Great Card for Rebuilding Credit
This credit card has been a lifesaver because I had ruined my credit big time. With zero options for getting a traditional credit card after ruining my credit score after I hit some hard financial times, I had to look for something else like this. It is not a perfect credit card in an ideal world, but for my situation, someone who is trying to rebuild credit and needs a way to begin showing that on a credit report to improve their credit score, it is great for that.
The most important thing to remember about this credit card is that it should be a means of helping you improve your credit, not one that you have used like you did credit cards in the past, buying things you can’t really afford and paying off the minimum balance. You will want to pay off almost the entire balance each month you use it. If you carry a significant balance, you won’t put yourself in the best place financially. By keeping a low balance, you be able to maximize the effectiveness of the card. Plus, you won’t have to pay the fees associated with the high APR on this card. Pay the balance off earlier than you may be used to in order to guard against late payments and the fees that come with them. Sometimes the processing takes longer than you know it should.
In addition to helping with my credit, it’s made things a bit easier because I can use a credit card when I need to like for renting a car and placing a hotel reservation, something that was a struggle for the last 5 years when I had no credit card to speak of.