What is a good credit card to get?

Question

For someone who has fair credit and has had credit established for only 2 years. Im trying to raise my score the only thing I am able to get is department store cards and im working on a deposit for a BofA secured visa

Answer 1

Well, it seems like you got it figured out already with the B of A secured Visa. Besides myself, I know 3 other people that have gotten one, and ended up with not only better cards when it converted, and imporved credit. 2 of them as a matter of fact, was in a similar credit situation as yours, and one of them had major baddies (like a repo). What worked for me when I had one was I made tiny purchases (max $20) pay it in full on time every month, and increased the deposit as often as I could, when I first got the card over the next 9 months. Once it converted, I not only kept my credit line that I matched with the deposit, but I got the deposit back as well. 2½ years later, I got an even better card with a higher limit. All you really need is one good CC with a high limit, that's why it's important to boost the limit by adding to the deposit, you'll have to go into a branch and talk to a personal banker for that.

Hopefully this will help!

good luck!

Answer 2

I would apply for a card with rewards, that way you build credit and collect some type of points for doing it. Check out these two sites you will be able to compare them all side by side on rates, fees and rewards.

http://www.fastcreditcardapprovals.com/

http://www.fastcreditcardapprovals.com/

Answer 3

Try to build credit without credit cards.

Just take credit and pay it in time, and your credit score will be set. To avoid common mistakes while buiding credit, I recommend this one - http://creditreport.undonet.com - to monitor changes in you score and pre-estimate future scores for different scenarios of payments.

Answer 4

Any credit card that has a low interest rate would be the best.  I have had good luck with MasterCard and Visa.