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The downside of these cards as mentioned above is that you can buy merchandise only through the one website or catalog and you must put down a deposit on whatever you purchase. For example, if you were to buy $1000 worth of merchandise you would have to deposit maybe $300 and then finance the remaining $700 on the merchandise card. This will be reported to one or more of the three credit bureaus and will appear as just another credit transaction on your credit report. This will have three important results:
1. It will, as noted above, increase your credit limit by the $5000 or whatever amount almost overnight and will look like any other unsecured revolving credit account.
2. Because you would be carrying a small amount of debt this would positively impact your credit report and show potential lenders that you are credit worthy.
3. If are sensible in how you use the card, you should eventually receive "legitimate" credit card offers in the future as other lenders rent your name from the credit bureaus.