There is way to build your credit score to a more reasonable level and believe it or not it actually involves getting more credit! I know, it sounds ridiculous doesn’t it? But there is no better way to show credit card companies that you can and will pay them than actually doing it is there?..
The best one on the block at the moment is not surprisingly Barclaycard. Barclaycard seem to crawl to the top of the heap in all areas of credit cards don’t they? And there is little wonder they’re here tapping into the bad credit card market. There isn’t the potential to build a huge amount of money for them here, but they can perhaps build future customers who have learned their very important lessons in credit card spending.
Barclaycard Initial offers you most of the perks that come with a regular credit card, but those clever devils over at Barclaycard want to be veyr sure that you’re not going to miss your payments (certainly not more than once) so they’ve put a massive 27.9% interest on all your purchases. This is a good reason to pay off your balance at the end of the month in order not to get any interest at all.
They also offer you their brand new Barclaycard Freedom reward scheme that allows you to add cash to your credit card as you spend money on it. There no points to collect, no vouchers and no reward statements, you’ll simply see how much you’ve got on your Barclaycard each time you use it and you’ll be asked if you would like to use it towards your purchase.
Try this card out if you want to rebuild your credit score.