Choosing a credit card for bad credit, no credit or good credit.

Helpful guide for choosing a credit card = Card you may qualify for based upon your credit   ATM Card Debit Card Guaranteed Issue Card Major Unsecured Credit Card Major Platinum Credit Card Bankruptcy (Non-Discharged)       Bankruptcy (Discharged)     Bad Credit (Major credit problems)     Fair Credit (Minor credit problems)   Perfect Credit (700+ score)

Choosing the best credit card that's right for you:

Not only are there different issuers, there are many different types of credit cards, so how do you choose a card that's right for you?

To choose the best credit card for you (and one which you'll have greater success in getting approved for), narrow the choices according to your current credit history. If you have no credit or bad credit, you can immediately disregard the high credit limit, high perks cards offered by major, well-known issuers.  Typically these are platinum or titanium cards that allow you to make charges wherever the card is accepted, whether at brick-and-mortar retail stores, online stores, or by making purchases over the phone.

If you have fair or good credit, more options are available to you. If your credit rating is near excellent, your options increase.

If you don't know your credit rating, you should order a credit report before applying for a credit card.  This will also help you spot fraudulent activity and errors so you can make corrections before you apply for a credit card.  Why get rejected for credit, or pay higher than necessary interest rates, because of errors on your report?

Even if you don't know your exact score, you may already have an idea of your credit rating, particularly if you recently applied for credit but were denied.

So with your credit score in hand or your best guess in mind, you can consider credit card offers within the following three ranges:

Bad credit, no credit: Consumers in this category pose a high risk to issuers, so don't expect a large, unsecured credit limit with perks. Typical cards for consumers in this category are:

Catalog cards: Catalog cards; also referred to as "Merchant Cards", allow the card holder to purchase items on credit from a specific vendor or from a certain catalog.  Most of these cards are marketed as "guaranteed" approval because they limit how the card may be used. Examples of this type of card are those offered by retail stores, whereby the card can only be used for purchasing products from the retailer and not from any other store, nor can such cards be used for booking airline or motel reservations.

Secured sawcards: Secured cards; including debit cards, offer more flexibility than catalog cards, but do not provide any unsecured line of credit. Purchases are "pre-paid" by the card holder depositing funds into the account.

Troubled credit: Consumers in this category will have a few more options in regards to unsecured credit cards, but again don't expect to be approved for large, unsecured credit limit cards with perks. Typical cards for consumers in this category are:

Sub-prime credit cards: Sub-prime credit cards are unsecured, low credit limit cards, which may award higher credit limits as the card holder's credit rating improves.  The key here is to find a sub-prime credit card that reports timely payments to the major credit bureaus so the holder's credit report score may improve. These cards generally require activation fees.

Good credit: Consumers in this category are sought after by major card issuers, which is the reason why so many offer perks and special introductory or balance transfer rates. Typical cards for consumers in this category are:

Platinum and Titanium credit cards: Regarding platinum and titanium credit cards, do not confuse catalog platinum or titanium credit cards (often marketed as "guaranteed" approval), with platinum cards offered by major issuers such as Visa or Chase.  The "real deal" platinum and titanium cards allow the card holder to make purchases wherever the card is accepted and is not limited to a certain retailer, vendor or catalog.

Since typical platinum and titanium credit cards require an above average credit rating and income level, issuers will often offer 0 introductory on purchases or balance transfers, plus other perks such as mileage points, in order to gain new customers.  If you qualify for such cards, resist the temptation of taking full advantage of the credit limit, or you may discover you've gotten yourself into too much debt and jeopardize your good credit standing.

When considering these cards, three key issues you may want to consider are:

1) If you have balances on existing cards, would there be a balance transfer fee or a separate interest rate for transfers? Are special rates only for a certain period of time? And is there a limit as to how much debt you can transfer?

2) What is the annual fee, if any, and the interest rate? Does the interest rate apply to balance transfers or only to new purchases? Is there a fee for balance transfers?

3) What are the perks, and what perks will benefit you the most? If you travel frequently, you may prefer a card that offers frequent flyer miles, rental car or lodging discounts.  If you plan to use your card mainly for shopping, you may prefer a card that offers a cash back percentage or free extended warranty coverage.

Before applying for any credit card, be sure to read the full terms and disclosure. If you don't understand a particular term, call the issuer and ask for clarification.  Be sure you're aware of any fees, over-limit charges, and if the interest rate may be changed for any reason, including if you are ever late making a payment or exceed your limit.  Additionally, ask the issuer if they will increase your interest rate if you are late making payments on other bills, such as utility bills or mortgage payments.

Lastly, if you already have a credit card but you're shopping for a lower interest rate, first ask your current issuer if they will lower your rate. Let them know if you've received better offers. If you've been a good customer, many issuers will work hard to keep your account active and to please you.

Need more credit card information? Read our financial and credit articles about choosing credit card offers.

Credit Card

The latest news is that MasterCard and Cardtronics have announced an alliance to provide prepaid MasterCard issuers and program managers the ability to expand through Cardtronics’ Allpoint Network®. This is the largest surcharge-free ATM Network. This can give prepaid MasterCard issuers the means to compete for new business, and participants could have surcharge-free access to thousands of ATMs in the U.S..

MasterCard likes to provide solutions that strengthen their programs, and provide benefits to issuers and cardholders. Providing a surcharge-free ATM network can be very important and help gain more business. This can be a way to make prepaid offers even better for a cardholder. Allpoint is in 50 states and they are located in high traffic locations like Target® and Costco®. This can let MasterCard issuers go beyond the levels of surcharge-free access and meet the demands of cardholders for surcharge-free ATM use. Providing cardholders with what they want and need is very important. Cardtronics is the world's largest non-bank owner of ATMs and operator of the largest surcharge-free ATM Network, Allpoint. They provide financial institutions with better ways to help customers.

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MyCreditCardFinder.com Review - MyCreditCardFinder.com 2002-Present

* Applying For A Credit Card: What are credit card companies looking for when they process your application? How do they decide who is "pre-approved"? How can you establish a credit rating, or rebuild a poor rating?

* Credit Card Applications Online: If you have a subprime credit rating, we can find a card that will extend you credit without exorbitant interest and fees. If you’re just beginning to establish a credit record, we’ll tell you what companies are best for that purpose.

* Rewards Credit Cards: Everybody loves to get a little something extra. Credit card companies recognize this and use rewards to entice you into using their card. Since there are so many companies out there vying for your business, there is a wide array of rewards to choose from.

Compare Credit Card Offers: The range of credit card offers available is simply staggering. Each one has different advantages and disadvantages, and each comes with reams of small print. As a smart consumer, you want to be certain you're choosing the best credit card for your purposes, but it sometimes feels as though you're trying to compare apples to oranges and bananas and plums--and several dozen varieties of each. Each time you have to fill out forms, and then wait to see whether you're accepted.

That's where MyCreditCardFinder.com can help. We can relieve you of the need to spend hours and hours trying to find the right credit card offer. We know what's out there, and we are familiar with all the details of each offer.

All you have to do is fill out a short questionnaire that gives us information about what kind of card you're looking for, your credit history, and your current financial attributes. We take over from there, and sift through all the offers to find the one that works best for you.

Credit Cards for a Variety of Purposes: If you are trying to establish credit for the first time, or reestablish credit after a problem, we can find a secured card that will start you on your way. If you already have excellent credit, you may be able to find a card that offers valuable rewards, has a lower interest rate than your current card, or provides for balance transfers that will save you money. No matter what your purpose, there will be many different companies that want your business. Let us help you find the one you'll want.

Credit Cards For People With Bad Credit: Bad credit sometimes happens to good people. Perhaps you lost a job that seemed perfectly secure. Maybe you had astronomical medical expenses only partially covered by insurance, or not covered at all. There are many understandable reasons why responsible people might lose their good credit ratings.

Credit companies recognize this, and offer ways for you to restore your credit. The easiest way to do this is with a secured credit card. You deposit a certain amount of money, say $500. You are issued a card with a $500 credit limit. If you keep within your limit and pay all charges on time, eventually your deposit will be returned.

Some unscrupulous companies offer credit cards to people who have recently declared bankruptcy or had other serious credit issues. These cards carry exorbitant interest rates, but often consumers are so relieved to be offered credit at all that they agree to these terrible rates. How can you separate legitimate offers from offers by gougers?

Let MyCreditCardFinder.com Help You Sort Them Out: MyCreditCardFinder.com keeps track of all types of credit card companies. We know which companies are legitimate lenders to subprime credit risks. We can help you find the best card to reestablish your credit. There's no need for you to fill out countless applications. Just give us some basic information and we'll filter out the cards that best suit your needs. It's quick and easy, and it will set you on the path to a restored credit rating.

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GetApprovedToday.com - 2011 © www.getapprovedtoday.com

Apply for a credit card and use it today - Instant approval credit cards are ideal for individuals with good to excellent credit who are also looking to make use of their credit line in a relatively short amount of time. Last year, internet searches for the phrase "instant approval credit card" beat related phrases such as low interest or rewards by a 2:1 ratio, showing a growing trend among consumers that favors the speed with which they can begin to use a credit line.

The cards listed on this site have all been deemed as "instant approval" by their respective issuing banks. Cards are listed in order of popularity and have no bias toward one bank or another. 

Get a credit card overnight - Instant approval cards are exempt from the usual time-consuming credit review process for one of two reasons, both of which are completely dependent on your credit history:

* Your credit report identifies you as a person with good to excellent credit history, which means you have a high probability of paying your bills on time and therefore represent a low risk; or,
* Your credit report shows fair to poor credit history, meaning you represent a high risk to the issuing bank since you may not be able to make your payments on time. 

For people with fair/poor credit, your rating and history have identified you as a potential risk to the credit card company. This doesn’t necessarily discount you from getting an instant credit line, though it will mean that you have to pay a price to the credit company in order for the relationship to be worth their while. This will usually take the form of higher interest rates or steep annual fees, so if you have less than perfect credit but you need to get a credit card make sure you know what you’re getting into ahead of time by reading the terms and conditions first.

For people with average credit, it would be worth your while to wait the additional time and pursue a card via conventional means which means enduring the usual waiting period. Since instant credit products pander to the extremes of the credit scale (very good credit or very bad credit) a person with average credit would likely be denied the offers for excellent credit, nor would it be worth it to get a bad credit instant approval card since the fees are on the high side.