Is it better to get one secured credit card for 2000. Or to get four with 500 from different places?
437551
Why don't you get 2 secured cards with a $1,000 credit line each. After one year of on time payments you will most likely get your $2,000 back and have 2 revolving accounts reporting to your credit file.\n\nI like the programs from Bank of America and Wells Fargo because they have low annual fees, no junk fees and report to all 3 credit bureaus. Also as you improve your credit score you will have access to their other credit products which are competitive.\n\nThe other place you can go is your local credit union. \n\nCheck out www.bankrate.com for all the secured card programs.\n\nGood Luck
791251
It depends on your total credit available. You want leave 50% or more of your credit line open. For example, you have two cards with limit of $1,000 each. If you have $500 balance on one and $0 on the other, you currently have 75% credit line open. If you cancel one card, you will have 50% open. That will affect your score somehow. If you have ample credit line, it won't matter.
64480
If you don't already have one open a checking and savings account. it is best to go through a credit union they are better and safer in the means they won't screw you over like the others.  Get one or two credit cards and no more than that if you have more cancel them. Opening and closing credit card accounts will lower your credit a bit but in the long run it works to your benefit. I say to only have one or two because too much in credit card credits will also bring done your credit. Don't use them often but say charge dinner on it sometime and then always pay the bill the day it comes, pay all your bills this way. It shows responsiblity on your credit report. And don't look at you credit report more than once a year, it also lower your credit.
1008053
You may want to consider a "secured" card; this is a credit card that is backed by a savings account of equal value, meaning that if you have $500 in the account, you have $500 of credit. This is the best way to fix/establish credit.
475111
Sure if you want to be raped. If you're trying to fix your credit, start with a secured credit card. You know, one that requires 75 to a hundred dollars per year to have and has bad intrest, but don't use if for more than 50 dollars at a time and never make a late payment. After a year or two, ditch it for a better card with no yearly fee. This is a leg up to a better credit score.
458229
Any credit card that has a low FIXED interest rate such as Prime +2.5% and no annual fee. I do not recommend American Express and Discover just because they have limited usage. VISA and MASTERCARD are accepted everywhere in the world and have friendly programs and rules. The best to get a credit card is through a credit union. Moreover, if you are looking to build credit, you have to get a secured credit card/loan and might need to pay a yearly fee but just for 6 months. After that you can apply for any card you want but be conservative. The less cards you have the better your credit will be - providing you have a line open. Hope this suffice.
538410
that's called a secured credit card
1058479
AngrySanta says…  Not really possible.  You’ll have to get a “secured” card, but shop wisely because a lot of them are scams with HUGE fees.  Go with a big name company and shop around.  Usually they’ll off a a “1 for 1” ratio, meaning you deposit $200 and you can charge $200, but some companies go up to '"1 for 5".  This will build your credit.   \n\nThe route I took was I joined a local credit union (many are now open to people by just living or working in a certain region) and borrowed a grand from my buddy and deposited it, and then took out a loan on that money and paid him back.  I took out a several-year loan and with monthly payments and built up a credit history and after about two years I paid it off and had an extra $1000 in my pocket when I took my money out.\n\nI also got a secured card which I had for years and years before I realized last year that I was still paying a $39 annual fee which just made me SO ANGRY.  They wouldn’t take the fee off either, so I had to cancel that card.  Too bad, my credit rating took a hit for a couple points because that was my oldest card.  Oh well.  Good luck!  \n\nSide note - I was denied a gas card so many times it’s not even funny, (before I realized each application lowered my score a little), I still don’t have a gas card.  The jokes on them though, I have a rewards card now and get 5% rebate on all my gas purchases!  Mu-HAHAHAHA!
737235
It all depends on what kinds of rewards you want.  For example, I shop a lot from amazon.com and found their Visa useful because I get a $25 gift certificate for every 2500 points.  Do you travel much, tired of spending a lot on gas?  Those are the types of things to consider.  I don't think a single card will be your answer.
713348
Go with a creditcard with low monthly interest rates, I would go with america express, they have low interest rates\n----------------------------------------------------------\nhttp://www.bestcreditrates.net
1084497
yeah, but it would be silly for small stuff like that. Try getting a "sears" or "lowe's" card first- you should be able to get a high enough credit line from them to buy those things, because refinancing your home, getting a second mortgage, is going to cost you MUCH MORE over the years when you are paying it back.
58833
Your best bet is going to be getting a secured credit card - where you give them some money up front, and they give you a credit card. Use it wisely, pay all your bills on time, and don't overspend, and it'll help you build credit so that in a little while you can qualify for unsecured cards.\n\nWatch out for secured credit cards where where they charge you phenomenal interest rates or exuberant annual charges.
773962
Apply for a secured credit card.Deposit,let say $500,and your credit limit equals that amount.Use it for expenses you would otherwise make,like buying gas,groceries,phone bill,...etc.\nWhen the bill arrives,pay it in full.This way you avoid paying expensive interest while building credit.\nAfter a year or so of doing this,your credit card issuer,will raise your limit and convert you to a non secured card (you get your $500 back).\nAlso buy a CD (certificate of deposit) at your local bank say for 6months or one year term.Use that CD as a collateral to obtain an installement loan from the bank. Make the payments on time for at least six months before paying it off.\nThese two methods will certainly raise your credit profile.\nBut also important is save,save and save money for a down payment of at least 5-10% of the cost of that condo.It will make you less of a risk to lenders. Try to avoid meaningless consumerism and keep your long term goal of owning your own place permanent in your mind,and I am sure you will reach your goal.\nBTW,like tyou I am a relatively recent (legal)-chill out Lou Dobbs-LOL- immigrant to the US. I got here little bit over five years ago and own my condo,and just closed on a second house.It can be done.Whatever the Mind can Conceive and Believe,the Mind can Achieve.\nPeace
807262
My personal opinion of these places is horrible. I went to one, and for a 700 dollar living room suite, they wanted over 1800 dollars for a used one with cigarette burns in it! I wouldn't do it. I would do one of two things. I would get a secured credit card, and you get that money after a year. US Bank is a good place to go for that. I would go somewhere and use a co-signer with a 12 months same as cash plan. That way, you get the credit, but you don't have to pay anything for the interest.
628442
It all depends on how bad the bad credit is and how old it is. If its very recent, you'll have to wait for some time, perhaps an year. As it gets older, it becomes less significant, especially if you have even one credit account that is current. If you do not, your best option is to open a small limit secured card perhaps from Capital One. I recommend them because they charge no fees. Use it for $20 a month and pay it off when you get the bill. Each month you pay them, your credit rating will be improving.\n\nP.S. You have a beautiful baby. I wish you best of luck!
223548
Most Banks will give you a secured credit card if you open a savings account with them. They usually hold your savings for one year then determine then whether to release the savings back to you or hold it for another 6 months. You can also increase your limit by adding money to your savings, which most banks will match dollar for dollar. I got mine through Bank of America.
23180
You can apply but you better have OTHER SOURCES (alimony, child support, allowance, etc) of income to provide as proof of you having some kind of money to pay, otherwise they will deny you. The only other choise is getting a Secured Credit Card. Where you place money in a bank account and your credit limit is the amount that you put in the bank (you cant use the money in the account though, its basically collateral). If you seek a Secured one get it from a well known bank though like Bank of America. They have a lot of banks and companies that offer them but they tack on huge fees. Like for a $200 card after they apply their various assorted fees your credit limit will be $50. Large reputable banks however may only charge you a $40 annual fee for the card.