Bad Credit Credit Cards–3 Perks You Can Get with Them

August 23rd, 2011 by admin

If your credit rating has taken a nosedive, you may no longer qualify for traditional unsecured credit cards.  That’s why bad credit credit cards are so popular!
Despite the name, bad credit credit cards are not a punishment.Instead, they come with specific rules and guidelines so that you can get the plastic purchasing power you need –like what you need to book a plane ticket, rent a car, or spend the night in a hotel – without forcing a credit card company to take too much risk on having you for a client.That way, everybody wins!

But are these cards really as powerful as traditional unsecured credit cards?

Absolutely!

In fact, when you get a bad credit credit card, you get to take advantage of many of the same perks as people with traditional credit cards, like:

1.Prepaid purchases

In many cases, the temptation of having a credit card is enough to get into trouble.Sometimes, getting a credit card with a firm limit can be enough to keep you out of debt.With a prepaid debit card, you can do just that!Most of the bad credit credit cards out there are actually a prepaid debit card.Before you can buy anything, you have to deposit money onto the card.You can use them to buy whatever you want, as long as you have enough prepaid funds to cover the cost.

By being able to make prepaid purchases, you don’t have to worry about racking up debt, mounting interest charges, or any of the temptations that come with an unsecured credit card.For the credit card company, these transactions are worry-free because they don’t have to worry about you not being able to pay them back.

2.Freebies

A rewards credit card doesn’t have to come in the form of a traditional, unsecured credit card.Even if your credit is less than perfect, you can get a bad credit rewards credit card that offers you things like airline miles and cash back.That way, you can get many of the same perks that your higher credit rating counterparts do.

3.Guaranteed approval loans

When you have bad credit, asking for a loan can feel like you’re stepping into the lion’s den.However, if you already have a good relationship with a company that offers bad credit credit cards, you may also qualify for guaranteed approval loans.The key, though, is to work with a credit card company that handles both.Otherwise, you’ll wind up back where you started–struggling to get the help you need.

Richard A. Manfredi has written about www.mycredittree.com.Receive credit cards for bad credit and bad credit credit card rebuilding advice.My Credit Tree helps individuals get bad credit credit cards, personal loans, auto loans and credit scores.

I have roughly 5 -10k in bad credit card debt. I was wondering if I pay them off, will I get my cards back ?

Its been over a year since Ive been able to make any type of payment on them. Also, they all been turned into collection agencies. I know I will have to build up my credit again. I was just wondering if the cards I have will be turned back on again, or will I have to start fresh ? Also, lets say I was able to pay off all my bad debt tomorrow, will my credit report be cleared of all the bad things ?

Answer
Creditors can either enlist collection agencies to recover debt on their behalf, or they can sell your debt to the collection agency. If it is the latter, then the account is closed. If it is the former, the account is probably “active”, but there may be a block on it. For example, when I worked in the library, we used an outside collection agency to collect on library fines over $50. The library card is blocked. Only until they pay off their balance will we allow them to use the card again. (The books are assets of the City….a library card is like a credit card in which you’re borrowing property.)

Your credit report will show that your collection accounts have been closed. They’ll still show up on your credit report, so your credit will be ruined until you are able to repair it (through time and more responsible care of your credit).

Even if your accounts are still active, you will be paying high interest rates because you defaulted, which allows them to charge the regular rate. You might want to start anew, so that you have a better interest rate and your limit will be much lower, allowing you to maintain control of your credit.

Tags: , , ,
Posted in Bad Credit Credit Cards | Comments Off

Credit Building Cards – helpful in gaining better Credit Score

June 13th, 2011 by admin

While you are having the issues of bad credit and you are looking out to make use of these cards over and over again then it is considered ideal if you prefer having credit cards as it will be helpful in building credit. The Credit Building Cards may turn out to be extremely helpful in coping with all kinds of credit loans you are opting for by offering people with a lower interest rate. You are required to pay all the monthly dues on time then you can be certain of completing the payments successfully and also bringing yourself to a particular position where you will be able to enjoy all the advantages of having a good and outstanding credit score.

One of the best Credit Building Cards that are at present available in the market is the Applied Bank Secured MasterCard or VISA. $5000 is the maximum value available with this particular card. The interest rate that is being offered with this card is around 10% and it requires you to deposit a minimum amount of $200. $50 is the yearly fee that is charged for this card on annual basis and this fee can be paid at the end of each month. The excellent and finest thing this about availing this particular card is that it does not ask for any checks and also you are not required to belong to a certain income group to get this card. With this card, you will be offered with an outstanding opportunity as you will be able to fully improve your credit rating scores even in case even if you end up with bad credit.

One other outstanding Credit Building Cards that you could consider having New Millennium Bank Secured Platinum. You are required to have a least amount deposit of $300 and it is also offering a credit maximum that is up to $10,000. There are numerous advantages if you avail this card, they mainly include; auto rental insurance, 100,000 of travel catastrophe indemnity, along with lengthier guarantee on numerous purchases. $59 is the fee charged on yearly basis for this card; however, $99.95 is the processing fees. Anyone who does not even have a credit history can easily apply for this card as no credit records are checked.

Credit Building Cards are extremely beneficial to a great deal for all those people who want to gain a better credit score. However, punctual payments are only reported and this is ultimately useful in qualifying for better credit scorings even in the future.

Chris enjoys writing articles on topics like Best Mortgage Rates and Best Remortgage Rates . Visit to read more detail.

I need a credit card, have bad credit, I’ve tried all the bad credit, credit cards.?

So I used the freecreditreport.com feature for experian and my credit report is not so bad. Experian shows $8.797 in outstanding debt total, with 0% credit available, and a credit score of 529. It used to be $18,000 in debt, but I got lots taken off due to id theft. So I never disupted anything with transunion or equifax, because I don’t have online access to them due to my flag on my id. I don’t know how to manually do it. It’s just such a long process! ! SO I have had all the bad credit, credit cards like first premier bank, orchard bank etc., Now I when I apply for a card, it automatically denies it and I get a letter in the mail, and it hurts my credit even more. SO how can I get a card? Could I call a major company for example and ask if they would start me off with lke 250.00 credit line, and pay on it, and build it up? What can I do….?
Credit Profile

Percentage of credit currently available 0%

Satisfactory accounts 12

Now delinquent/derogatory accounts 0

Was delinquent/derogatory accounts 4

Public records 0

Number of inquiries 38

Debt Profile

Real Estate debt (mortgages) $0

Revolving debt (bank and retail cards) $3,462

Installment debt (fixed payment loans) $2,071

Other debt $0

Collection debt $3,264

Your Approximate Total Debt $8,797
I want to get everything together and the only way I see is to get 1 credit card, pay on it, and in the meantime payoff my outstanding debt. All are closed, and in collections. I have on company that has two of my accounts, and they are only taking 25.00/month on a total balance of more than 14,000.00 at 29% interest. It’s discusting. If not, I will file bankruptcy and have nothing for 7 years, at that point I’d be 31 years old, and how would I get a card then? I’d be in the same boat I would think.
I want to get everything together and the only way I see is to get 1 credit card, pay on it, and in the meantime payoff my outstanding debt. All are closed, and in collections. I have on company that has two of my accounts, and they are only taking 25.00/month on a total balance of more than 14,000.00 at 29% interest. It’s discusting. If not, I will file bankruptcy and have nothing for 7 years, at that point I’d be 31 years old, and how would I get a card then? I’d be in the same boat I would think.

Answer
Here’s what you need to do…

You definitely don’t need another credit card at this time because you’ve already stated that you’ve had all the bad credit credit cards and now you’re getting turned down left & right. Furthermore, all those inquiries on your credit report are pulling your credit score down in the dumps even more.

Just slowww down for a minute here. It’s gonna be a process and it ain’t gonna happen over night that’s for sure. You need to just concentrate on aggressively paying off your debt. AGGRESSIVELY is the keyword here. No time to play around. If you have to get a second job and get only 4 hours of sleep for the next 6 months to do it — then you gotta do whatcha gotta do!

As far as credit, as I stated earlier forget the credit cards you’re not ready. You need more personal financial management training. A good way to do this is to get in a debit state of mind. Debit strictly uses your own funds that you deposit into your account as compared to Credit – which is borrowed money with all types of rates and fees! For a Good Prepaid Debit Card for your situation check out the one that I’ve been using for years – http://mysafeaccount.com

The great thing about this card is that it has a free Credit Builder feature where you can begin to build credit just by paying your normal monthly bills like rent, utilities, etc. This card has also recently added on a bad credit loan feature.

All the Best to You!

Tags: , , , , , ,
Posted in Bad Credit Credit Cards | Comments Off

How to Avoid Getting Scammed With Bad Credit Credit Cards

June 10th, 2011 by admin

When looking for a bad credit credit card, it is very important to do extensive research and comparison. Even if you have poor credit, that doesn’t mean you should settle for cards with unfair rates and deals. In this article, let’s talk about some tips to help you avoid poor credit card scams.

The Best Credit Cards for People with Bad Credit

These type of cards are designed for people with poor credit history. These cards do not have strict standards, particularly when it comes to your credit score. However, not all cards for poor credit offer a good deal.

Since each card has its own set of rules and conditions, it is up to you to examine the rules of your chosen card. Watch out for those that offer very low interest rates yet with hidden charges and too many restrictions. The only way you can make sure of that is if you take the time to read the complete Terms %26 Conditions of the card.

Aside from comparing the interest rates, don’t forget to check the other credit costs such as the annual fee, late penalty fee, over-the-limit fee, etc. Furthermore, if the interest rate is based upon the Prime Rate, you should know that it is bound to change at any time.

It is also a must to choose a card that will report your payments to the three major credit bureaus. Don’t forget that the only way you can rebuild your credit history is to have your payments are promptly reported. Take note that these type of cards have this provision.

Are you allowed to upgrade your account to a non-secured credit card after a year of consistent payments? Some bad credit credit cards will automatically upgrade your account while you may have to request other card issuers for this option. Obviously, it is crucial for you to submit your payments on time if you really want to boost your credit rating.

Lastly, spend time weighing your choices. Since it’s easy to get approved for this type of card, you don’t have to worry about getting rejected. However, you’ll want to make sure that you’ll be signing up with the right card and that you will not be taken advantage of. Spend time reading and understanding the complete list of terms and conditions. Some terms may not be clearly stated in the advertisement page. You’ll want to make sure that there are no vague clauses or hidden charges associated with your bad credit credit card.

Copyright 2009 New Horizon Business Services, Inc NHBS, Inc has been providing consumers and business owners with financing since 1989. Join our mailing list for Free Tips on Rebuilding and Repairing Credit. Click here bad credit credit cards for cards that suit your needs. Melanie Mathis is a co-author or Liz Roberts at newhorizon.org

How can I get a credit card with bad credit? Are there any cards that don’t require a credit check?

Answer
If you get a secured credit card you’ll definitely get approved for it and if you use it properly EG *pay your bills* you’ll get credit scores.
But to get a secured card you’ll need to place a deposit down.
This is a good secured card:

http://www.esuperfind.com/nextmillenniumcc.php?id=hra0tt16koo9

Tags: , , , , ,
Posted in Bad Credit Credit Cards | Comments Off

Bad Credit Credit Card High Rates

June 10th, 2011 by admin

You know, in this day in age, it is almost impossible to do much of anything without a credit card. You cannot reserve a hotel room, rent a car, shop online, or even purchase airline plane tickets without having a credit card. However, if you have bad credit, credit card offers generally do not come your way very often. In fact, it may be downright difficult to obtain a credit card, and the more creditors turn you down for credit cards, the worse the situation becomes.

Did you know that each time you apply and are denied a credit card, it goes on your credit report? It sure does, and the next time you go to apply, they will look at that, see the denial, and ninety percent of the time they end up denying you as well. Therefore, you wan to take great care in picking choosing which credit card you even want to try and apply for.

One thing you will want to know, when you have bad credit, is that bad credit credit cards have extremely high rates of interest. There are many reasons for this, but the main reason is the fact that you are considered a credit risk. Creditors consider you highly likely to default on your credit card payments, therefore, they raise the interest rates of bad credit credit cards to well above the normal limit.

For those with good credit, the interest rates will be somewhere between 9 and 12 percent. For a bad credit credit card, you are looking at interest rates between twenty-seven and thirty-nine percent. That is a big jump. However, if over time, you prove yourself credit worthy and begin to improve your credit rating, the credit card company will likely begin to reduce your interest rates and even increase your line of credit.

Remember, even if you have bankruptcies, judgments, or late payments it may still be possible for you to obtain a bad credit credit card and start putting your financial life back on the right track. Just remember to make all payments, on time, every time, and you will work to improve your credit score.

What are some of the best bad credit, credit cards?

I’m looking to rebuild my credit from my wife destroying it when we got married. I’d like to have the ability to have a card that has a decent amount on it (at least $1000) for emergencies or car repairs. I did find one but never heard of it it required a debit from your bank at time of application acceptance and a $9.95 a month fee..

Answer
Get a credit card from local bank and pay it in time. You also can use this service to avoid common mistakes while buiding credit and pre-estimate future scores for different scenarios of payments – credit-report-free.totalh.com

Tags: , , , ,
Posted in Bad Credit Credit Cards | Comments Off

bad credit credit cards instant approval

June 10th, 2011 by admin

with all the information about bad credit credit cards instant approval, there are however two types of cards that offer instant approval. That is  prepaid credit cards and secured credit cards. Also both can  be gotten from online. Instant approval credit cards are the easiest methods to get instant credit. When you apply for it online, then you will know if you are qualified for it or not. Your success will depend on how to make your application to be accurate and sensible. Below are tips on how to get a bad credit credit cards instant approval.

Find the best poor credit credit cards

find out a credit card assessment website. searching for the correct card in the internet can be baffling. You can ease your search if you use a credit card assessment site. These websites gives all types of credit cards in the market based on the group. If you want a card with instant approval, you can immediately go to the group of secured cards or prepaid cards to search for your choices. This way, you don’t have to ravage time looking at all the other cards that do not counterpart with your requirements. therefore If you posses  good credit, bargain for a lower interest rate or for zero yearly payments. If you have a bad credit history, look for cards that provide a lower interest and less yearly payment.

also find out more on Used Car Loan Rates

Secured Instant Approval bad Credit Cards
evaluate costs and properties. If you need a secured bad credit card, then you have to search for a low interest rate. But apart from the APR, verify the late payment fee, over-the-limit fee, yearly fee, and other business charges. If you want a secured debit card, try the ‘per transaction’ fee and yearly fee as well. The features given are also significant. Make sure that you can use the card at your best expediency.

with all the information about bad credit credit cards instant approval, there are however two types of cards that offer instant approval. by shella an seo expert

Are there any credit cards that I can apply for having bad credit?

So I have bad credit but I want to build my credit, are there any credit card companies that will issue me a card for this?

Answer
You can apply for secured credit cards from your bank. You have put security deposit and they will issue you the credit card for the same amount. Use your credit wisely and pay all your bills on time and in full. After one year check your credit score and if it has improved then you can apply for regular credit cards.

Tags: , , , ,
Posted in Bad Credit Credit Cards | Comments Off

Instant Approval Bad Credit Credit Card Get Yours Today

June 7th, 2011 by admin

Instant Approval Bad Credit Credit Card – Get Yours Today

Probably the most significant financial move forward in recent history is the use of the credit card. Ideally the only type of individual that really benefits form a credit card is a wealthy person who least needs it. Considering the alternative, would the Western world be such a huge consumer based economy if the credit card was still now only available to those who least needed it?

**Instant Approval Bad Credit Credit Card – Get Yours Now**

In layman’s terms, a credit card allows a person to make purchases up to the limit set by the card issuer. It is quite a flexible system really and the person who the card was issued to can choose to pay only a small installment with interest each month or clear the balance completely. Flexibility is the key word here with minimum payments that only reduce the outstanding balance by a small amount with interest or payments that completely clear any outstanding amount. Obviously if you choose to pay small or only minimum amounts each month then the debt will not only last longer but cost more to clear.

Since having a credit card is a responsibility, only those people who are of legal age and have the capability to pay off the amount they are going to spend through their credit card, is allowed to have one. S. use credit cards because it’s convenient compared to carrying cash or checks every time they have to purchase something. Still, it is the convenience of carrying a plastic card rather than checks and cash around that gives them that appeal.

To make things simple for the companies and users, the interest on your purchases is worked out using one of two methods; either a fixed interest rate or a variable one. What method used is the decision of the card holder but having said that, the fixed interest rate option is the most common used. When a Charge Agreement method is used then the card user agrees to pay the full balance each month without incurring interest charges whereas the Installment Agreement is based on a monthly repayment. People that prefer to keep their finances separate from their partners may decide to use an individual credit card rather than a joint account.

It is not all straightforward though as points like monthly spend, annual fees and payments all have to be carefully considered before any decision is made. The best thing to do initially is study the available card types, agreements and charges before any decisions are made. Packages between the companies vary considerably so carrying out a review of the most popular is a sensible thing to do.

Have you been declined for credit cards due to bad credit history?

Regardless of the type of credit card you choose, be sure to discuss your specific financial needs with your financial advisor or accountant before applying for any credit card. You probably recognize many of the big credit card companies such as Chase Manhattan, MasterCard, HSBC, Bank of America and American Express although there are many more.

Many people do not take having a credit card seriously and mount up debts to the point where they cannot even meet the monthly payment. The long term problem is that it can have impact on credit rating.

Credit Cards for people with bad credit: anything bad about them?

Are there any ill-effects of using those credit cards specially designated for people with bad credit?

I’m trying to rebuild my credit. As long as I pay off the FULL balance every month, there should be no snags, right? But what if I did keep a balance, have you heard of any hidden fees or whatever? Could you please give me links where you find your info?

Answer
If you get a secured credit card you’ll definitely get approved for it and if you use it properly EG *pay your bills* you’ll get credit scores.
I am not sure if that’s what you were asking!
This is a goo secured card http://www.esuperfind.com/nextmillenniumcc.php?id=hra0tt16koo9 you an download the user agreement off the sign up page and read it for more info.

Tags: , , , , ,
Posted in Bad Credit Credit Cards | Comments Off

Very Bad Credit Credit Cards Where to Search

June 4th, 2011 by admin

Very Bad Credit Credit Cards are thought by many to be unattainable. This is a myth. Plenty of people feel that banks or financial institutions need to see that your credit is near perfect in order to issue you credit.

This is hardly the case. Some of the strongest business minds in the history of this country have suffered difficult financial spells. The beauty of this country is that it offers people a chance to dust themselves off and recoup their financial lives. Regardless of the current media trend of bashing debt, it is debt that delivers people an opportunity to grow their way out of difficult situations. Simply hoarding all our pennies as a collective body would not result in the healthy economy where the flow of cash results in the expansion of risk, and the expansion of wealth creation.

Consider the 1st Platinum Plus Bad Credit Credit Card

If you are in search of a very bad credit credit card, there are a few options. First, you must understand that credit card companies are like no other companies in the world. They are considered evil by many, and are currently being vilified by the media, yet their central aim is the aim of just about any other for profit business, and that is to make money. How do credit card companies make money? They make money on interest. You are in a relationship where you are offered

You are being lent money, so to speak, based on your ability to pay it back. If you suffer from a bad credit score, the likelihood of you paying it back is low. For this reason, you will be charged a heavier interest rate. This makes perfect sense from afar. Of course, personally, you may take this an attack on your ability, and may see it as predatory; but step outside of your own financial issues for a moment and ask yourself this: would you lend money to someone who has a poor history of paying off debt? The answer should be obvious.

Consider the 1st Platinum Plus Bad Credit Credit Card

Having said that, a bad credit credit card can be found. Included in this article are a couple links to a 1st Platinum Plus,  credit card with up to $3500 in credit, no credit checks, 0 percent financing, and no finance fees. This is one of the hard lending credit card companies out there. Be sure to read all the text regarding any financial relationship you begin. The key to living a financially responsible life is to do your homework and make sure the contracts you involve yourself in are relationships that work for you.

You always see credit cards for people with bad credit, but what about if you have AWESOME credit?

We are constantly seeing credit cards and loans directed at people with no or bad credit. What about cards for people with an 800+ credit score? What cards are most attractive for people with good credit and why arn’t they advertised?

I know there is more money (for companies) for people with bad credit since they usually don’t pay on-time thus they have bad credit and credit companies can charge fee’s and interest. And poor people are a $7 Trillion dollar industry.

But what about the rich? Or People with FANTASTIC Credit?

Answer
What about cards for people with an 800+ credit score?

Three things such people, who are just 13% of the population, want in a card:

1. Convenience. We use a card because it’s easier than cash. Don’t bother with a card that doesn’t have a completely automated pay system. If the card only allows you to schedule a payment online manually, apply for a different card. You want a card that allows you to sign up once and have all future payments automated without your having to intervene manually.

Look for ease of tax accounting and business expense accounting. Find one that gives a periodic summary by purchase category and/or vendor, so that it’s easy to use during tax or expense reimbursement time. Business cards are better at this than personal cards.

2. Protection. When inadequate service or defective product is purchased, it’s easier to reverse payment from a credit card than from a debit card or other payment vehicle. You’re also limited in the amount of theft or fraud that can be charged up.

3. Rewards: The best rewards for you are those that reward you for routine, necessary behavior. For many, that’s for gasoline, grocery and utilities purchases. For others, it’s travel purchases. The cost is that you have to pick the right specialty rewards card out of your wallet, or sign up the utility to be paid by credit card.

These incentives come at a risk: loss of privacy, and outright identity theft. Read your cards’ Privacy Notices and act. Read your credit reports regularly. Each of the three major Credit Reporting Agencies (CRAs) offers you one free report per year. Savvy credit users will space out their requests: every 4 months, ask for a free credit report from a different CRA.

Why aren’t they advertised?

Point 1: The most money is made off people who are lazy, complacent, ignorant or addicted. Thus, there is little incentive for credit card companies to advertise competitive products and services that reduce their revenue streams. Credit cards are demand inelastic: people will keep using them even as rates rise steeply. That is, it’s tough to break a dependency on them. Why advertise much for something people already want?

Point 2: The treasures await you, but you MUST take action to get them. The users who are complainers or are assertive dealers get the very best deals: they’ve made the efforts that produce the best results. They use the phone to play off one card company against others until one of the companies budges. Because I never pay finance charges, I had to learn and practice this behavior before I could train others to do it. The companies have regular customer service reps as well as Customer Retention Departments, backup departments hired to keep you happy and loyal.

Point 3: If you’ve opted out of prescreened credit card offers (see opt-out link, below), you may not be receiving the offers. Or do you toss your junk mail without reading it?

Solutions:

1. Avail yourself. Try picking up the phone and in a pleasant, cheerful, polite tone, telling your creditor, “I’m thinking of closing my account unless you lower my rates and improve my rewards. What can you do for me today?” If the front-line rep doesn’t satisfy, ask for his/her direct supervisor. Then move over to customer retention. If you don’t use your trump card of offering to abandon them unless they actively compete for you, they have no incentive to compete for you. It’s sad that many customers don’t act because of their unrealistic fear of being seen as a troublemaker by an authority figure like a credit card company: the top (unrealistic) barriers in people when phoning creditors: fear of retribution and a sense of shame and undeservedness. The big discovery awaiting such people: entire departments are hired to keep customers happy, delighted.

2. Entire web sites are devoted to comparing the terms and rewards of credit cards. Comparisons are by category: secured, rewards, etc. Moreover, the marketing departments of credit card companies spend about $200 to capture another user successfully, and part of that expense is designing cards that have innovative and competitive terms and conditions. Put the following 3 words into a browser:

compare credit cards

and start comparing based on your personal needs. Mark your calendar to do another check up in about 2 years, after new products have arrived. And if you’re wondering whether an offer is really a good deal or has catches, know that other web sites are specialized message boards in which people discuss the details of such offers and people’s experiences with them. Browse on:

message boards credit card

The cost of getting a card with better rewards? 10% of your FICO score is about hard inquiries into your credit history when you apply for credit. You’ll lose a few FICO points for each credit card company’s inquiry, but you’ll get the points back over the following two years.

And don’t close your unwanted old cc accounts if they’ve been open longer than any of your open cc accounts. 15% of your FICO score is about length of credit history. Close a card that was opened long ago and it could hurt your FICO score. Check your credit report under Date Opened to be sure. Closing a cc account can never improve your score, but it can hurt your score.

Please vote: Did this help?

Tags: , , , , ,
Posted in Bad Credit Credit Cards | Comments Off

Bad Credit Credit Cards

June 1st, 2011 by admin

Bad Credit does not mean you cannot get a credit card. There are many ‘bad credit’ credit cards available that will help you improve your credit. Some of these credit cards are available to help you rebuild your credit. Many of them are easy to sign up for. In fact many of these card issuers accept you as though you were pre-approved. If you are looking to rebuild bad credit with credit cards you will not be disappointed. There are many options for you. This can be a great way to establish credit or establish credit again for yourself.

While there are many options out there you also need to know what to look for in a ‘bad credit’ credit card. Some may have high fees while others may only be available as prepaid or pre loaded credit cards. These are great options for you especially if you are having trouble getting a bank account as they often will allow you direct deposit your earnings directly into your card account and then allow you to use the card as a debit card with those funds. Account now is one of the best known names for this type of card.

When you go looking for a card that is more like a traditional Visa or Mastercard Orchard Bank is a good option to look at. Orchard Bank offers some of the best preapproved credit cards and approve just about anyone who applies so it is a great card to get started with.

Come find a bad credit credit card to help you establish your credit today at www.Bad-CreditCredit-Cards.com

Rodrex Super

Is having 5-6 credit cards bad for your credit score?

I heard that having too many credit cards was bad for your credit. If I have 4 Store Credit Cards and 1 Visa Card and am planning to get another FINAL major credit card…is that too much?

Answer
Only if you do not manage them well.

The number of credit cards a person has is not important, how they manage them is.

Keep your balances below 30% of your credit limit and pay on time every month and you will be fine.

I had 14-credit cards at one time and my score was over 750. I only have 8 now and it’s still over 750 because I manage them well.

Tags: , ,
Posted in Bad Credit Credit Cards | Comments Off

Is There Such a Thing as a Bad Credit Gas Card

May 29th, 2011 by admin

It used to be that a bad credit gas card was the easiest type of credit card to get. Nowadays, however, it seems that only those with near-perfect credit qualify for the best gas cards on the market. What’s happened to gas cards for those with imperfect credit histories? Are gas cards for people with bad credit still out there? The answers may surprise you.

More Restrictions

Gas cards are definitely harder to get nowadays and the bad credit gas card may very well become a thing of the past. Why? Believe it or not, gas prices and the economy have a lot to do with it.

When gas prices started to skyrocket, people who couldn’t afford gas started putting it on their gas credit cards. The problem is, when the bills came in they had no way of paying them. Eventually, the gas card companies started taking some big hits. Because of this, they began changing their credit requirements for new account holders.

Some Things Change, Others Don’t

The funny thing is that while many gas credit card companies changed the way they approve credit applications, they didn’t lower their interest rates. Some gas cards charge ridiculous interest rates even though they’re now only issuing cards to people with good credit.

A Dying Breed?

So is there a single bad credit gas card left? In all honesty, you’re probably better getting a general bad credit credit card. It’s easier to qualify for some of the major credit cards than it is for some of the gas cards.

You might also want to consider pre-paid gas cards or secured gas cards. These will allow you to pay at the pump and some even offer rewards similar to unsecured gas credit cards. Personally, I recommend a secured card over a pre-paid as a secured card can help you rebuild your credit while a pre-paid gas card cannot.

Your bad credit gas card can be a stepping stone to bigger and better cards, but it can also hurt you in the long run if you charge more than you can afford. Your credit can get better and you’ll qualify for more cards in the future if you mange your payments wisely. Just because the credit is available to you doesn’t mean you should use it. Like all other credit cards, only use your gas card to charge what you can afford.

Just remember, if you do obtain a bad credit gas card make sure you pay the bills on time each and every month for a brighter credit future.

For more tips on bad credit credit cards, saving money and avoiding getting taken, check out the bad credit credit card section at CreditCardTipsEtc.com, a website that specializes in providing credit card tips, advice and resources.

There are many offers of credit cards for those with bad credit, but money is required. Trustworthy?

“There are many offers of credit cards for those with bad credit, but money is required. Trustworthy?”

I’m in a place and time where I can finally handle a credit card, but because I have a credit score of 600, what can I do to improve it?

My debt’s already been paid off. All of it. I have a school loan that I pay regularly (Automatic debit).

I’ve been considering applying for a bad-credit credit card in hopes of establishing a line of credit and carefully tending to it, paying my bills on time, but making sure there’s constantly about 40% unpaid.

Is this a smart route or is there an alternative?

Any suggestions on credit cards (for people with bad credit)?

Any suggestions on improving a score that’s at 600 and can’t be increased due to all owed debt already being paid off?

Thank you in advance.

Answer
Go to www.capitolone.com or .ca and apply for their secured Master Card. You will be approved. What happens with a secured card normally is that you have to put up an equal amount and often double or triple the amount of the limit on the card and that money is held…never used to pay your card…and is ually released to you after a year or two as long as you kept your payments up. With Capitol One though, you can get approved for as little as $75, but can be more, for a security deposit for a credit card with a $1000 limit or more. This is what we did nearly two years ago and it has been great for building our credit back up. I highly recamend this card.

Tags: , , ,
Posted in Bad Credit Credit Cards | Comments Off

Bad Credit Credit Cards are Offered by Many Issuers

May 26th, 2011 by admin

Bad credit – credit cards are offered by many banks and financial institutions to help people regain a good credit score. They also can allow a person with poor to bad credit a chance to obtain a credit card and in today’s time that is almost a necessity. These types of cards are designed for two specific needs.

1. To offer credit when bad credit is holding you back from getting a card. 

2. To help you regain a good credit score, by making payments on time and staying under your limit. 

Credit cards for bad credit can certainly help you get out of debt and rebuild your credit score when used correctly. The Rewards 660 Visa® Card, issued by Dakota State Bank, is a credit card designed for those with a bad credit history (but does come with a start up fee. You can get lower interest rates and higher credit limits, when you prove to your lender you can pay on-time and meet all the terms.

If you have been turned down before because of your FICO score, here are a few more options from reputable issuers: Continental Finance Gold, Orchard Bank and First Premier Bank. These issuers offer credit cards specifically designed for consumers with bad credit and has helped millions of people increase their FICO score and get their credit back on track.

Finding a good comparison of all the bad credit credit card issuers can easily be found with the help of the internet and by shopping around you can find the issuers with the best interest rates. Be aware that not all agencies guarantee a credit card even if you are willing to pay the high interest (the interest rate could be as high as 40 percent) that comes with these types of cards. Some credit card issuers also place high annual fees to provide a card to consumers with a bad credit history.

Be sure that any of the cards you apply for reports to all of the major credit bureaus or it will have no affect on your Fico score. Having a poor credit history usually does restrict your options and will result in the interest rates you pay being much higher than a good credit history because of the higher risk to the lender.

The author is the owner %26 operator of several successful financial websites for bad credit credit cards. For credit cards for people with bad credit visit our website today. 2008 http://www.ez-credit.us – All Rights Reserved.

What is bad about credit card gift cards?

I want to know what the bad about credit card gift cards, like visa and master cards. The one they sell in stores. Do you have to pat money to activate and then add money?

Answer
Nothing is wrong with the credit card gift cards but you do have to pay a card activation fee. Here in California that fee is $4.95, that’s in addition to the amount you get on the card. So that kind of stinks.

Tags: , , , ,
Posted in Bad Credit Credit Cards | Comments Off

« Older Entries