Bad credit card - FAQs and bad credit credit card application.
Credit problems? Bad credit card applications.
Get a credit card for bad credit, no credit or any credit. If you need an instant approval credit card to rebuild credit, apply for a guaranteed card that reports payments to at least one credit bureau.
Two credit cards for 500 to 600 credit scores: 1) Capital One Classic Platinum Credit Card and 2) Capital One Standard Platinum Credit Card.
1) Capital One Classic Platinum Credit Card - A High Annual Fee but Relatively Low Rates for Those with Poor Credit.
If you prefer lower rates and a long zero percent APR intro period, this card may be a better option than the Capital One Standard Platinum Card.
This card is designed for people with a poor credit below 620, who want an unsecured credit card
Pros
* No balance transfer fee
* Long zero percent APR intro period on purchases
Cons
* High annual fee
* No rewards
APRs
* Zero percent APR on purchases through September 2011
* 17.9 to 22.9 percent on purchases and balance transfers, depending on your credit rating
* 24.9 percent on cash advances
* Penalty APR: 29.4 percent
Fees
* Annual fee: $39
* Balance transfer fee: None
* Late payment fee: Up to $35
* Returned item fee: Up to $35
* Over-the-limit fee: Up to $29
The Capital One Classic Platinum Credit Card is similar to the Capital One Standard Platinum Card except that it charges a high annual fee and lower interest rates.
The Standard Platinum card charges a $19 annual fee - which is waived the first year - but carries a 24.9 percent APR. This card charges a much higher annual fee - $39 starting in the first year - but the APRs are lower. It also offers a nine-month zero percent interest intro period.
Capital One says this card is designed for people with "average" credit, which it defines as being more than 60 days late on more than one credit card, medical bill, or loan payment in the past year, declaring bankruptcy or having defaulted on a loan in the past five years, or having a limited credit history. If you qualify, Capital One says it will give you a minimum credit limit of $300.
2) Capital One Standard Platinum Credit Card - A Low-Fee, High Rate Card for People with Weak Credit
This card is a better alternative to the Capital One Classic Platinum Card because the annual fee is much lower and is waived the first year.
This card is for people with a poor credit score below 620 who want an unsecured credit card.
Pros
* Relatively low annual fee is waived the first year
* No balance transfer fee
Cons
* High APR
* No rewards
APRs
* 24.9 percent on purchases, balance transfers and cash advances
* Penalty APR: 29.4 percent
Fees
* Annual fee: $19, waived the first year
* Balance transfer fee: None
* Late payment fee: Up to $35
* Returned item fee: Up to $35
* Over-the-limit fee: Up to $29
The Capital One Standard Platinum Credit Card is like the Capital One Classic Platinum card, is aimed at people with "average" credit. It charges a lower annual fee than that card - $19 versus $39, waived the first year - although it does charge much higher interest rates.
Capital One defines "average" credit as being more than 60 days late on more than one credit card, medical bill, or loan payment in the past year, declaring bankruptcy or having defaulted on a loan in the past five years, or having a limited credit history.
There's no balance transfer fee, but the APR is way too high to consider transferring a balance on this card. If you qualify, the minimum credit line Capital One says it will grant you is $300.
Bad credit card
FAQs:
"Why does an unsecured credit card for bad credit charge higher interest rates and/or fees?"
Credit card issuers face high risks when they extend unsecured credit to bad credit people. To offset these risks, higher interest and/or fees are sometimes applied.
"What are other bad credit card options without higher interest rates and fees?"
For lower interest rates and fees, consider a secured card. A secured card reported to the major credit bureaus can help establish or rebuild credit while you get to avoid high interest and risk getting into debt. It's the best solution to apply for a credit card without credit.
"If I have bad credit, can I get a high credit limit unsecured gold or platinum credit card?"
High credit limit unsecured credit cards require above average credit. You can; however, get a high credit limit guaranteed platinum credit card. This type of platinum credit card allows you to purchase merchandise from a catalog selected by the issuer. It is not the typically known standard platinum credit card, and as such it cannot be used for retail store purchases, book airlines, motels, etc. But, if you desire to make a purchase through a line of credit, it's a great solution.
"Are there any credit cards for bad credit with a good credit limit?"
Typically cards with a good credit limit require good credit. Some bad credit cards will allow cardholders to slowly increase their limits over time as they prove worthiness by making all payments on time.
"Are there any credit cards that cost no money for people with poor or bad credit?"
Many unsecured credit cards that accept bad credit people will charge a fee, some as high as the initial credit limit. Generally the only type of cards that may offer no fee regardless of credit are pre-paid cards.
If you are behind on major bills, have a derogatory, bad credit report or if you are enrolled in a debt program, we recommend a secured credit card or a guaranteed credit card.
If you need help in determining the types of bad credit cards you qualify for, use our credit card search. You can find bad credit credit cards as well as poor credit to excellent credit cards.
There
are many credit cards on the market that can benefit people who like to travel
the world, and one is the HSBC MasterCard.
Some benefits of their card includes earning points that do not expire, ways to
earn double points on new accounts, having flexible rewards for specific
lifestyles, and ways to fly on major airlines without blackout dates. For people
who travel outside the United States, they offer no foreign transaction fees on card purchases made in a foreign currency.
They even offer ways to be an HSBC Premier Client. Visit their website for all
details.
MasterCard
has cards that offer cash back, fly rewards, and even a non-rewards card. Cash or Fly
rewards have points for dollars spent on the card, that could be redeemed for travel points or
cash back. There are ways to get some travel discounts with points on some major
airlines. The non-rewards HSBC Platinum MasterCard has benefits like rental
insurance, travel assistance services, and 24-hour toll-free assistance. They
try to offer people a card that best fits their credit profile, and it may not be the card
inquired about. They have both secured
cards and unsecured credit cards. The terms and conditions of any card
offered would be disclosed before an application is processed. Visit their
website for more information about all card offers.
For
people who are not sure of their credit type and who are seeking a credit card,
getting a credit report is a great place to begin. See what lenders see when
they view your reports. If you have been unable to get credit, find out what is
on reports that may be a problem. High credit scores mean credit is not viewed
as being bad and that means getting good interest rates on cards and loans. Low
scores of 600 to 300 could mean credit could be at a higher rate of interest.
Low scores can indicate a borrower may be a risk for a lender.
Review Disclaimer:
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When looking for a bad credit credit card, it is very important to do extensive research and comparison. Even if you have bad credit, that doesn’t mean you should settle for credit cards with unfair rates and deals. Here are some tips to help you avoid bad credit credit card scams:
* Watch out for bad credit credit cards that offer very low interest rates yet with hidden charges and too many restrictions.
* Check the other credit card costs such as the annual fee, late penalty fee, over-the-limit fee, etc.
* Choose a bad credit credit card that will report your payments to the three major credit bureaus.
* Check if you are allowed to upgrade your account to a non-secured credit card after a year of consistent payments
Guaranteed Approval Credit Cards - No Credit, Bad Credit, No Problem. Prepaid Credit Cards. Also Great As Gift Cards! These are pre-paid guaranteed approval credit cards. Meaning the credit limits equal the amount of money you put on the card and they provide you with instant approval. If you have been turned down for a credit card before, these are the credit cards for you. In most cases there are no credit checks! All of these offers are from our sponsors.
Pre-paid credit cards can also be used to rebuild your credit. They also make great gift cards. As gift cards you can use them to just give the gift of cash.
Secured Credit Cards - No Credit? With a secured credit card, your credit limit matches the security deposit you provide. With good payments you can be considered for unsecured credit card offers.
Review Disclaimer:
Review information was gleaned from the website, and is neither an endorsement by us nor an confirmation of content nor a warranty of any promises made by the website. Use the review information at your sole discretion and sole liability.
Credit Cards for Average Credit - See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.
If you have a credit score between 620 and 659 - you've probably made a few mistakes in the past leaving you with fair to average credit. Don't worry, there's several credit cards designed just for you. The cards listed below have competitve terms and will help you get back on track! Keep in mind, if your credit is on the higher end, you might still qualify for some good credit offers.
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.
Easy, anyone approved credit card offers - Browse our popular, most recommended credit cards then submit an individual or cosigner credit card application. Our number one recommended credit cards are specifically for bad credit people seeking a card to help them establish or rebuild credit. Unlike large limit credit cards that require above average; and some actually require excellent, credit scores, these cards are primarily for low income people with troubled credit. Of course due to the high risk, they have above average interest rates and may have lower credit limits and rewards.
