Really helps if you are responsible
My credit score was around 580. I decided I wanted to rebuild my credit, medical bills in collections didn’t help at all. I’ve never owned a credit card before, so I researched and decided on this card. In March '17 I deposited $99 and got a $200 credit limit. I upgraded my wife’s phone and used my credit card to pay for the insurance via autopay. Roughly $12 is taken out monthly. Keeping my credit utilization at 6%. In Sept. '17, my credit limit increased to $500. By that time my score was at 614. By late Sept. some debt went past the 7 yr. mark and fell off increasing my score to 625. I paid my bills on time and always kept my utilization below 10%. I requested for a limit increase, got a letter saying secured cards can’t get increases by request. I got a little impatient and figured more of a limit is good and read posts where applying for another card only drops your score around 4 points. I applied for the Cap One Quicksilver card (unsecured yearly fee) and was approved for a 200 limit. My score dropped from 628 to 609. I was irritated at first, but it was my fault for being impatient. Slowly my score has gone back up as of Feb. '18 my score is 631. My Secured platinum card has just became unsecured and the $99 deposit was credited to my card balance after 11 months. I will continue to keep my utilization low and this time be more patient. I hope to get a limit increase after the 1 year mark. My advice is keep your utilization low, set up an automatic payment that is under the 10% mark of your available credit and don’t use it for anything else. I look at rebuilding your score as if you crossed your spouse. You are sorry for what you did, you want them back but you have to regain their trust. It takes time and commitment to regain that trust. You have to show them the effort that you are worthy. Time and responsibility is the key to that. It won’t happen over night but you will eventually get there.