Credit cards

After the episode of our bankruptcy few years ago, we never thought we will be able to apply for credit cards.   Both our credit scores were so bad, it was practically down to the 200s.  We received a lot of credit card applications promoting the 0% APR balance transfers.  We went to a seminar for folks like us 3 months after.  The program encouraged bankruptors to apply for secured credit cards to rebuild our credit history.  Not all banks offer secured credit cards, though.  Another type of application we need to avoid are those credit cards with cash back progams.  This is a reward program that offers cash back or rebate incentives and it usually requires a good credit standing for approval.

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