Online Applications | Credit Cards for People With Bad Credit
Compare the best credit cards for people with bad credit at www.securedcreditcardlist.comwww.securedcreditcardlist.com. As we all know, responsible credit card use can lead to a lifetime of low-interest rate loan opportunities. Notwithstanding a less than perfect credit record or minimal income, credit card issuers often give consumers a second chance to repair their credit history through the use of a secured credit card or a pre-paid credit card. This is an opportunity that should not be taken lightly, particularly in light of the enduring credit crisis which has made it difficult for many working people with good credit records to receive new credit cards, auto loans and mortgages.
Secured credit cards issued by Bank of America, Capital One and New Millenium are specifically designed for applicants with imperfect credit histories. Some of the features offered by these credit card issuers include:
* Credit Lines available from $300 to $10,000
* Set your own credit limit
* Build or reestablish your credit
* Save with a low non-intro variable APR, currently 14.9%
* Exclusive savings on featured deals
* Know you are protected with $0 fraud liability if your card is ever lost or stolen
During continuing economic instability, uncertainty in the stock market, illiquidity in the credit markets and the softening real estate market, one thing remains constant – consumers with damaged credit records should be given an opportunity to re-build their credit. Responsibility, however, is essential. If you do not have sufficient funds to buy something now, you should consider saving until you can. Credit cards are most beneficial when you can afford to pay your balance in full every month. In these turbulent economic times, where credit is getting more difficult to come by, it is important to establish a strong credit profile by establishing credit early and maintaining a consistent payment history. Credit cards issued by Bank of America, Capital One and New Millenium are tailored for applicants with less than perfect credit.
www.articlesbase….-662952http://www.articlesbase.com/credit-articles/apply-online-credit-cards-for-people-with-bad-credit-662952.html
www.articlesbase….-661368http://www.articlesbase.com/credit-articles/apply-online-secured-credit-cards-for-consumers-with-imperfect-credit-661368.html
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Think you’ve got it bad with the fees your credit card charges you? Well try this: $247 up-front, for a $300 credit line… And that’s not the worst of it!
Help answer the question
Credit Repair – Credit Cards – Does the type of card make a difference?
I found a huge credit card directory… Does the credit card you apply for make a difference on your credit report?
If I apply for a poor credit credit card – http://www.affiliatetier.com/credit_repair/credit_cards.php – Would this effect my credit report?
If I apply for a really great credit card like American Express Blue: http://www.affiliatetier.com/credit_repair/credit_cards.php?review=23 – Would this look good on my credit report if I am approved? And would this look really bad on my report if I am denied compared to a poor credit credit card?
I have been reviewing all the credit cards: http://www.affiliatetier.com/credit_repair/credit_cards.php & found http://www.affiliatetier.com/credit_repair/credit_cards.php?review=23 to have an overall rating and benefit rating as the highest so far… I am scared to apply if I get turned down and it shows on my credit report as being turned down by a GOOD credit card…
credit card repair
Tags: Apply Online Bad Credit Card, Apply Secured Credit Card, Bad Credit Credit Card, Bankruptcy Credit Card, Christopher Dodd, Credit Repair Credit Card, Imperfect Credit Credit Card, No Credit Credit Card, secured credit card
This entry was posted on Tuesday, August 25th, 2009 at 4:51 am and is filed under Credit Card. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
August 25th, 2009 at 4:53 am
Even promotional offers that offer pre-approval with no credit checks and no job verification still have criteria that must be met prior to approval.
Whenever you are denied credit, the company must send you a letter with the reason for their decision, so wait for the letter and that will give you the exact reason.
August 25th, 2009 at 5:50 am
Chase, “Washington Mutual” loansharks, and Capital One need to be run into bankruptcy and stomped on without mercy.
August 25th, 2009 at 6:12 am
I had a similar experience with Washington Mutual. They said that a credit card application could be approved in as little as 30 seconds. However, when I applied they told me that a decision would be sent in the mail. I thought it meant I was declined, but about 2 weeks later I received my card in the mail. Also remember that if you are declined you have the right to receive a free copy of your credit report. They will instruct you on how to obtain this in the letter they send you.
August 25th, 2009 at 6:34 am
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August 25th, 2009 at 1:22 pm
I believe one of the best is OrchardBank.com.
They will prescreen you which is nice(a soft credit hit, not a hard, so it doesn't hurt your score) and they'll offer you a card. Two years ago I started with a secured card(was $35/year and had to secure it with $200) About a year later, HSBC, the owner of OrchardBank mailed me a preapproval letter for an unsecured card($40 annual fee) I still have both cards and pay the annual fee just because I'm still not able to get a card with no annual fee.
That would be my best suggestion. I haven't really had any problems with them except when you call customer service you have to call 3 or 4 times if you don't want to talk to someone in india.
August 25th, 2009 at 5:46 pm
They offer secured credit cards in the event that you're not approved for a regular card. It can take anywhere from 3 days if you request express shipping to 15 days
August 25th, 2009 at 8:47 pm
Agreed, all the banks already hiked up their interest rates without even telling the consumer.
August 26th, 2009 at 3:28 am
freecreditreport.hotusa.org – try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.
August 26th, 2009 at 12:31 pm
the bill didn’t go far enough, because there is still no absolute federal limit on interest rates.
August 26th, 2009 at 2:54 pm
your next job isn't fact yet, i wouldn't use it. you can open a paypal account using your checking account and link it w/ a debit card which is a mastercard for such purchases, no credit needed, and you only buy what you actually have money for w/o going into debt. your checking account may have a similar card w/ a visa/mc number.
as for unemployed now, if you're collecting unemployment w/ job attached, you can still show income and use your last job as it is what the income you're presently receiving is based on as well.
August 27th, 2009 at 7:59 am
Sounds like K Street is running low on money to bribe the politicians. The congress is taking steps to rein in the CC and banks? Its unpatriotic to not rob the middle class.
August 27th, 2009 at 8:40 am
This is awesome unless you pay off your cards at the end of the month.
August 27th, 2009 at 1:33 pm
You have to be 18 to legally enter into a contract. Just wait.
August 27th, 2009 at 1:51 pm
Nothing important will come of things; its just window dressing. Banks borrow from the Fed at 1% and loan that money to us suckers at 29%+ and they bribe politicians to essentially keep the status quo thievery.
August 27th, 2009 at 10:20 pm
First Premier is a very sub prime lender. You pay all of those non refundable fees to have a crap card.
Go to the Orchard Bank, HSBC and Bank of America websites.
They have a card selector that you can do for what may be recommended for you. The card selector will not pull a hard inquiry. But, if you apply for the card that is recommended, then they will pull a hard. Keep in mind that even if a card is recommended, you still may not be approved.
If they recommend a secured card, that is still better than First Premier. The money that you use for the secured card "is" refundable when they unsecure the card or you close the account.
Try store cards also. Like Walmart, Target etc.
You might go to Crown Jewelers and apply.They do not pull an inquiry. But there is a small catch, you have to purchase something for them to report. Though, purchasing the most inexpensive item will probably get you a $1500 limit reporting on your credit reports.
August 28th, 2009 at 8:14 am
I had to give up reading your post and just cut to the chase. Pay off that first card that has all the extra fees — transfer it to another card if necessary. Then cancel that account via letter. Request written confirmation that the account is closed and 0 balance.
Next when you get that 4th card that has all the fees, don't activate it. Immediately send a letter saying you changed your mind and cancel the account. Again, asking for written confirmation that the account is closed and 0 balance.
This will leave you with two Capital One accounts, the old one that is maxed out and the new one with the balance transfer from your first card. It would be better to have accounts with two different banks but since you already have these, just stick with them. Don't apply for anymore credit cards.
Completely stop charging on these cards till you have them completely paid off. Take every penny you can squeeze out of your budget and put it on the highest interest rate, while making minimum on the other. When the highest rate card is paid off, move to the other one.
Once you get these accounts paid off, use both accounts but only charge what you can afford to pay in full every month. This will build a good credit history, save you interest, and keep you out of debt.
Also, be careful about the advice you find on some of these "credit" sites. There is a lot of really bad info out there. Collecting a big ole stack of credit cards in an attempt to improve your revolving debt ratio is really a very bad idea. That's how people end up over their head in debt.
Improve you revolving debt ratio by PAYING OFF the debt.
August 28th, 2009 at 1:10 pm
It’s not the industry problem. It’s the people that use the cards. They have no control over their own spending and got to have everything right now. Then they go broke. Can’t feel sorry got them.
August 28th, 2009 at 4:28 pm
odakueffect – I totally agree with you on that. I’m guilty of doing just that, and now I’m paying for it, unfortunately. At least I recognize that it was my choice to put myself in that situation. Thankfully, I have only one credit card, and the bank has been pretty good, and they are working with me when I have questions about my bill and/or payments. They have even reduced my credit limit until I can pay off the total balance that I owe. Hopefully I can get it paid off in less than 2 yrs.