Bank card or credit-builder card?

egyptiancotton

Hey guys,

Another question...

As you probably know from the number of posts I've made in the past few days, I'm looking to build up my credit rating.

I've been offered a credit card from my bank, HSBC. Would this be better suited for building up my rating or would a credit-builder card such as Capital One's Classic or Barclay's Initial be better suited?

Thanks

KingElvis

I would always go for one with your bank. It will have a better interest rate and a higher credit limit.

You could always apply for a credit builder card too so you don't look like a one trick pony.

book12

Looks like you have been pre-approved for a credit card. I would take their offer.

Some people don't need a 'credit builder' credit card to start off.