Racism 101: Are you a Racist?

You’ve discovered that you have not so great credit and you are in a place where you are ready to rebuild your credit. You want a credit card. 

Things that you should expect:

• A higher interest rate
• Possibly, an annual fee
• Possibly, a start up fee

You already know how I loath fees but in some cases, it’s hard to get around them. No matter how bad your FICO score may be, you shouldn’t let this stop you from applying for cards that don’t have these fees attached. 

Here’s the thing though, you have to be honest with yourself. Don’t apply for an American Express card when you know you have bad credit. The best way to do this, is to find a site that allows you to compare your options. 

One of my favorite sites is Bankrate.com. 

This certainly isn’t the only website that has the comparison option but I like it for two reasons. First, they don’t just deal in credit cards. The help you get information on mortgages, general banking, insurance, auto, investments and financial planning as well. Second, when you are looking up something on this site, it gives you different types of options to chose in how you search.

With credit cards, if you go to the “Credit card” section, then to the “Best Credit Cards” section, on the right of your screen, you’ll see all the different options you can use to search for a card that is right for you:

As always, expect the worst and hope for the best. Remember to pick cards you believe you could actually get and do not apply for more than one at a time. Wait until you get your denial before applying for another card.