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Originally Posted by DamLeon123
Hi to all. I have really bad credit and want to start rebuilding it. I got pre- approved for premier bankcard platinum mastercard. I know next to nothing about how credit cards work or how to build up credit. I would need to pay a $95 program fee in addition to a $99. It also said that there is a monthly fee but I wont be charged in the first year and that the annual fee wont be charged until the second year.
I really want to start rebuilding my credit but is this offer worth it.
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download the app credit karma so you can keep track of your credit. Then try to open 1-3 cards a year that have no annual fees. This will help with your credit utilization and credit limit. make sure you pay off all your bills on time. I have about 12 personal credit cards, 7 business credit cards. I have all of them on auto pay and use 1-2 purchases on the 11 cards to keep it active. One of my card has a annual fee (chase sapphire) and that's the card I use for almost everything.