Bad credit credit card?
My credit rating is not soo good and i'v been turned down a few times when I applied for a credit card. Where can I find bad credit credit cards?
Public Comments
- Do a search. My credit is junky, just be ready to pay outrageous interest fees and a huge amount just to get the card.
- You didn't say how high your rating is, but I've linked to a site that has a few different options. Try to avoid the ones that charge an annual fee; credit card companies make enough off interest without giving them extra money. I'm also linking to a site that will give you some tips on managing your credit.
- You should be able to get approved for a credit card. Watch out for the scams and preditory lenders. Avoid First Premier, Tribute, Rewards 660, Imagine, Total, and Continental Finance. These are all high fee / low limit credit cards that amount to nothing more than a scam. Avoid secured credit cards. Most report your status as secured and this does nothing to help build/rebuild your credit. Avoid Capital One. They do not report your credit limit and that damages your credit score. Example, they give you a $500 limit and you use $250, they will report your limit as $250. This will damage your credit score because instead of using 50% of your credit limit, it looks like you are using 100% of your credit limit. So far the best card I have found for building/rebuilding credit is Orchard Bank. They have a low interest rate (14.90, good for a sub prime card), low annual fee, no hidden fees and if you manage your account properly, they give excellent credit limit increases. You can get more info on Orchard Bank at http://www.creditcardindex.org/orchardbank.html
- For a complete list of credit cards for poor / no credit, take a look here: http://www.asapcreditcard.com/unsecured-offers.html While these offers tend to have higher interest rates (and some additional fees) when compared to 'standard' credit cards-- they help you rebuild and improve your credit score. Eventually, with regular on-time payments-- you'll be able to apply for better offers with lower APR's and less fees. Hope this helps. GOOD LUCK!
- There are some companies that will offer you good cards even if you have bad credit. You may however need to find one with a balance treansfer offer as the initial APR will be high so that later you can switch your balance to a low APR. You can find out more from http://1applyforcreditcardonline.com/category/bad-credit/
- Here is a free resource guide and list of credit cards for bad credit. It should help you.
- i'm having the same problems because my mom had some things put into my name as a teen(still is) so everyone i applied for turned me down to.i know ur pain,but to day i found a secured credit card to help my credit for now.it's not like new millennium bank that wants the money before you get the card.i'm gonna leave u a link.:-) i hope this works out for u.
* Some answers may have been provided by Yahoo! Answers.