ok what do we know about all these cards.
annual rate, monthly fee, APR, requirements for approval...
annual rate, monthly fee, APR, requirements for approval...
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Im not an attorney or a trustee. You cant trust me either though!
[x] - Done with 341? Join the 60 Day Club! ___________[x] - Im Discharged! Whoo Hooo!
[x] - Poll: Should I File Pro-Se ____________________[x] - New BK Law: Median Income, Means Testing and Presumptive Abuse
[x] - Zombie Debt Collectors Dig Up Your Old Mistakes _-[x] - Bankruptcy Law Resource
[x] - Need A Fast Answer? Available 24/7!--__________[x] - Dont Be A Hero On Your Budget - You Wont Get An Award!
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Read the terms before you apply...Most of my information is from personal experience or HOURS and HOURS of online research. When you're searching online, keep in mind there is no guarantee that the info is completely up to date, and your situation is unique from anyone else's. Do your homework, and consult with an attorney so you can make an informed decision. -
Originally posted by StaciMM
Always and if you don't understand, or feel if you asked about a certian term, was not fully explained, DON'T GET THE CARD!!!
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Check the fees
Hi, I'm the Research Director for IndexCreditCards.com, the site referred to in your link.
The biggest thing to check with these cards are the fees, which usually range between $150-$250 in the first year and a bit less in later years. You usually also get a small credit line, $250-$300 or so, although that may increase if you pay on time and pay the card off instead of revolving balances.
They're not a great deal obviously, but they may be your only hope of getting a credit card if you have poor credit. If you do get one of these cards, be sure you pay off the cards completely each month, not just the minimums, and in a year or so try to get approved for a regular unsecured card without all the fees. (That is assuming that you've been on-time with your payments to other loans, bills, etc.) While another card will probably still give you a very high interest rate in the future, it will probably not come with all the fees these cards do. And if you get in the habit of paying off your card every month, the interest rate won't matter.
Thanks,
Justin McHenry
IndexCreditCards.comComment
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