by Alison Storm | 02/10/12

Is your credit score in need of a boost? You're not alone. Tough economic conditions have left many people with less-than-perfect credit. There are many ways to boost your credit score and one of these is with special "credit builder" credit cards. According to experts, these can be a good way to manage money and increase your credit score over time.

What is a 'credit building' credit card? According to experts it's a card that is easier for people with bad credit to obtain. If you've been turned down for other credit cards, this is the type of card you may want to consider. Those with low or no credit scores can benefit because you can get this type of card in your wallet even with a low credit rating. "'Credit building' credit cards can be a way to help increase your credit score if you regularly pay off your monthly balance and don't exceed your credit limit," says Simon McCulloh, Director of Money at ComparetheMarket.com. "However, 'credit building' credit cards may not be suitable for everyone so it's worth taking the time to find the right one to suit your needs."

The important thing to remember with any credit card is that paying your minimum payment on time every single month is the only way you can improve your credit score. Many times cards like these carry a higher interest rate so you don't want to use it to rack up a large balance. But if you view it as a tool and use it responsibly it may help you get your credit score back on track.