Been looking around for sub-prime cards to rebuild my credit history and so far I have been given these options: Bank One:200.00 deposit FCNB:100.00 deposit Amex(optima secure):200.00 dep Sterling:200.00 deposit Chase:300.00 deposit Wells-Fargo:300.00 deposit Future Card:250.00 deposit Chevron(credit builder):200.00 1st Premier:see sudject below I want to get at least two of the above and the Chevron,but need to know which are the better including generous increases and customer service. I don't want to make a mistake and end-up kicking myself in the azz. I am taking this decision serious because this will depend on my future livlihood. Thanks for any suggestions.
Amex Optima should definately be out as they don't even report your history to the credit bureaus. I believe Wells Fargo reports the card as "secured" which should be avoided if possible. The Future & Premier cards have a lot of fees attached, but I have heard that their customer service is good. I'm not sure about Bank One. I think your best choices would be FCNB & Chase. I think they both have superior service & I know FCNB is fairly good with their increases. Many people have posted that after approx. 1 year (depending on payment history inside & out) they will likely unsecure your card & send your deposit back to you. I hope this helps you out. Good luck!
I Agree with that recomendation. FCNB should be one of the 2 cards you take, and Chase would be my next selection. I don't know about Wells Fargo, but I wouldn't be worried over the "Secured" report. Let's face it many loans are secured, and FICO won't score you less for it. If you live near a Wells Branch and feel it would benefit with your relationship (same goes for Chase) then get that card!
Capital one $49 or $99 for $500 limit is the best bang for buck. They gave me a $500 limit, raised to $600 2nd month, not fast on credit increases but honest, helpful 24 hour support, online-support (ie secure messenging for credit increases problems etc), online statement and bill paying! After having that for 6 months, Aria approved me. My cred sucks more than yours.
I agree with the others, I would like to add something to the facts about 1st Premier and their fees. They charge a $50.00 annual fee plus a $6.00 monthly fee, so basically it costs you $122.00 a year to do business with them, and they are really tight with limit increases. So I would suggest one of the others or maybe a Providian Classic which is unsecured. I got approved for one with some really bad credit from medical bills. I had several civil suits on my report (paid) and several collections. I mean not the ARIA card but the Classic card (blue card). Just a thought you might want to check out. bg
