Comments on: What credit card would you recommend for someone trying to re-establish good credit history?

By: suzypeaks

suzypeaks — Thu, 30 Apr 2009 02:04:46 +0000

i would get one from here

By: echo

echo — Sun, 26 Apr 2009 01:05:58 +0000

Depending on how long ago you canceled your cards, and the standing on the cards when you canceled, you might try to see if they will rehab one of the cards.

You might go to the Bank of America website. They have a card selector that you can do that will not pull a hard inquiry for a recommendation. If you apply for a recommended card, then they will pull a hard.

Orchard Bank and HSBC also have the card selectors but they are not as prime as BoA.

Stay away from Cap One. They do not report your credit limit, only the amount that you charge. That will definately hurt your utilization and lower your scores.

By: teenriodoll

teenriodoll — Sat, 25 Apr 2009 13:55:55 +0000

Congrats, on your cleaning up your debt and your credit score. What you want to do is compare credit cards and the good news is there are many internet sites that will allow you to.

Check,, On these sites you can look and compare the credit cards that have no annual fee and a low APR. Also if you belong to a credit union, they have excellent rates. You may also consider doing a search for LOW credit card rates in search engines. USA Today does a comprehensive list every year.

I hope this helps you out.

Good Luck

By: justagrrlinnytoyou

justagrrlinnytoyou — Wed, 22 Apr 2009 23:15:59 +0000

Providian and Chase are horrible- they give you say…a $1500 credit limit…you charge it up because you’re low on money or lost a job or had an emergency, etc. Then, about a year later, after you’ve paid, and paid, and paid at your low introductory flat rate of say…7%, they send you, in teeny, tiny print, a notice that says you have to “opt out” by cancelling your account if you don’t want to pay upwards of 28% – 29% interest. They say they have a right to “ammend” your account if you don’t meet their payment preferences…say, you only pay the minimum payment or slightly above each month.

My recommendation? Go with American Express Green Card. Yes, there is a $59 annual fee, BUT, you have to pay the balance at the end of each month which prompts you not to charge it up. As well, every payment you make shows up as a positive on your credit report.

By: kyle b

kyle b — Wed, 22 Apr 2009 15:09:39 +0000

I wouldn’t recommend any credit card. They drag your credit down the worst. If you do get one, I would find one that won’t keep raising your credit line, because that is what gets most people in trouble. Not having a credit card at all doesn’t hurt your credit any. My feeling is just save up your money. When you use a credit card, you’re just spending money you really didn’t have to spend to begin with. Not enough people see this, and fall into the trap. Americans are way to dependent on credit cards.