Total Visa

The Total Visa is an unsecured bad credit credit card. It was designed for individuals with blemishes on their credit report.

It reports to all the major bureaus monthly. With on time monthly payments you can start to build a positive payment history.

This is very important when your score is calculated. Your utilization ratio will determine another large part of your score.

This compares the amount of debt you have versus unused credit. It is how the bureaus determine if you can afford a new credit line.

It is estimated that these two factors alone determine 80% of your score. It can help if you can show available credit.

Removing negative credit should still be a priority and that will help improve your payment history.

There is an initial limit of $250 and an annual fee of $48. It has a 19.92% APR, and is issued by the Plains Commerce Bank.

There is a 19.92% APR for a cash advance, should you have a financial emergency. Also you will be eligible for a limit increase four times a year.

Recently good credit cards have been raising their interest rates even with customers that are paying on time. These rates have been jumping as high as 28%, without cause.

Law makers have responded however these new laws do not go into effect until 2010. We have also seen the lending institutions tighten their requirements for approval.

Your card will have fraud protection and free online account access. There is an instant approval when you apply online, and your card is accepted everywhere Visa is.

We do suggest the Total Visa it can be a tool to use when rebuilding a low score, by reporting monthly to the bureaus. It provides a second chance to many.