Bankruptcy: If you have bankruptcy on your credit report, your credit card selection may be limited. We recommend a stored value, guaranteed credit card.
Poor, no credit or bad credit: Again, your credit card options may be limited, but depending upon the types of entries on your credit report that reflect bad credit, you may still qualify for some unsecured credit cards.
Excellent credit: Excellent credit generally means your annual income is over $30,000, you have been paying all bills on time, and you have at least 3 good credit references.
There are credit cards for all credit types, ranging from instant, guaranteed approval to credit cards that offer rebates and rewards. You can use our credit card search to find prepay credit cards, secured and partially secured credit cards, and gold and platinum unsecured credit cards. Simply enter your credit card search terms in the box above.
Guaranteed credit cards offer unsecured credit with no credit checks and no turndowns, whereas gold and platinum credit cards often require a credit check to prove credit worthiness.
If you have been rejected for a credit card, it's possible that you applied for a card that requires a higher credit rating. In such case, you may want to consider lower limit cards with less frills, and work on rebuilding credit.
If you already have a high credit limit, platinum credit card from a major issuer, such as American Express, Discover, Chase, etc, and are looking for a 0 intro balance transfer, be sure to read the terms when you apply to see if there are any transfer fees, limitations or restrictions, and if the 0 introductory period actually includes balance transfers.
Regardless of good or bad credit or the type of credit card you desire, use our free credit card search engine.
Credit
Cards
Create
a positive credit history by using credit cards, it is never too late even if
bills have be reported as being late. Negative credit history is possible to
replace, just by using a credit card and paying the bill on time every month. To
do nothing will not help repair scores.
Many
card companies market cards to people who have bad credit, and they can help by
reporting payments that are paid on time. The credit crisis is taking a toll on
people with less than perfect scores and lenders are recognizing the need to
provide credit products that may help. Because they are willing to help, there is hope
that some people can repair their credit using a card.
Secured
cards are one good way to establish or repair bad credit. These are cards
that require a deposit and the company gives the account holder a card. The good
thing is if the company reports payment history to major credit agencies. The
card could be used to make small purchases, so the bill can be repaid on time or in full
each month. This helps provide some good credit history. If the bill is not
paid, the card issuer can use the deposit to pay the debt.
There
are many choices for secured or unsecured cards through Visa or MasterCard. Some
are called reloadable cards and are prepaid
cards. The card is used like a credit card in places displaying the logo.
The card must be funded to be able to use it. Not all prepaid card issuers report to
credit agencies, be sure to check. Cards are always good to use instead of
having to carry cash or writing checks.
There
are some popular debit cards which withdraw money from a checking account. These
can be a MasterCard or VISA too. They are accepted by merchants who display the
logo. The great thing is that instead using cash or checks, the debit card can
be used. People can monitor their bank account and only spend what is in the
account. Banks offer overdraft features that may be helpful in the case of over
spending. There are usually some overdraft fees.
Basically,
to use credit cards is like borrowing money or getting a loan. It is a popular
way to get what is wanted or needed and worry about paying later. It makes life
a bit easier at times, unless a person starts over spending and getting into
debt. Debit and credit cards should be used responsibly. Credit limits should
always be noticed to make sure you don't go over, and end up with higher
interest rates.
With
online banking available, it can be easy to monitor debit card activity. If a
thief gets the card and the PIN number, they could wipe out an account. It is
important to report a lost card fast, so the card can be deactivated before any
damages takes place. When a PIN number is used to make purchases, it is
documented as a POS or Point of Sale in the bank account. It is important that
the account be monitored so if funds are low, more could be added to the
account.
Debit
and credit cards are easy to use, the cardholder needs to understand how they
work. Both cards should be kept safe to prevent them from getting stolen or
having someone use them that are not unauthorized. Always sign cards, and report a lost or stolen card immediately.
It is good idea to review account activity frequently and keep the phone number and name of
the card issuer handy. Do not write any PIN numbers on the card and do not let
someone see you enter your PIN number.
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People with bad credit history often find themselves repeatedly turned down for a credit card. If you are one of these people, you will be glad to know that there is such a thing as Bad Credit Credit Card. Bad Credit Credit Cards are offered by credit card companies with some strings attached. You are usually provided with a lower credit limit and a higher-than-standard interest rate. Even with these strings attached, you can use these credit cards to establish a positive credit record. Here we have tried to find the 10 best credit cards for people with bad credit history.
No Deposit Unsecured Credit Cards - Difficult times may have caused you to have a less-than-perfect credit record. This may have caused you problems in the past but when applying for credit cards, but not anymore.
Most credit card companies may still require applicants to have perfect credit history. Due to a growing number of people who would like to re-establish a good credit record, several credit card companies are now offering unsecured credit cards specially designed for people with poor credit. No security deposit is required!
Prepaid Cards: First Timers and Prepaid Cards - If you are unsure that you can handle the responsibilities of a regular credit card, you can choose to have a prepaid debit card instead. This card will help you curb your spending by limiting your credit limit to the amount you deposit on your debit card.
Many credit card companies have started offering this type of card to prepare first timers for their eventual use of a regular credit card. Most of these cards come with no annual fees and contain the same features found in regular credit cards.
Secured Credit Cards: The Perfect Cards for the Less-than-Perfect Credit Record! You might have little or bad credit history, but who says you can't have a credit card? Credit card companies everywhere are giving consumers who have less-than-perfect credit a chance to enjoy the benefits of having a credit card. Simply open an account and use your deposit to secure the credit card. You can even establish your own credit limit.
Secured credit cards are also perfect for people who have no credit history and want to establish a good one. We recommend the following 2 secured credit cards. Apply now and start learning the advantages of using plastic money.
Auto Loan: Get free quotes and apply for a new or used auto loan or for auto refinancing.
Credit Report: Free credit report help to fix credit report errors and improve credit score ratings. You are entitled to one free credit report annually.
Debt Counseling: Get your expenses under control with credit counseling, an unsecured debt consolidation loan, debt management or negotiate debt settlement.
Free Credit Offers: Get no obligation, free credit offers plus financial tips to help effectively manage your personal finances.
Home Loan: Free multiple quotes from mortgage lenders. Apply for a new home loan and start building your financial security.
Mortgage Refinancing: 2nd mortgage loan and other types of mortgage refinancing for home remodeling, equity cash out or a debt consolidation loan and more.
Payday Loan: Easy approval bad credit unsecured loan with no credit check, no deposit and no security.
Personal Loan: Submit a short or long term personal loan application (if available), or apply for other secured or unsecured loan offers.
Personal Finance: How to file bankruptcy plus free bankruptcy forms. Create a household personal budget, balance a checkbook register, track expenses and more.
Can I get a credit card with a cosigner? If you have very bad credit preventing you from getting a credit card, you could instead become an "authorized user" on a credit card under someone else's name. If you cannot find someone willing to make you an authorized user, think about getting a secured card which reports to at least one credit bureau. Using a secured card while awaiting the day you can get approved for an unsecured card makes perfect sense, because improving your score is what will be required to qualify. Even if a credit card company rejects your application, you may be able to get approved for a retail store charge card. Again, make sure the store reports your payments to a credit bureau.
