This card is for building or rebuilding credit. Everything is explained up front if you just take the time to read their policies. I was granted a starting credit limit of $500 with a credit score of around 580. After one year, they will allow you to apply for a credit limit increase. They report to all three credit agencies; so get this card if you can afford the fees and interest rate. There is an annual fee. Use it sparringly and make sure you make at least the minimum payment monthly and you will see your credit score increase. The interest rate may be high but that's just the price you pay when applying for a no-frills starter credit card. Also, customer service has been good to me so far. Payments post to your account within 24 hours usually but it sometimes takes a few days for your available credit to reflect your payment. Website is minimalistic but gets the job done. Use this card wisely, correctly, and do your part and you shall reap the benefits of a higher credit score.
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This card should win an award for being the payday loan of the credit card industry. There are a couple other shady issuers like Credit One, known as "fee harvesters".
Reading Credit One's Cardmember Agreement will shock you - unlike all the other credit cards in the industry, they begin charging interest the moment a charge posts to your account. WIth most credit cards, you have up between 30 and 55 days before being charged interest, but not with Credit One. They have horrible customer service, no benefits, and target sub-prime (read: poor) individuals with credit offers. There's no way out of the annual fee except to cancel the card, which trashes your credit.
Avoid this AT ALL COSTS. Apply for a Discover It Secured or Capital One Platinum Secured card. If you get this card, you will pay dearly for it. Your purchases will all cost exorbitantly more because of interest, and you will be hit with fee after fee after fee. Want to increase your credit limit? There's a fee for that.
This card is among the absolute worst. Do not get it. DO NOT.
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