Credit Cards to Build and Repair Credit

Credit Cards to Build and Repair Credit Credit Cards to Build and Repair Credit by http:www.articledashboard.comprofileBigZ17677BigZSecured Credit Cards Secured credit cards are available to almost any individual. Thats because they require a security deposit which guarantees your credit line. For example, if you deposit 300, youll receive a credit line of 300. This may not seem like a true credit line, but the charges you make with a secured credit card will be reported to the 3 major credit bureaus, and timely payments will show a positive track record on your credit report. You can use this to your advantage to build or improve your credit history! In time, you can move on to a better credit card offer with no security deposit, lower fees and a better interest rate. Unsecured Credit Cards An unsecured credit card is a traditional form of credit card which requires no security deposit. Your interest rate and credit line are based upon your credit history. Although most unsecured credit cards are out of reach for many people with poor no credit, some credit card companies offer unsecured credit cards designed specifically for these individuals. Normally, these credit cards have higher rates and additional fees when compared to standard unsecured credit cards, but they do no require a security deposit like secured credit card offers. Prepaid Credit Cards A prepaid credit card is like a prepaid phone card. They operate on a pay-as-you-go basis and can be used anywhere credit cards are accepted. They offer many benefits, and in most cases, are very easy to use and operate. But be aware, not all prepaid credit cards report your activity to the credit agencies. While you may benefit from the safety and convenience of not carrying cash, you wont be building or improving your credit if the prepaid credit card company doesnt report your activity to the major credit bureaus. Luckily, many prepaid credit cards report your credit card activity or offer this option for an additional monthly fee. To see a complete list of secured, unsecured, and prepaid credit cards, please visit: http:www.wowcreditcards.com - WOW! Credit Cards. For additional articles and extensive resources for everything you need to know about credit cards, please visit us at