Whats the best credit cad for rebuliding credit?

Question

i want 2 rebulid my credit, i dnt want to keep applying for diffrent cards cause it will ding on my credit score! so whats the best card for a credit score thats 525 :(

Answer 1

There is no best card.

You have a low score.

To rebuild credit, first and foremost, you need to take a break from doing anything.  You might not want to read this, but the best thing for you to do is give your credit score a break.  Don't open new accounts, close accounts, or do anything else for a year.

Pay your bills on time.

In a year, you will have a better score.

Getting cards will hurt your score because the card options for people with that low of a score are bad.  FICO knows that and your score will go down.

SECURED CARDS HURT MORE THAN THEY HELP.  DON'T TAKE ADVICE FROM PEOPLE WITH BAD CREDIT.

Answer 2

listen to dave ramsey about credit cards. Paying your utility/ cell phone bills on time will improve your credit score overtime.  

Read Total Money Makeover, or don't and be in debt for the rest of your life.

www.daveramsey.com

Answer 3

Look for a secured card.  That means you have the cash to put in a savings account that the bank holds and issues you a credit card against.  You can make small charges, pay the bill in full every month and rebuild your credit.  It also keeps you in check because you won't have a high limit (unless you have a lot of money to let them hold!).

Good luck.

Answer 4

I started to build mine with a secured card from my bank shortly after finding out that me paying my cell phone bill on time meant nothing to my credit report.  I put $300 into a savings account for the card and and stayed on top on my payments.  Nothing late, paying more than minimum and paying it off every few months, then starting over.  After a year or so, it went to unsecured status, I got the $300 back and asked them to change the card to one that didn't have an annual fee.  They did that under the condition that I never defaulted the account.  I have never defaulted that account and never gotten the annual fee charged.

I was under the impression (at 18) that the bills I paid to my cell phone company, the utilities and such would reflect positively on my credit score.  I was shocked when I got my first report that had none of those things on there.  They only report if you default and go into collections. (In my experience)

Answer 5

You can rebuild your credit by paying your bills online, apply for a secured card or credit card for people with bad credits. http://bestcreditcardratings.com/secured

http://bestcreditcardratings.com/bad-cre...

Answer 6

There is none.

Credit cards are death and despair built out of plastic.

At 525 you will pay 21%.

The way to good credit is to pay your bills on time every time.

Once you've done that take out  a small secured loan at a credit union, and pay it back on time.

Answer 7

Here is a guide on what makes you fico score and how to improve it....