How can I get a credit card that I can use to get back on track with my credit history (very poor)?
Updated on August 28, 2012
If you are able to open a deposit it will be worth applying for a secured credit card. Secured credit cards are like a general credit card except one thing: you should pay a security deposit, a kind of collateral for a credit issuer. As a rule the security deposit is fully refundable which means that if you pay off your balance the deposit won’t disappear or shrink.
Also secured cards report your credit performance to major credit bureaus. Thus, if you make timely payments, do not skip or miss due dates, your credit history will be improving month by month.
User Comments about This Question
BROWSE MORE QUESTIONS ABOUT Bad Credit Cards:
Have A Credit Card Question? Ask Our Experts
LOOKING FOR A CARD?There is a credit card for any credit and for any purpose. Whether you want to start building your credit from scratch or earn rewards on purchases, save on gas or travel for free, you can find a good credit card offer for that.
COME GET IN TOUCH WITH US
Never miss a new article, review or a credit product. Follow us in social networks, leave comments, and share your thoughts. Subscribe to receive latest news and trending offers on the credit card market to find the credit card that will save you money and give you perks and rewards.
Please specify the following:All these fields are optional
Thank you for providing this information! We will make sure our letters are useful for You.