Credit Cards

[jordanmedical]

I'm trying to rebuild my credit and don't have any open credit cards to help. I'm wondering what is the best credit card that's non-secured as I know credit cards can help rebuild credit faster while I'm in the process of DV's and PFD's.

[rootpooty]

its going to be tough to get an unsecured card with those scores and you will be just wasting inquiries which will hurt your score even more. trust me i know. look to getting with a local credit union and see if they offer a secured credit card and see if they will unsecure it over time. another way to look is with bank of america secured. they also unsecure cards after 12 months. capital one might approve you with those scores with a low limit and they do also offer a secured card too but you will be stuck with that card forever unless you close it. my suggestion would be to open 2 possibly 3 secured cards and wait a year then you will have a greater stand point

[Creditaddict]

You show a Credit One Pre-Qual Score, Did you apply for it? if not, they are a great option for rebuilding... just watch your payments and send the money using your bank bill pay not their website or phone.

I would go to orchardbank and do the pre-qual and see if you get unsecure offer

same at capital one.

[injustifiiable]

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jordanmedical wrote:

I'm trying to rebuild my credit and don't have any open credit cards to help. I'm wondering what is the best credit card that's non-secured as I know credit cards can help rebuild credit faster while I'm in the process of DV's and PFD's.

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I noticed your signature says MyFico Experian...I hope you mean Equifax!!! Experian hasn't sold any FICO scores here in quite a while....

[Misshopeful72]

Firestone approved me with low credit scores and so did the department store Von maur.

[webhopper]

I would do as another poster has mentioned; find a local credit union that you can join and talk to them about opening a secured loan and/or a secured credit card. Secured loans are a great way to build good payment history and it doesn't cost much money as they immediately give you back your deposit as a loan. You just have to be able to make the monthly payment. Its also a great way to make you save because at the end of your loan repayment you end up with a fully matured certificate of deposit that you can then continue to build on or cash out and use for something. I did this in 2007 and ended up increasing my score by 50 points in one year. I qualified for an Fha loan the following spring.

[Sassy_Taurus]

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jordanmedical wrote:

I'm trying to rebuild my credit and don't have any open credit cards to help. I'm wondering what is the best credit card that's non-secured as I know credit cards can help rebuild credit faster while I'm in the process of DV's and PFD's.

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Orchard Bank has a pre-approval link that you can try to see what they will approve you for. I was approved for Orchard and Capital One. Good luck to you...

[jordanmedical]

Yes, I do have to change it to equifax in my signature and add my current TU score as well. I didn't prequalify for credit one and they showed me my score. Does anyone know if that counts as an inquiry? I'm hoping to reapply for the walmart store credit card after I finish paying them the last 100 I owe on an acct they closed. Which report does capital one look at?

[rootpooty]

you will get 3 hard pulls from cap one. they pull all 3

[trumpet-205]

With the way you are right now. It is a lot better to get secured credit card instead. I suppose you can app for First Premier, but then you will be paying ridiculous fee just to keep the card open. Capital One is certainly a try, though I fear you only qualify for their secured credit card.

GECRB (Walmart) will pretty much shut you down with that credit score.