Created by Russell Simmons in 2003, the RushCard and BabyPhat RushCard have fast become a staple for building of new credit. Here is a card that will report on your credit report and build your credit, when everyone else is turning you down. Yes, the downside is it is a pre-paid card, however you run no liability with a card like this. Just use the card 1 time a month and it will reflect active. Pay it off every month and there you have it, a card that will show credit history without the liability or the crazy APR of a normal credit card. There is no extended line of credit.

Check out the new Black Diamond and Purple Diamond cards.

Remember you have to build time and keep the card balance under 50% of your current credit limit.

Anything you can pay with a credit card, put on this card and send the money the day you charge it. Keep the card active and make sure you are using it a minimum of 1 time a month. That way the card will show active current charges and payments. Even if you have to put a tank of gas, or buy a pack of gum 1 time a month, do it.

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