After reviewing all the available cards, I finally decided to submit an on-line application. Withing a week, I saw a credit for $250 popping up on my credit report, along with a $179 'setup' charge and $25 minimum monthly payment right away. Also, when applying online, DO NOT submit an application right away. I'll tell you why: after you attempt to close the page, a pop-up window opens up, suggesting to chat with a service representative and get a 'special' 0% APR for a year! So don't rush and you might save yourself from another charge - a 19.9% APR!
Does anyone know if having Macy's, Kohl's, and another dept store card + First Premier Gold is enough to start rebuilding credit? And, how long does it take to start seeing the score going up?
I agree with Interjack I would most definently look into orchard bank I think Credit card companies like these are totally rip offs
Comment Title: Just A Thought... From Interjackon 2009-03-18
The trick is once you get your foot in the door so to speak and can get other cards with no annual fees or any other fees for that matter, cancel this card and keep the better cards.
Comment Title: Building Credit From Aboss3on 2009-03-19
So, would it make sence to open up 1 or 2 more secured cards in order to speed-up rebuilding process? I tried applying for CapitalOne unsecured CC, and didn't get approved.
Comment Title: Can I Apply From MFLORIDOon 2010-05-23
this credit card helps to build your credit
Comment Title: Re: Can I Apply From Wandereron 2010-05-23
This credit card is a bottom feeder and is NOT worth the hard inquiry. Waste of time. The bank itself is not evn rated well as a bank.
You are better off trying the Citi Bank Secured Card, Bank of America Secured Card or even the Capital One Secured Card. They will grow with you. I am assuming that you may even need a secured card? You may not.
Others on this site will be able to offer even more advice.
Comment Title: Re: Can I Apply From Brianbrownon 2010-05-23
Yes, you are better off to go with a secured card like public savings bank, bao, capital one (less expensive).
I had FP and it while it did help my credit, I spent hundreds of dollars in fees.
Thanks for the compliment. But I do not have a financial background really, well not in credit management. However there are several members on here that are, and they give great advice by the way. I...
Personal loans are typically harder to obtain, especially ones with no collateral. It's very hard to get one from any of the major banks. You might talk to a local credit union and ask them what your...