Of the two choices, you're better off using a secured card. The last thing you need while rebuilding your credit is to pay off debt at a high interest rate. But it is essential that you choose a secured card that reports to the credit bureaus. Otherwise, your timely payments will not go towards rebuilding your credit.
- If I just filed for bankruptcy at the beginning of the year, when can I get another credit card to start building back my credit?
- I am looking to establish good credit so I can buy a home for my family. What kind of credit card should I start out with?
- I'm a 22-year-old female who makes about $1,000 a month. I have a credit union credit card with credit line of $500. I recently applied for a Lowe's credit card and was denied. I'm always on time with my credit card payments. What would be the reason?