Comments on: What credit card would you recommend for someone trying to re-establish good credit history?

By: suzypeaks

suzypeaks — Mon, 08 Mar 2010 19:41:46 +0000

i would get one from here
http://www.wesayes.com

By: Crazy girl

Crazy girl — Mon, 08 Mar 2010 19:02:14 +0000

http://www.household.com

By: echo

echo — Mon, 08 Mar 2010 18:47:28 +0000

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 the cards.

You might go to the Bank of America website. They have a card selector that you can do that will not pull a hard inquiry for a recommendation. If you apply for a recommended card, then they will pull a hard.

Orchard Bank and HSBC also have the card selectors but they are not as prime as BoA.

Stay away from Cap One. They do not report your credit limit, only the amount that you charge. That will definately hurt your utilization and lower your scores.

By: teenriodoll

teenriodoll — Mon, 08 Mar 2010 18:32:58 +0000

Congrats, on your cleaning up your debt and your credit score. What you want to do is compare credit cards and the good news is there are many internet sites that will allow you to.

Check http://www.creditland.com, http://www.bankrate.com, http://www.credit.com On these sites you can look and compare the credit cards that have no annual fee and a low APR. Also if you belong to a credit union, they have excellent rates. You may also consider doing a search for LOW credit card rates in search engines. USA Today does a comprehensive list every year.

I hope this helps you out.

Good Luck

By: justagrrlinnytoyou

justagrrlinnytoyou — Mon, 08 Mar 2010 17:50:53 +0000

Providian and Chase are horrible- they give you say…a $1500 credit limit…you charge it up because you’re low on money or lost a job or had an emergency, etc. Then, about a year later, after you’ve paid, and paid, and paid at your low introductory flat rate of say…7%, they send you, in teeny, tiny print, a notice that says you have to “opt out” by cancelling your account if you don’t want to pay upwards of 28% – 29% interest. They say they have a right to “ammend” your account if you don’t meet their payment preferences…say, you only pay the minimum payment or slightly above each month.

My recommendation? Go with American Express Green Card. Yes, there is a $59 annual fee, BUT, you have to pay the balance at the end of each month which prompts you not to charge it up. As well, every payment you make shows up as a positive on your credit report.