Secured Credit Card to rebuild credit

I used to work at a bank that offered them. They seemed to do a pretty good job. Just make sure you setup on autopsy the minimum payment. That way even if you pay it off every month you can never be dinged for a late payment if you forget to make a payment

The payment would depend on the balance normally with say a $25 minimum payment. Whatever it is secured with will have a dollar amount, say $500. Always make sure the payment is made on time even if you plan to pay it off two days later.

I had my first credit card and paid it off every month and had like a $100 balance. I waited two day to pay it off and in the mean time got a $50 late fee. They would not waive it so I paid it off and closed the card. Don't let that happen to you.

Depending on how bad your credit is it could take a couple years to get back on an upward trajectory. The most important thing you can do is make sure all your payments are on time for 24 months. That is a weighted contributor on your score

You can go get a loan but by having a card you are just having your deposit tied up. You don't have to use the card every month for it to report

It's not a bad idea to help establish credit. If you do "burn" them, they will just cash your security in and pay it off. A share secured loan is also a good way to go to establish credit.

already have a secured $200 card through Discover...I plan on paying it off in full by only using it to pay small bills like Netflix, Spotify, Apple etc. Maybe using it for gas as well.

That's good to know. I need that type of boost!