Getting approved for a credit card with poor credit is difficult. Because of your low credit score, or no credit history, many credit card companies consider you a bad risk. Fortunately, there are ways around this problem. Obtaining a credit card with poor credit is doable. However, it's going to require a little effort and research. Here are a few tips for getting easily approved for a credit card with bad credit.
Apply for a Retail or Gas Credit Card
If no credit history is standing in the way of you getting a major credit card, consider applying with small retail stores or obtaining a gas card. Unless you are a student, most credit card companies do not willing approve those with no credit history. However, store accounts are easier to qualify for. After approval, use the card responsibly. This will help build or improve your credit score, which makes getting approved for a major credit card effortless.
Get a Credit Card through Your Bank or Credit Union
The majority of banking institutions offer major credit cards. If you are a customer, the credit approval department may be willing to issue you a credit card with a small limit. With this said, it is important to maintain a good relationship with your bank. For example, avoid bouncing checks or incurring overdraft fees. If poor money management skills are displayed, the bank is less willing to assist you. Furthermore, attempt to build a cash reserve. This could possibly improve your odds of approval.
Apply for a Secured Bad Credit Credit Card
Many credit card companies advertise bad credit credit cards. To get approved, this usually entails opening a savings account with the company. In this case, the credit card is secured. Although secured credit cards require upfront cash, and usually involve several start-up fees, this is the easiest method for quickly improving or building a solid credit history.
The credit limit on secured credit cards varies. For the most part, the limit is equivalent to the amount placed into the savings account. As credit score improves, the company may gradually increase your limit.
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How can I get a new social security number
By: eddie | 01-10-2008
How can I get a new social security number
Interview with Suzy Orman
By: Anthony Charles Sokoly | 01-10-2008
Dear Mr. Cooper: I could not help listening to your interview with Suzy Orman tonight, I just wanted to comment on something Mrs. Orman was saying about the financial crisis, and what credit card companies are going to do to people who pay their credit cards on time, and have good credit.And how there is nothing people can do about it. Well it occurred to me in the midst of all this crisis business, and corruption, etc, I believe there are things people can do. How about not paying their bill when it comes. How about bankrupting the account. If they want to play hardball maybe it is time for the American people to flex their muscles. I know one might think this is adding insult to injury, I disagree. What could possibly be worse than what has been perpetrated on the American people, maybe it is time to fight back. Thank you
My husband have credit cards in my name i didnt ...
By: Gloria | 30-09-2008
My husband have credit cards in my name i didnt know about.We are still together what can i do about it.
I have excellent credit and was told my mortgage ...
By: bunny | 30-09-2008
I have excellent credit and was told my mortgage with a 20% down payment was a slam dunk, is that still true? will I beable to get a mortgage today?
Is there a legal way to lower or elimate credit ...
By: judy | 29-09-2008
is there a legal way to lower or elimate credit card debt?
Debtcures.com
By: blackjack | 29-09-2008
debtcures.com Should I call now and ask to get my interest rates lowered or wait to see how this Goverment bailout goes?
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