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Bad Credit Credit Cards
There are various credit card companies offering and extending the guaranteed credit regardless of your poor credit. People can select them on the basis of such parameters as APR, enrolment fee, credit limit, extended warranty protection, emergency cash transfer and other extra benefits. Using these credit cards and enjoying the benefits of having it can raise the credit rating back up.
Secured credit cards represent the first type of credit cards for bad credit. Almost anyone can use these cards, even those with bad credit or a record of bankruptcy. It is because the cards are of prepaying variety. If using the card wisely, one might be allowed for credit beyond one’s deposit. In case one is issued a secured credit card, one makes his own deposit which becomes his credit line.
High interest credit cards represent the second type of credit cards for bad credit. They may seem like a good idea for some people. A high interest rate speaks for you not being trustworthy in the eyes of the bank. You can start establishing or rebuilding credit without spending much in interest, if carrying a low balance on your card.
Another option is a low balance cards. These cards are available from all the major card companies among which mastercard and visa and are with a low spending limit. It is best of all not to go over the spending limit and make payments on time; over time you can be eligible for a higher spending limit.
First PREMIER Bank Gold MasterCard®
- Low APR on purchases; For those with less than perfect credit; Using wherever MasterCard® cards are accepted; over 3 millions use this card; Reports monthly to four major credit bureaus; 24-hour account access by phone; Quality customer service; Know if you are approved within 60 seconds
- Intro Purchase APR – None
- APR as low as 9.9%
- Intro Balance Trans. APR – None
- Annual fee – None
Orchard Bank Classic MasterCard®
- Accepted at millions of locations throughout the world, including reservations and website purchases
- 24/7 Account information is at your fingertips and updated, so you can manage it your way
- Text messages and emails to remind you of your upcoming payment due date with online enrollment
- Intro Purchase APR - None
- APR as low as - 7.9%
- Intro Balance Trans. APR – None
- Annual Fee - see app.
AccountNow® Prepaid Visa® Card
- NO ACTIVATION FEE – when you load your card by direct deposit
- Instant Approval– no security deposit, no credit check
- Free Online Check Writing. There is no need for expensive money orders
- $0 Overdraft Fees. There is no minimum balance required
- Free Direct Deposit – no more check cashing fees
- Free Credit Builder – bill pay transactions are reported to PRBC®
- Reloadable - $10,000 balance limit
- Intro Purchase APR – None
- Intro Balance Trans. APR
- APR as low as – Nones
- Annual fee – see app.
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