New Member
Posts: 1
Registered: ‎03-26-2013

Rebuilding Credit



I am trying to build credit but have been denied regular credit cards. Can anybody recommend a good prepaid credit card that will help me build credit history and advise if I should always pay the balance off in full?


Thank you

Frequent Contributor
Posts: 390
Registered: ‎03-24-2013

Re: Rebuilding Credit

You'll likely get more help here:

|| Barclaycard Rewards Visa $5500 || AMEX BCE $2000 || Discover IT $3000 || Amazon Rewards Visa $1800 ||
|| Chase Freedom $2700 || CSP $5000 || Chase Marriott Premier $7500 || Sallie Mae MC $3800 ||

FICO Scores: EX 752 (3/13/13) || EQ 782 (10/4/13) || TU 724 (1/18/13)

In the garden as of 10/12/2013
Senior Contributor
Posts: 3,198
Registered: ‎01-24-2010

Re: Rebuilding Credit

Prepaid CC do not build your credit at all.


You need a secured card for that.   Capital One (and many others) have them.

Valued Contributor
Posts: 3,406
Registered: ‎12-19-2012

Re: Rebuilding Credit

Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
Valued Member
Posts: 42
Registered: ‎02-27-2013

Re: Rebuilding Credit

I think you mean secured credit cards, which is where you put up the funds for the credit line and then pay monthly to so as to keep your credit line at it's original balance.  I applied for a wells fargo card with a $500 limit and my equifax score went up about 20 points just by getting it.  I will use about 10% of the credit monthly and pay it off way before it's due.  Hopefully this will increase my credit score along with other things I am doing.  Good luck.  Type in secured credit card  into the forum and you will get plenty of good information

Starting Score: 595
Current Score: 649
Goal Score: 712

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