Answer: To rebuild credit using a card, you have to use the card responsibly and be sure the issuer reports transactions to credit bureaus.
The best cards for rebuilding credit are secured credit cards. These are relatively safe for banks, and they help you get up and running again. You’ll deposit cash at the bank, and you can "borrow" against your funds. If you don’t repay, they already have your money.
Be careful when rebuilding credit with secured cards. They tend to have higher fees than other cards - so building credit can be expensive. It may be worth it if you need good credit for larger loans (you’ll more than make up the difference on interest savings). Just be sure to move on to traditional cards as soon as possible after you’ve rebuilt credit with secured cards.
Learn more about the dangers of secured credit cards and building credit.
Be sure you always pay on time. When you're rebuilding credit, you have to show that you're ready and able to make regular payments.
