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Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » I had decent credit in the past but ruined it with the Ulta Beauty’s Ultamate ...

I had decent credit in the past but ruined it with the Ulta Beauty’s Ultamate Rewards credit card. The card went to collectors but it is paid now. I am looking for a credit card that will approve me to rebuild my credit, can you advise?

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Leo Zhu

You have two options to go with: the first is an unsecured credit card for people with bad credit, and the second is a secured credit card. It is easier to qualify for a secured credit card when your credit is bad because secured cards require a security deposit. Also, secured cards often come with low interest rates and fees, which is important if you are going to carry some balance on your new credit card. As for unsecured credit cards, they are a bit harder to qualify but they do not require a down payment. They may have application or processing fees, though. You can compare both types of credit cards to see which is the best option for you.

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