Hello everyone. I would like to get my credit score up and was thinking about trying to get a new Credit Card. I have 3 old deliquent accounts on my CR with DOFD of 6/2006 and 7/2006. I looked around online about the diffrent CC's they have and I finally went to my Credit Union and they said if i was denied the CC i would prob be able to get the secured card at 16% APR. My question is what is the the benefit of getting the card and what are the set backs of having the card.
Thank you in advance.