How to Get a Credit Card if You Have Bad Credit
Get a Credit Card if You Have Bad Credit
You can still get a credit card eventhough you have a bad credit, although it would make large purchases doubly hard for you. Follow these simple steps to get a credit card even with your bad credit.
1. Get your credit cards from smaller retail stores. Sometimes smaller retail companies are more willing than bigger stores to give you a chance. Once your application is accepted, make small purchases only and be sure to pay on time at least the minimum payment each month. (You won't pay as much interest rates if you pay above the minimum payment.)
2. Apply for a credit card thru your bank, credit union or savings institution. They may be more willing to approve a credit card for you if they have your business already.
3. If all else fails, then you can apply for a secured credit card. A savings account will be required for you to maintain as your line of credit security.
4. Ask a family member or a friend to act as a co-signee for a credit card. Make sure you choose someone with good credit as their credit will be inline as well. They must pay if you can't pay your balances and it will be bad for their credit rating.
Tips & Warnings
* Pay all your bills on time while you are trying to get a credit card
* Get no more than 3 credit cards- 2 cards with a smaller credit limit and a third with a bigger credit limit you can use in case of emergencies
* Don’t get a card from the same store and the same company. There’s a wide array of issuers available and they are all widely-accepted.
* Pick a card that does not charge an annual fee.
* Demand an explanation if your credit card application is denied. It is your lawful right.
* Control your spending. Don’t buy more than you can afford.
* Due to large interest rates, you might not be able to pay the balance. You might be overspending if you cannot pay the balance each month so stop using the card until the balance has been paid.
* There is no tax reduction for Credit card interest.
VIA eHow
Keyword: Credit Card
Get a Credit Card if You Have Bad Credit
You can still get a credit card eventhough you have a bad credit, although it would make large purchases doubly hard for you. Follow these simple steps to get a credit card even with your bad credit.
1. Get your credit cards from smaller retail stores. Sometimes smaller retail companies are more willing than bigger stores to give you a chance. Once your application is accepted, make small purchases only and be sure to pay on time at least the minimum payment each month. (You won't pay as much interest rates if you pay above the minimum payment.)
2. Apply for a credit card thru your bank, credit union or savings institution. They may be more willing to approve a credit card for you if they have your business already.
3. If all else fails, then you can apply for a secured credit card. A savings account will be required for you to maintain as your line of credit security.
4. Ask a family member or a friend to act as a co-signee for a credit card. Make sure you choose someone with good credit as their credit will be inline as well. They must pay if you can't pay your balances and it will be bad for their credit rating.
Tips & Warnings
* Pay all your bills on time while you are trying to get a credit card
* Get no more than 3 credit cards- 2 cards with a smaller credit limit and a third with a bigger credit limit you can use in case of emergencies
* Don’t get a card from the same store and the same company. There’s a wide array of issuers available and they are all widely-accepted.
* Pick a card that does not charge an annual fee.
* Demand an explanation if your credit card application is denied. It is your lawful right.
* Control your spending. Don’t buy more than you can afford.
* Due to large interest rates, you might not be able to pay the balance. You might be overspending if you cannot pay the balance each month so stop using the card until the balance has been paid.
* There is no tax reduction for Credit card interest.
VIA eHow
Keyword: Credit Card
