There are several cards and solutions out there to get you on your way to rebuilding your credit even if you have poor credit. The first thing I recommend is opening up a secured credit card account. This is a credit card that you will need to deposit funds into (yes you earn interest) and the amount of funds you deposit is your credit line. You will want to make sure that the cards report to all 3 credit bureaus, to turn your poor credit into at least a good credit. I have researched several secured credit cards and the ones I recommend you look into are Orchard Bank, which has a secured and unsecured card, Eufora, they offer credit building tools, over 5 ways to add funds, including direct deposit of your paycheck, and a chance to win a car every month you make a purchase of over $100 on your card. The other secured card I recommend is NMB or New Millenium Bank, gold card status, no credit checks, reports to all 3 credit bureaus, up to $10,000 in credit.
The nice thing about these secured cards is, especially if you don’t have a credit card at this time, is that you can pay at the pump, purchase online with your card, make reservations etc. Things you cannot do without a card. These secured cards are accepted anywhere visa/mastercard are accepted. Another cool feature is you can load the cards through direct deposit through your employer, which makes it fast and hassle free. Most importantly, they report to all 3 credit bureaus, so you are rebuilding your poor credit.
For those of you looking for an unsecured card, and do not wish to deposit your own funds into a secured credit card account, there are a few credit cards that will approve you with poor credit. Orchard Bank, Imagine Gold Mastercard, First Premier Bank and Centennial Visa are three banks that want to help you get on your way to better credit. With a little time and some good payment history, your credit scores will go up and you will be able to get lower interest rates on loans and credit, and credit card companies will start issuing you unsecured credit cards with no annual fees.
Having poor credit can be fixed, and the rewards of having good credit make all the work well worth it.
TOP RATED CREDIT CARD OFFERS
The top rated credit card rated by you the customers is the Pulaski Gold Visa card. With an attractive 9.5% interest rate on both purchases and cash advances, no annual fee and a six month introductory 0% apr, there are many reasons to enjoy the benefits of Pulaski Gold Visa. The Pulaski Gold Visa Card is issued by Pulaski bank. Pulaski Bank, started as Pulaski Heights Bank, was formed in March 1956 to meet the needs of Heights merchants and residents. Led by local landowners, Pulaski Heights Bank was chartered as a state bank and was the first bank charter granted in Little Rock since before the Depression.
