In fact, all charge cards are genuinely simple to get – all that is required is a straightforward online application and backers will by and large let you know whether or not you qualify in only a few minutes.
However, if your FICO score is what’s causing you to struggle with getting approved for a new credit card you will be happy to know that you still have a lot of good credit card options out there. Many of these cards are lower limit cards. If you utilize these cards for normal monthly expenses and pay them off up to 90% each month, you will begin to notice your FICO increase month over month.
Best Credit Cards for Fair Credit
Fair credit simply means that your credit score is in the “reasonable” range (650-699). So your credit is a little discolored, however, nothing that can’t be altered with a little help. There are currently five great choices that ought to be simple for you to get. Each of the following cards have decent incentives attached. For example, cash back, or rewards towards travel and so forth. With fair credit, you should be able to obtain a card with no annual fee.
Capital One® QuicksilverOne® Cash Rewards Credit Card
Capital One® Platinum Credit Card
Barclaycard Rewards MasterCard®
Credit One® Platinum Visa® Rewards Credit Card
Credit One® Platinum Visa® with 1% Cashback on Eligible Purchases
The above cards are all great choices for individuals with a fair to good credit rating.
Best Credit Cards for Bad Credit
Now if your credit score has dipped below 650, all is not lost. There are options out there for you also. The cards listed below are some you may want to consider to help you rebuilt your credit.
Credit One Bank—Credit One has helped millions of people rebuild their credit by approving them for a credit card. This card has been especially designed to help individuals rebuild their credit. Their first year annual fee is $0-$99. You will most likely get a limit of credit set at $300 when first opening account. Your account will be reviewed periodically for increase of credit line.
Indigo Master Card--Indigo is a company that will most likely approve a person with bad credit for a card. Granted, there is an annual fee to and interest to consider. The annual fee of $0-$99 will definitely limit your use of the card but if you are simply looking for a card to help you restore your credit, this is one you may consider. Use it sparingly and pay it off each month and you will see the results in a gradual rebuilding of your credit score.
Milestone Master Card–This credit card has an annual fee of $35-$99. The credit limit for this card is $300. Annual fee is charged on the first statement which of course will lower your spending limit. This credit card even offers cash back awards of 1% on many purchases.
Surge Master Card–Rest assured that this card as well as the others listed are legitimate. Of course, you will still have the annual fee of $75-$99 to deal with. In addition, after your first year, there will also be monthly fees of $10 to be aware of. However, the potential for a higher credit limit is greater than other cards. If your credit limit reaches $750, monthly fees will not be imposed.
Benefits Received From Cards
The above cards have benefits that you need to consider. They all report to the three major credit bureaus. Responsible use of your card will improve your credit rating. In addition, you can “pre-qualify” for these cards without harming your credit score. Their sole purpose is not for a lifetime of use but rather to help you improve your credit.
Raising Your Score
The ultimate goal of obtaining any of the above cards is to raise your credit score. Once you achieve this, your options will be wide open. It will take time and diligence but a low credit score does not have to remain there. The above options will help you to achieve that goal. Once you have raised your score, you are free to apply for a card with no annual fees and lower interest rates and one that even offers rewards. Consider the above cards as stepping stones to a higher credit score.
Simple Rules For Applying For A Card With Poor Credit
Getting a credit card is one of the most ideal approaches to start repairing your credit. In any case, there are a couple “principles” to keep in mind to direct you towards the most ideal result. Before you apply, here are some essential tips to consider:
Know your credit score
Decide if you want a card or if you really need a short-term loan. If it’s the latter, check out the Best Bad Credit Loan options.
Sign up for a credit monitoring service
Don’t apply for the best rewards cards, travel cards, or cash back cards
Consider using a prepaid debit card if you find yourself falling behind
Knowing your credit score is essential. Knowledge is power. Once you know you can begin working on it. You are entitled to receive a copy of your credit report at no cost every year. You can visit the website AnnualCredit Report and request a copy. Also, consider monitoring your credit with a free online credit monitoring site. CreditKarma is one that millions use.
As you examine your credit report, look for ways you can improve your score. Look for items that may affect your score adversely and focus on repairing these. Not only will checking your credit regularly help you comprehend what’s going with your credit report, it can also likewise shield you from future negative effects of identity theft or credit card fraud.
While there are a plethora of credit card offers available to individuals with any credit circumstance. Our extensive team of credit card pros take the time to research and dig deep in each credit card offers. Whether you have good credit, bad credit, no credit, looking for lower rates or saving money. We know offers are worth showing to you.