Here are four credit cards that can help you to get rid of those villains, or start a great story, and build out a history so you can get to happily ever after.
You shouldthink of your credit history as your financial services’ Twitter account. Whenever you enter into a financialtransaction with a creditor like a bank or credit card company, theyperiodically tweet your account’s status update. These tweets are collected by the majorcredit bureaus building a history. Thathistory tells a story about how well you manage debt.
Lendersread over those stories to get a feel for you. Two things scare them most: villains and short stories. Maybe your story has a few big bad wolfs andCaptain Hooks. Or your story may have yetto start. Here are four credit cards thatcan help you to get rid of those villains, or start a great story, and buildout a history so you can get to “happily ever after.“
OrchardBank Classic MasterCard
The OrchardBank Classic MasterCard is geared toward helping people repair and build acredit history. This card reports to thethree major credit bureaus, so as long as you stay current on your payments,you will improve your credit score. Theinterest rate on this card will not be as high as some alternatives. You can use this card to make purchases andreservations. You can also convenientlyaccess your account online. Onlineaccess comes with courtesy email and text message bill reminders.
AccountNow®Prepaid Visa® Card
The AccountNowPrepaid Visa Card offers a convenient way to build a solid credit history. This card reports your activity to the nationalcredit reporting agency, PRBC®. The cardhas a monthly fee of $4.95. It providesunauthorized purchases protection, which is uncommon with prepaid cards. You can load up to $5,000 on the card per dayvia direct deposits and up to $950 per day if you are using with cash. The most amount of money you can store on thecard is $10,000.
Discover®Student Card - Tropical Beach
If you area student and limited history is your problem, the Discover Student Card - Tropical Beach is an option for you. This card reports to the major creditagencies, helping you to build your credit history. For the first six months, there are nointerest charges. Also, there is noannual fee, and you can transfer prior card balances. An attractive feature of this card is therewards program. As you make purchases,you can earn rebates from 0.25% to 1%. The benefits double when you purchase items from Discover’sparticipating partners.
VisionPremier Prepaid Visa Card
The VisionPremier Prepaid Visa Card helps you build you credit history every time youmake a payment. If you fund the accountwith a direct deposit, the weekly $0.95 fee is waived. However, there is an activation fee. There is no limit on how often you can usethe card. You can set up email and textmessage reminder alerts. A usefulbenefit of enrolling in this program is that it even comes with online billpayment and checking account features.