sun Oct 26, 2008 1:18 pm

Thanks for the posting. I DON"T have the 'best' credit, but,...I'm working on it. I know you posted ( I think it was you..) about % rates going up on 'good credit' CC's, too. I don't know if I would want to pay all of that % again.

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

127 Magic Points

Sun Oct 26, 2008 1:22 pm

The best thing SD is staying away from the cards all together but the fact is if you want to have a credit rating or build your credit you almost have to have a credit card. I just thought I would list some of the better ones. You will get your credit back on track. It seems like you are really trying from reading your posts. Just hang in there and you'll get your score back up.

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: cc

Mon Oct 27, 2008 1:52 am

I don't think i can be 'accepted' from 'bad credit' CC's if I already 'defaulted' on a few, in the past. Orchard and Imagine....I posted these in another thread. Gosh, though....I understand it may raise my score, howevr..it may be starting the whole CC thing over.

jtrenton

Joined: 12 Sep 2008
jtrenton's page
Posts: 15

232 Magic Points

Mon Oct 27, 2008 3:37 pm

If you can't get a regular credit card, you can apply for a secured credit card, which will also help you rebuild your credit.
_________________
Banks

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: cc

Mon Oct 27, 2008 4:33 pm

True.....that WILL help. Will a Secured card change into a Non-secured card if you make regualr payments? Can you tell me some 'good' secured cards, I can apply for?

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

127 Magic Points

Mon Oct 27, 2008 10:33 pm

Not sure here SD. Never had to do any. Just started with the store brand. I didn't have it as bad because my husband has had good credit. I didn't even get on the last loan because I new a still had a bad mark to fall off and we really needed the loan. I didn;t want my credit screwing up the chances of it being approved.

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 686

17396 Magic Points

Tue Oct 28, 2008 11:25 am

A secured credit card cannot be converted into an unsecured credit card. If you do not have a credit history, you need to go for a secured credit card, which requires a deposit as security for the amount you would like to take as credit limit on your card. Now if you make purchases on your secured credit card and make timely repayments, you can build up a good credit score. On the basis of this credit score, you may apply for a unsecured credit card.
_________________
Where there's a will, there's a way !!

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: cc

Tue Oct 28, 2008 4:19 pm

Would the % rate be 'decent' on a Secured CC? Timely payments WOULD help with my score. Do they check your credit for Unsecured CC's?

fireyone

Joined: 26 Feb 2008
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Posts: 4285

127 Magic Points

Wed Oct 29, 2008 2:06 am

not real familiar with all this SD. I hope Mary can answer this question for you.

1002543

Joined: 31 Aug 2008
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Posts: 82

90 Magic Points

Wed Oct 29, 2008 4:57 am

Mary!

Your info is completely wrong.

I've got BOA secured card 2 weeks after I got off the airplane, with 0 credit history, 9 mos later BOA graduated my secured card to fully unsecured with CL $500 more than I had and returned my security deposit.

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: cc

Wed Oct 29, 2008 11:44 am

Hello, CREDITPRO...Publishing USA?? They are secured CC's? Never heard of them, but, I'll look into it. Thanks for the advice.

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 686

17396 Magic Points

Wed Oct 29, 2008 11:49 am

Hi 1002543
Most of the secured credit card do not have a conversion option. If however, you secured credit card had a conversion option, it would be converted into an unsecured credit card if you use your secured card responsibly to make purchases and paying it off regularly, thereby making a good credit history.
_________________
Where there's a will, there's a way !!

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: cc

Wed Oct 29, 2008 2:02 pm

Yea..i see, MARY. Can you take an 'advance' on a Secured CC? SOME CC's you can take Cash Advances on MORE than you have on the card. I don't know about Secured CC's.

Guest

Wed Oct 29, 2008 5:51 pm

SDCHARGERS. They are not secured credit cards. They are unsecured revolving credit limits. They are new!

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