What are some good credit cards to get with bad credit besides pre paid?

Does anyone know of a Pre Paid credit card that builds credit?

  • I searched for bad credit credit cards and it came up with a list of prepaid cards, but I called one of them and they said theirs didn't build credit......I could apply for one of the rediculously high interest, low credit line cards, but they all have these "no up front cost" claims, and then the fine print says "one time fee of $195" or something to that effect. Bottom line, I'm poor and don't want to pay $195 for a one time fee and get a $55 credit line.....Pre paid card sounds good and all, but I want one that builds credit.....

  • Answer:

    Pre paid credit cards are simply ATM cards...you've created a bank account, and the card allows you to draw on the funds you've deposited. They do not affect your credit at all. The only way to build a good credit profile is to use credit, and use it wisely. I'd start with a couple of department store credit cards (Sears, JC Penny, like that...) make small purchases, and make your payments on time. Don't just pay them off at once; the creditors are watching to see your PATTERN of payments. A couple of years of that, and you'll be well on your way to great credit. Good luck.

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Prepaid cards won't build you credit. I have listed a source at http://www.bad-credit-credit-card-for-people-with-bad-credit.info/ that contains a free consumer list of secured and unsecured credit cards for people with no to bad credit. This should help you pick the right credit card for your situation.

smarttrader101

prepaid credit cards are becoming increasingly available, and it doesn't matter if you have had financial problems in the past. Although known as 'prepaid credit cards' these latest cards are in reality a form of debit card. There is no credit offered, just the advantage of being able to use plastic rather than cash. This is helpful for transactions on the internet, booking holidays and hotels and transferring money. Application process Applying for a prepaid credit card is easy as there are no credit searches necessary, because the card providers are not offering you credit! The application is usually fairly quick and simple and in some cases the card issuers offer 100 per cent acceptance - you don't even need to be 18 with some companies. Prepaid credit card uses Not only can a prepaid card enable customers who find it hard to get credit, but this type of card can help you take control of your finances, if you have found normal credit card interest rates too high and the balance offered too tempting. You can be confident that you will stick to your budget with a pre-paid card, as you are the one who sets it by deciding how much to top-up your card with! Apply online for a best prepaid credit card at: http://www.credit-card-gallery.com/PrePaid_Card.html

abby fth

Think about it....A prepaid credit card is not a credit account. None will help you build credit. Sign up for an Orchard Bank credit card to do that.

SexyTrojan

There's a few prepaid cards that will help you build your credit. Of course, you'll pay a little extra to enroll in these programs-- but unlike most prepaid offers, they'll report your card activity to the major credit bureaus. Take a look at the BuyRight Prepaid Mastercard, and the Eufora Prepaid Mastercard here: http://www.asapcreditcard.com/prepaid-cards.html These 2 offers have special programs available to help build / improve your credit. Hope this helps. GOOD LUCK!

Jeremy P

Hi! Eufora is questionable...I would be very careful with their so-called "credit builder" program...it costs quite a bit extra...and I don't think it is worth it. It sounds to be like you need to consider getting a secured card with low fees. Orchard card comes to mind..as does US. Bank's secured card.

Bryon H

Though prepaid credit cards resemble debit credit cards a lot, the two are vastly different. When you use debit cards for any purchase, your shopping will be automatically debited from your bank account. On other hand, the purchases made with prepaid cards are deducted from the balance present on the card. The prepaid cards offer various benefits like: Interest-free purchases People with a bad credit history are eligible to apply for a credit card. The credit limit varies according to the balance available on the card.

See Saw

Your going to the wrong place to make your applications. Check credit at my profile. These vendors are very fair in how and who they issue a card to. There's even one lender who will guarantee a card. Beat that. Personally I took the international card as my exchange rate is better and fluctuates daily.

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