Good Card If You Are Just Starting Out Your Credit History
First of all let me say that this is the first and only credit card I have ever had. I do know about other credit cards and their structure and fees though however, so take my opinion with those two things in mind. I only got this credit card so that I could start building my credit from scratch. I needed some credit in order to get a car loan and this was just the card that I needed to do that.
I would like to say that it has a low annual cost, I know a lot of cards do not but if you have bad or no credit then you have to be willing to pay for that opportunity. I don’t love this card because it is hard to upgrade from the secured version to an unsecured card and if you get denied, it’s not like you can close this card account down to find another because you shouldn’t close your oldest account ever and if you get this card it’s very likely that you do not have another line of credit. I would recommend this card to people who have no credit built what so ever and need to build it up to secure loans in the future. I only use this card for small purchases that I know I can pay off to increase my credit slowly. I’ve never gotten screwed with the rates, so if you were in my kind of situation then I would say go for it because this is a no frills basic starter card for people with no credit.