Choose the right credit card to rebuild your credit after bankruptcy
Most Americans are clueless as to how to rebuild credit after having filed for bankruptcy in recent years. The perennial question that is on everyone’s mind is – which credit card is good in order to rebuild credit after filing for bankruptcy?
Most individuals are in a dilemma as they don’t want to end up applying for the same cards and get multiple rejections. The ones with a poor credit history do not want to get exploited by the subprime cards that charge exorbitant interest and sky-high fees.
Sometimes people are even scared to apply for a new card due to the problems they have faced in the past. However, one must understand that, one must not allow past fears and mistakes to take over under these circumstances.
The first thing that one must do is to shop around for a good credit card deal, and use the comparison sites online – like creditcards.com or cardratings.com.
One good suggestion that has come forward is the Orchard Bank Secured MasterCard, which is basically issued by HSBC and is supposed to have a host of interesting features, and is especially meant for those with bad credit or no credit. It is for those who wish to improve their credit rating.
The yearly fee on this card is just $35 and that too is waived for the first year. The variable APR (tied to the prime rate) is at 7.9% at the moment.
Latest Bad Credit Card News
Credit cards allow you to pay for everyday or large purchases and have a small window to pay them off. All purchases made during the billing period of 28 to 31 days are added to your statement balance. After the end of each billing cycle, you receive a statement with your total balance owed and […]
If you have less than a perfect credit, a limited credit history, or recent derogatory marks on your credit report, you may have trouble applying for many of the credit card options currently available on the market. But there is another way to prove that you can handle credit responsibly: a secured credit card. Since […]
On the threshold of the most romantic holiday, WalletHub published the results of the so-called Valentine’s Day Spending Survey. 1,000 men and women from across the U.S. participated in the poll. The questions concerned not only the expenses and expectations before February 14, but also how the financial situation may affect a relationship. The most […]
The numbers of co-branded credit cards have grown again. It seems that any more or less large company now strives to launch its own credit or at least debit card. Just remember the Apple Card. This time it’s Verizon’s turn. Starting today, June 26, its new Verizon Visa Card is officially released and available for […]
As a new online Bankrate survey of almost 2,5 thousand respondents shows, 84% of Americans face financial product denials. The bigger part of millennials (22-36 years old), namely 58%, was rejected for a credit card or another credit product at least once. The reason is their bad credit score.
