What credit card can I get to repair my bad credit?

Over the past 2 years I have made a lot of money, but I have terrible credit. I want to repair my credit. I don't have any credit cards and I have very little debt. I read that I should get a credit card to re-establish credit. I have the money to pay off the card in full each month. I am also a self-proprietor, so I was thinking about a small business credit card. Any ideas?|||Get a credit card from local bank and pay it in time. You also can use this service to avoid common mistakes while buiding credit and pre-estimate future scores for different scenarios of payments - credit-report-score.10001mb.com|||If you have bad credit and want to build it up, the best credit card would be a pre-paid one.


The VR-Tech Prepaid MasterCard is a prepaid card that allows cardholders to access funds deposited to an account. This prepaid card can be used to withdraw money or pay for goods and services.





Unlike a credit card, which extends a line of credit, prepaid cards are more similar to a debit card. Prepaid cardholders can only spend the money they load on the card. Since no credit is extended to prepaid cardholders, interest and overdraft fees are avoided. Most importantly make sure you find one that will report to credit agencies to improve your credit. I know the VR Tech Pre-paid card reports to credit agencies and most clients with bad credit sign up for it with no problems.|||Business cards don't have to follow the new card act regulations.


Get a regular credit card instead.





First go to your bank where you have your checking account.


You are established with them, and your chances will be greater.


If they turn you down go to Bankrate.com and click on credit cards.


Choose companies like Capital One, Citi, Discover, Chase.


Look for 1% cash back cards.


Their interest is higher, but you'll never pay it since you will be paying in full to develop great credit.





IF one of those also turns you down, you might have to consider a secured card.


I don't really like these.


Another option to develop fast credit is to make a Secured Loan.


You drop about $1,500 to $3,000 into a cd or a savings and you make a 1 year loan against it. Voila - credit established...|||I repaired my credit with a small open-ended loan. I put 1500 on it each year to pay off and repaired my credit in 2 years from a 450 to a 720.