When you try to get approved for a credit card you can run into a bit of a catch-22 if your credit is bad. Your credit score is a big deciding factor for when it comes to getting approved for a credit card.
Fortunately, there are two different types of credit cards you may be eligible for with bad or no credit. When you apply for a secured or an unsecured credit card you will have the highest odds of getting approved. Popular credit card choices for bad credit or limited credit include cards like Visa, Capital One, and Mastercard.
Choosing The Right Card
To figure out which card is right for you, you should first decide if you want an unsecured credit card, or if you don’t mind paying a security deposit for a secured credit card. If you want an unsecured card, then you should sign up for the credit card Credit One from the beginning of the list. If you decide a secured card fits your needs, it’s just a matter of deciding if you’d prefer a lower APR or annual fee.
The Easiest Cards To Get Approved With Bad Credit
You must have an understanding of how to apply for credit cards with bad credit, and you must learn how to use these financial to get the best possible rates and terms for your purchases/your credit. You should know the facts about cards with that give easy approval for bad credit marketing style, and you should look at other cards that offer easy approval for those with bad credit. You might not stop at just one card when you can use these credit cards to make the best financial choices for yourself and your family. You might want to learn how to apply for credit cards with bad credit because you need to make immediate purchases, or you could use the cards to consolidate debt. You simply have to decide how you will use these cards, and then you can change the way that you make purchases or handle your credit by using these cards.
How To Apply For Credit Cards With Bad Credit
You must have facts about cards with that give easy approval for bad credit marketing angles, and you will find that most of these credit cards will give you an instant line of credit. You also have to be clear that you have figured out what will work best for your family. You should choose a card that is purely for small purchases, or you might pick something that will be easier to use for consolidation. They might give you a higher spending limit, and you will start saving money instantly because you have gotten the best possible rates and terms. Look into how each of these cards can save you money, and choose a card that is easier to use if you are trying to build your credit slowly.
Credit One Bank Platinum Visa
Unlike the other credit cards on this list, the Credit One Bank Platinum Visa is unsecured, which means you don’t need to pay a security deposit after you sign up. This credit card Credit One also earns you cash back on some of your spendings. The only drawbacks with this card are that the annual fee and APR can potentially be a bit higher than the annual fees with the rest of the cards on this list.
- Variable annual percentage rate (APR) ranging from 16.99 to 24.99%
- The annual fee ranging from $0 to $75 for your first year and $0 to $99 for all subsequent years
- 1% cash back on eligible purchases, with rewards automatically credited to your account every month
- Free online tracking of your credit score
- Set up text or email alerts for account activity
First Progress Platinum Elite Mastercard Secured Credit Card
If you want a low annual fee, then the First Progress Platinum Elite Mastercard Secured Credit Card is a great choice since it costs you less than $30 per year. You will have a higher APR than you would with the other two secured cards on this list, but if you pay your balance off every month, that won’t be a concern.
- Variable APR of 19.99%
- Annual fee of $29
- The credit limit is equal to your security deposit, which must be between $200 and $2,000
OpenSky Secured Visa Credit Card
The OpenSky Secured Visa Credit Card is very similar to the First Progress Platinum Elite Mastercard Secured Credit Card, as its APR is a bit lower while its annual fee is $6 higher. One bonus with this card is that you can start out with a higher credit limit if you have the money for a higher security deposit after you’re approved. A higher credit limit makes it easier to keep your credit utilization low, which is good for your credit score.
- Variable APR of 18.39%
- Annual fee of $35
- The credit limit is equal to your security deposit, which must be between $200 and $3,000
Primor Secured Visa Classic Credit Card
Think you may carry a balance on your credit card at some point? The Primor Secured Visa Classic Credit Card would be the best choice for you since it has that low 13.99% APR. The annual fee isn’t bad at $39, and you have a large range to choose from for your initial credit limit – up to $5,000 if you have the money for that.
- Fixed APR of 13.99%
- Annual fee of $39
- The credit limit is equal to your security deposit, which must be between $200 and $5,000
Building Credit Over Time
You can develop your credit over time if you are trying to pick something that will have a low rate and better terms. The credit cards allow you to make almost instant transfers, and you could make transfers that happen the same day that you apply to the card. You might choose one of these cards when you want to save money, and you could cut your debt payments as much as possible. You will discover that you can make this much easier for yourself if you pick the company that is easiest to work with. However, you could start to upgrade to cards that will give you much better options for the future.
Upgrading To Another Card
Other cards that offer easy approval for those with bad credit will give you a chance to get the lowest level card to start with. You will have a low spending limit, and you will move up to other cards if you like. You might want to move up to the next card because it offers a higher limit or more rewards. You could use these cards so that you can plan for future purchases, or you could get cash back for your card. You will be pleased with the way that you are earning rewards, and you could put some of that money back on your statement. You also need to see if you can get the card that has the right logo because you could turn to the logo if you ever need service.
Other cards that offer easy approval for those with bad credit will let you get into a rewards program that is specific to the card. You could use the airline’s cards to travel, or you could use a hotel points card because that makes your life easier after the plane lands. You might choose a card that will give you gas points, and you might use the gas station points to help with your travels. You also get services from the company if you need them because they can set up travel for you. The bookings are easy, and you could also work on some different packages that only the logo can give you.
Service From The Logo On The Card
Service from the logo on the card is very important because it can help you get assistance when you are in a bind. They also offer credit card programs that you can only use if you are a cardholder. You might be in a place where you cannot get the things you need, and you could ask the company on the logo if they have the tickets or options that you need. You will see how much easier it is to get concert tickets, football or basketball game tickets, and other tickets that are much easier for you purchase through the card.
The annual percentage rates that you get are usually much lower than they would have been with any other card. You might choose a card that is very specific about its rates, and you could choose a card that will give you the kind of APR that allows you to make low payments. You could choose the card because of the low rates, or you could choose the card that has a nice term. You could change your rate at any time, and you might improve your rate every couple of months if you are making your payments on time.
You could easily get a secured credit that looks very good on your credit report, and your credit score will rise so much that you do not need to worry about the things that have made trouble for you in the past. This card will help you improve your credit so much that you can have confidence that you can use the card more and improve your credit more. In fact, you could move from secured to unsecured credit if you are trying to improve your credit yet another step. The people who have invested in their credit over the course of time will have several cards to use, and they must keep these cards to improve their score.
How Long Should The Cards Last?
The cards that people choose will stay in their wallets for many years to come. There is no reason to close them, and there is no reason to stop using them. They might be used only once a month to keep the account open, and someone who is trying to make the best possible choices for the future will have a card that they can always rely on. This also means that a lot of people can keep cards around for emergencies. You might also use a specific card to save rewards. It all depends on what you want to do, and you must ask the company if they have a special option for you that is meant to be used for a long time.
Someone who is trying to make the best credit decisions should choose a card that they know will give them the most purchasing power. Someone who is trying to improve their credit score must look into the different items that allow them to save money and put more good things on their report. Your credit report cannot get any better until you have invested some time in the right card. You could use the card for the rewards, or you might get the card because it approves you instantly. Learn the facts about cards with that give easy approval for bad credit vibe, and you will find that many of these cards can be in your wallet right now. They offer rewards, and they put you on the path to financial freedom.