Which Secured Card?

[Pbober]

Hello, I just started the path to credit repair...I just disputed my personal info for all three CRA's. In the mean time, I am about to apply for a secured cc. I think I am going with Public Savings.....any reason I should go with another? My other question is how should I use my card to maximize the affect on my credit score? Should I use it occasionally and then immediately pay it off when I get my statement? Or should I keep a little balance and pay more than the minimum each month? Thanks so much and have a great week!

[Game Plan]

I would recommend charging around 20% to 30% of your credit limit and paying the balance in full each month. You want be using the card on a regular basis while keeping the Balance/Credit Limit ratio low.

[Pbober]

My other question is that I recently got married. Her credit is excellent. Would it have the same effect if I was put on her cards as an authorized user? Would it have the same affect as if the card was in my name? If I could skip the hassle of the fees that would be fantastic! Thanks!

[tjdutch]

From what I've read, that is an excellent way to build your credit as long as you pay on time. It will report on your credit from what I've read. I too am trying to rebuild and was thinking of public savings bank. I might go with US bank and their secured card, they can upgrade you to another card in 12 months of good spending habits, but I read you need a credit score of atleast 680 to qualify? Orchard Card and Capitol One both have secured credit cards. Bank of America and WellsFargo are a little more picky when accepting secured credit cards, ie no bk or no collections.

[inquisitor2511]

I am new to this forum but have been lurking for sometime. I am also in the process of rebuilding my credit so that I can purchase a house. I went with Capital One's secured CC only because of the low annual fee and no fee processing fee. I've only had the card for a month now and it has boosted my score by 20 pts just by them giving me the card. I am trying the charge small and pay the entire balance off each month method. Hope this helps and good luck in your decision.