topic Re: CC for not so good credit. in Credit Cards

CC for not so good credit.

Anonymous — Mon, 16 Jan 2012 17:48:14 GMT

Hello board-

Anyone have suggestion on what type of cc I should get? My credit isn't that good but I am trying to rebuilt it

Re: CC for not so good credit.

3MV — Mon, 16 Jan 2012 17:58:28 GMT

I was just approved for the Capital One No Hassle Cash Rewards. My score was 576 (EQ).

Re: CC for not so good credit.

Open123 — Mon, 16 Jan 2012 18:10:28 GMT

Your best bets are secured card or unsecured from Cap One, Orchard, or the BBRZ card. In my view, I'd app for a combination. For example, get a secured card from a prime Bank, then app for a Cap One, Orchard, or BBRZ unsecured.

If the above fails, then you'd have to resort to First Premier or Credit One. I would avoid these if possible. There's a price for building credit, and only you need to fully understand the price the latter charges before doing business with them.

Re: CC for not so good credit.

JustMe77 — Mon, 16 Jan 2012 18:16:35 GMT

I agree, try Orchard Bank and Capital One. They both have places on their website where you can see if you are pre-approved/pre-qualified for anything.

Re: CC for not so good credit.

jeffery581 — Mon, 16 Jan 2012 18:30:47 GMT

RE: I agree, try Orchard Bank and Capital One. They both have places on their website where you can see if you are pre-approved/pre-qualified for anything.

Re: CC for not so good credit.

Anonymous — Mon, 16 Jan 2012 19:07:52 GMT

I suggest you try the preapproval for Capital One and see what they offer. Orchard is being bought by Capital One, so I would try Capital One first.

You might consider secured card with CU or other major banks. Depends on what bad things on your report.

Re: CC for not so good credit.

lithium78 — Mon, 16 Jan 2012 19:28:50 GMT

I've had pretty much every rebuilding card a person can get. Here are the unsecured cards I got for rebuilding:

First Premier (First Premier) -- Don't even bother. Honestly, just ignore any offer from them.

Credit One Bank (Credit One) -- Credit limit starts low and is increased in $100 to $150 increments over time if you pay their $19.95 CLI fees. No grace period. Interest accrues daily, which is a real pain. $99 AF divided into monthly payments. No rewards.

Orchard Bank (HSBC) -- Low credit limit (Mine is $900 after four and a half years). $79 AF. No rewards.

Direct Rewards Discover (HSBC) -- Very low credit limit. (Mine stayed at $300 for three years before I cancelled the card.) $59 AF. Rewards program: 1 point per dollar. Points can be redeemed on the Direct Rewards website for merchandise.

Best Buy Reward Zone MasterCard (HSBC) -- Low credit limit (Mine is $900 after three and a half years). $59 AF. Rewards program: Earn 4 points per dollar at Best Buy, 2 points per dollar for dining out, and 1 point per dollar for all other purchases. Points can be redeemed for Best Buy certificates.

Capital One Platinum (Capital One) -- Credit limit grows to a decent level with the credit steps program, but then stops and never grows again. (Mine started at $300, then jumped to $500 after 3 months, and then to $1800 after a year at which it has remained for another two and a half years.) $39 AF (or $3 monthly membership fee depending on what they offer you.) No rewards.

I didn't include the interest APR, because they are all astronomically high and it's best to PIF when you are rebuilding anyway. Hope this information helps you with your decisions. Don't worry. Rebuilding cards really do eventually lead you to being able to get prime cards.

Re: CC for not so good credit.

2NE1 — Mon, 16 Jan 2012 23:22:39 GMT

@lithium78 wrote:
I've had pretty much every rebuilding card a person can get. Here are the unsecured cards I got for rebuilding:

Direct Rewards Discover (HSBC) -- Very low credit limit. (Mine stayed at $300 for three years before I cancelled the card.) $59 AF. Rewards program: 1 point per dollar. Points can be redeemed on the Direct Rewards website for merchandise.

Best Buy Reward Zone MasterCard (HSBC) -- Low credit limit (Mine is $900 after three and a half years). $59 AF. Rewards program: Earn 4 points per dollar at Best Buy, 2 points per dollar for dining out, and 1 point per dollar for all other purchases. Points can be redeemed for Best Buy certificates.

I had no idea BBRZ MC was poor score friendly. I am in the process of rebuilding as well, I already have a CapOne and Orchard CCs... would you recommend I apply to this card? or try a CU card instead? *sigh* it would be nice to find a VISA one since the two I just got are MC.

Re: CC for not so good credit.

lithium78 — Tue, 17 Jan 2012 00:07:57 GMT

@2NE1 wrote:
@lithium78 wrote:
I've had pretty much every rebuilding card a person can get. Here are the unsecured cards I got for rebuilding:

Direct Rewards Discover (HSBC) -- Very low credit limit. (Mine stayed at $300 for three years before I cancelled the card.) $59 AF. Rewards program: 1 point per dollar. Points can be redeemed on the Direct Rewards website for merchandise.

Best Buy Reward Zone MasterCard (HSBC) -- Low credit limit (Mine is $900 after three and a half years). $59 AF. Rewards program: Earn 4 points per dollar at Best Buy, 2 points per dollar for dining out, and 1 point per dollar for all other purchases. Points can be redeemed for Best Buy certificates.

I had no idea BBRZ MC was poor score friendly. I am in the process of rebuilding as well, I already have a CapOne and Orchard CCs... would you recommend I apply to this card? or try a CU card instead? *sigh* it would be nice to find a VISA one since the two I just got are MC.

CUs will give you the best interest rate if you qualify. Some CUs have rewards programs too. The BBRZ MC is pretty decent for a rebuilding card. The rewards rack up pretty quickly and they are pretty good if you shop at Best Buy a lot. I used my certificates to buy DVDs for my family for Christmas this past year.

Re: CC for not so good credit.

2NE1 — Tue, 17 Jan 2012 01:17:01 GMT

@lithium78 wrote:

CUs will give you the best interest rate if you qualify. Some CUs have rewards programs too. The BBRZ MC is pretty decent for a rebuilding card. The rewards rack up pretty quickly and they are pretty good if you shop at Best Buy a lot. I used my certificates to buy DVDs for my family for Christmas this past year.

I'll give the CU a try! for the BBRZ MC, is there a pre-approval link? I Googled it but wasn't successful...

Re: CC for not so good credit.

Anonymous — Tue, 17 Jan 2012 01:51:29 GMT

If you're above about 600 on EQ you could try applying for the Citi Platinum Select. It's not subprime but can be easier than other prime cards. The Amex Zync might also work if you're above about 620 on EX, maybe with a $500 limit for the first few months. Of course, YMMV.

I don't need to tell you to avoid First Premier like the plague. Capital One seem to be the most common subprime card, but they are notoriously stingy with CLIs - that $500 limit might still be there in 10 years.

Mike

Re: CC for not so good credit.

lithium78 — Tue, 17 Jan 2012 02:11:30 GMT

@2NE1 wrote:
@lithium78 wrote:

CUs will give you the best interest rate if you qualify. Some CUs have rewards programs too. The BBRZ MC is pretty decent for a rebuilding card. The rewards rack up pretty quickly and they are pretty good if you shop at Best Buy a lot. I used my certificates to buy DVDs for my family for Christmas this past year.

I'll give the CU a try! for the BBRZ MC, is there a pre-approval link? I Googled it but wasn't successful...

Hmm, the application link seems to be down right now. They are probably still transitioning from HSBC to Capital One, since Capital One just bought HSBC's credit card operations. It will probably be back up and running again soon.

Re: CC for not so good credit.

LS2982 — Tue, 17 Jan 2012 03:38:25 GMT

@Anonymous wrote:
Hello board-
Anyone have suggestion on what type of cc I should get? My credit isn't that good but I am trying to rebuilt it

Can you fill us in on your credit file?? Any Baddies???

INQ's??

Current cards?

If you know your EQ/TU FICO's fill us in too!!

Re: CC for not so good credit.

Anonymous — Tue, 17 Jan 2012 03:39:53 GMT

@lithium78 wrote:
@2NE1 wrote:
@lithium78 wrote:

CUs will give you the best interest rate if you qualify. Some CUs have rewards programs too. The BBRZ MC is pretty decent for a rebuilding card. The rewards rack up pretty quickly and they are pretty good if you shop at Best Buy a lot. I used my certificates to buy DVDs for my family for Christmas this past year.

I'll give the CU a try! for the BBRZ MC, is there a pre-approval link? I Googled it but wasn't successful...

Hmm, the application link seems to be down right now. They are probably still transitioning from HSBC to Capital One, since Capital One just bought HSBC's credit card operations. It will probably be back up and running again soon.

I thought it was a permanent change of no longer offering the BBRZ MC but if they do offer it in the future I will apply with excellent credit

Re: CC for not so good credit.

Anonymous — Sun, 22 Jan 2012 04:32:41 GMT

You can apply here:

http://www.bestbuy.com/site/null/Credit-Cards/pcmcat102500050032.c?id=pcmcat102500050032

Re: CC for not so good credit.

2NE1 — Sun, 22 Jan 2012 04:41:31 GMT

@Anonymous wrote:
You can apply here:

http://www.bestbuy.com/site/null/Credit-Cards/pcmcat102500050032.c?id=pcmcat102500050032

Yes, but that's the store card... I wanted to see if I was pre-approved for the Mastercard, if you click on the BBRZMC it takes you to manage your acct online... not to apply for the card *sigh* thanks though!

Re: CC for not so good credit.

LS2982 — Sun, 22 Jan 2012 11:50:12 GMT

@Anonymous wrote:
Hello board-
Anyone have suggestion on what type of cc I should get? My credit isn't that good but I am trying to rebuilt it

NM already asked. Whats your file look like?

Re: CC for not so good credit.

jrd4013 — Wed, 25 Jan 2012 21:23:07 GMT

Hi all - I just applied for the BBRZ card and was approved for the Gold card with a $300 limit $59 AF and 21% interest rate. Not the greatest, but it'll do for rebuidling. I originally apped for the plain store card and was prompted to call the 800 number and was asked if I wanted to try for the MasterCard. I said yes and I was approved.

Re: CC for not so good credit.

learnin113 — Wed, 25 Jan 2012 22:09:15 GMT

@Anonymous wrote:
If you're above about 600 on EQ you could try applying for the Citi Platinum Select. It's not subprime but can be easier than other prime cards.

Mike

Nothing from Citi is easy, not even a gas card. Ask me how I know

Re: CC for not so good credit.

Anonymous — Wed, 25 Jan 2012 22:11:47 GMT

@learnin113 wrote:
@Anonymous wrote:
If you're above about 600 on EQ you could try applying for the Citi Platinum Select. It's not subprime but can be easier than other prime cards.

Mike
Nothing from Citi is easy, not even a gas card. Ask me how I know

ok il bite,, how do u know this?