I have terrible credit. Low 500's. I was approved for the Aspen MasterCard. Is it really worth the high fees?
925900
It does seem like an utter pi55take to me - bad credit rating or not, they might as well just tell you to deposit the $300 with them and be done with it.\n\nIf this is the best deal you can find then my suggestion would be to take the card, but clear the balance IN FULL every month. If you cannot afford to do so, don't put it on the card.\n\nif you can manage to do this, things will happen:\n\n1st off - you will find after a few months your credit limit is increased a little. Perhaps not by a lot, but it will increase\n\n2nd, you start earning browny points on your credit file again, make sure yo do not default on the card and in 11 months time start re-applying for cards, there is a good chance then, that you can dump Aspen.\n\nRunning your current account (checking account I think you call it over the pond) properly and paying on time will also start to give you plus points too.\n\nCredit files are NOT impossible to put right but it can take a little while.\n\nAs for constructive criticism, I reckon you have heard enough of that perhaps already. All I would suggest is try to only charge to the card what you can manage to pay off in full - it helps build your credit rating faster than paying minimum balance. It also saves you being ripped off on interest.\n\nRegards\nMark
18884
There is not one who is actually better. i would stay away from American Express, They have lousy customer service and they hardly ever work with someone to lower interest rates.  On that note, Visa and mastercard are trademarks. It depends on the bank that they are issued from. Capitol One seems to be the front runner now, they have low interest rates and they do not charge outrageous late fees, they have a 10 day grace period before any fee is assessed. I hope that helps. I went by my own personal experiences.
279902
it is a very competitive business. watch for hidden extra fees and charges. shop around, check the internet and negotiate with the one you feel comfortable with, using the prices you have found elsewhere.\n\nFirst Data Corp was the big provider when I used to do Credit cards.
1137400
from one credit to junkie to what may be another, save yourself! cut up your cards, all but one. if you make minimum payments, a 5000 card turns into a 30 year, almost 25000 debt, a huge profit for the card company. Please don't get more! \nIf you really need more credit, there are numerous places to apply on the Internet. just answer a few surveys and then you get a few free gifts as well as an application. Best of luck to you.
33893
I would personally stay away from any type of credit card with bad credit.  The credit card companies may qualify you but at a higher rate. The temptation may be there but the best plan of action is to either pay for the purchase up front.
946831
If you have a bank account, you may consider asking your bank for a credit card.  They may require that it be secured, which means you would have say $500 in an account that you couldn't touch, and you would be borrowing against that money and paying it back.  Then use it for gas and groceries and pay it back every month.  After a while (six months or so) you can apply for a real credit card, they will see you can pay, and will probably say yes and offer you a higher credit limit. As long as you use the cards, but don't really appear to need the cards, they keep raising your limits. For credit scores to be good once you get your cards, you don't want to have the cards charged up above 30% of the total value.  Stay away from Capital One, they do more injury than good to people's credit scores.\n\nYou can also try jewelry stores and electronic stores if they have anything you want to buy.\n\nThere are other ways too, but they take some major explaining. So if you are curious, email me and I'll respond.  Part of how you better your credit has to do with why you want it improved. What is your goal and why?
643642
Get a secured one. That is one where you have to make a deposit into a special account and then as you use and pay the card you re-establish your credit. It is a lot safer than getting one with a really high interest rate(19-29%) that I might add is compounded daily. Also for good reference, it is better to pay it all off as you charge rather than carrying the balance forward that's how they make all their money on you only paying the minimum due.\nGood luck with improving your credit rating.
1005953
If you are looking for a credit card with low fees  might i suggest that if you have a bank account that maybe you should try there first if that doesn't work i would  think Capital one has a decent card but they do have a membership fee  i think \nBest of luck on your search
628442
It all depends on how bad the bad credit is and how old it is. If its very recent, you'll have to wait for some time, perhaps an year. As it gets older, it becomes less significant, especially if you have even one credit account that is current. If you do not, your best option is to open a small limit secured card perhaps from Capital One. I recommend them because they charge no fees. Use it for $20 a month and pay it off when you get the bill. Each month you pay them, your credit rating will be improving.\n\nP.S. You have a beautiful baby. I wish you best of luck!
415563
I have horrible credit myself and couldn't even get a credit card. However, I could buy a car at one of those buy here pay here places that does in house financing. I have the payment taken directly out of my checking account and I'm sure once I pay off my Cadillac, my credit will be somewhat ok. The interest rate sucks but it is well worth it to repair my credit. If I don't I will never be able to buy a home. Even try one of those rent a center places.
226886
It is better to call your Credit Card Company to ask for lower payments then sending them a letter. You get results a lot faster!!!!!
571444
Please don't do that...you would be paying fees and not getting to borrow money like on a regular credit card (they actually shouldn't call it a credit card) You should open up a checking account instead..you will still be building credit, most banks have visa or mastercard logos on there debit card, and you won't be paying as much in fees. \n\nIf you really want a credit card, but can't get a regular one, try a secured credit card.
784796
DO NOT GO WITH CAPITAL ONE!! they hit you with all sorts of fees if you miss one payment they slam you with a $29.00 fee. go to the bank that you(or he) does the banking with and ask them what would be the best way to get his credit up and running. it may be a personal line of credit or it could end up being a credit card.
599160
I just got a Capital One card for my first. I have no credit, so the APR is super high (19%), but it has no Annual fee, so if I only use it for small purchases that I pay in full when the bill comes, I will not have to pay anything extra and I still get to build my credit.
425645
The best programs are from Wells Fargo & Bank of America. They have low annual fees, no application fees, no maintenance fees, and lower interest rates. They are available in all 50 states. Both Wells Fargo and Bank of America report their accounts to all 3 credit bureaus.\n\nStay away from the "Sub Prime" crap like First Premier, Aspire & Orchard Bank. They have lots of hidden fees.\n\nYou can review lots of programs at www.bankrate.com\n\n\nGood Luck
132971
Check the smaller banks. I have terrible credit and still have a checking account, visa check card, and overdraft protection.\n\nI found out really quick when I opened my account that the smaller "Mom-and-Pop" banks don't check your credit. The big ones will almost alway deny you or offer you some sort of crappy account that isn't worth it.\n\nI use a bank called City National. If they have them in your area, you might check them out.
126822
Get one that makes you pay in full every month (like American Express.) And use it only if you can pay it off every month. Otherwise it is a black hole that will suck your financial house dry. You absolutely must set limits for yourself. People get in $30,000 to $100,000  without even noticing. And don't fall for the transfer for 0% scheme. The first time you are 1 day late the rates go to the maximum (over 25%).When you buy on credit you pay more for what you are buying. Why pay more?\nTo establish good credit have no more than 2 credit accounts, never ever be late with a payment, and pay off as soon as possible (not the minimum payment--you'll be a slave to it for the rest of your life). If you do that it makes sense to have credit so you have a good credit rating for big purchases like a car or house that you cannot pay in cash. But the less you spend on credit the more you have to spend without all the interest--or better yet, talk to a financial counsellor or just save in an interest free retirement or investment account. No matter what your age.