Credit Cards for Rebuilding Credit: TOP 3
UPDATE: The following post is outdated. Please view the updated terms for our #1 credit card for rebuilding or establishing credit – the Orchard Bank Visa Card.
Although the economy seems to be heading towards greener pastures, the amount of American’s still in credit card debt remains massive. According to the Nilson Report of February 2010 there are over 575 million credit cards in circulation throughout the United States which averages out to over 2.5 credit cards per person. On top of this, the average outstanding credit card debt carried per household sits at roughly $8,000 with an average APR of above 14% paid on this debt. And although the amount of new credit cards being issued has tightened since the recession began, we still found it necessary to highlight the TOP 3 credit cards for rebuilding credit. The top 3 offers are available nationwide, carry low APR’s as well as promotional intro APR’s and/or balance transfers. They also report to all of the 3 major credit card bureaus and accept consumers with less than ideal credit scores.
Top 3 Credit Cards for Rebuilding Your Credit Score:
1) Public Savings Open Sky Secured Visa – (PLEASE NOTE: The following terms and conditions are outdated. Refer to the link at the top of this post for updated offer) 0% APR on purchases for 6 months. No annual fee or monthly fees. Reports to all 3 major credit bureaus. Lifetime credit lines up to $10,000. 25 day grace period. Free fraud protection against unauthorized use. No penalty APR. Use the card everywhere you see the Visa/Mastercard logo.
2) New Millennium Bank Secured Platinum Card – Reports to all 3 credit bureaus. No credit check required. Approved regardless of credit history. High introductory savings rate. $3,000 bonus line of credit when you sign up for “My Computer Club.”
3) Horizon Gold Credit Card – Instant guaranteed approval. Initial $500 un-secured credit limit. No credit checks or turn downs. Reports positively to all 3 credit bureaus.
