Even if your credit rating is not the best you can still get a credit card. You may have to pay a higher rate of interest as well as some fees. There are a number of lenders that offer credit cards to those who have less than stellar credit. Contact several sources and compare the terms and conditions to see which has the best offer. Comparing offers helps you save money with fees and finance charges.
Contact creditcards.com and apply for a credit card. You will be able to apply for credit cards that match or are consistent with your own credit file. Look to the left of the website and locate the "Search by Credit Quality" section. Click on Excellent Credit, Good Credit, Fair Credit, Bad Credit, or Limited or No Credit. If you are not sure what your credit rating is, click on the Not Sure? link.
Click on the bad credit link if you have bad credit. The website will display several credit cards for individuals who fall into this category. Compare the different features and benefits and apply for the credit card that fits your needs. After you decide which card you would like, click on the Apply Here button. The next page gives you an opportunity to enter all of your personal information.
Go to the bottom of the page showing the credit cards and click on page 2. You will be directed to a page with secured credit cards. With a secured credit card, you must open a bank account with an amount between $300 and $500. Your credit limit on your credit card will be the same amount that you initially deposit. If your account is past due, the money will be taken from this account. After a year of on-time payments, you will be able to get a credit card with more favorable rates that is not secured.
Go to credit.com/products/credit_cards/sub-prime.jsp and review all of the credit cards for people with bad credit. Each credit card offer has an Apply button. If you want more information click on the rates and detail link under the Apply button or the Full Offer button and you will receive all the information about a particular card, including fees, interest rate, grace period, universal default clause and other terms and agreements. The majority of these credit cards will let you start with a small credit limit such as $250. Your limit can be increased as you establish your credit and payments are made on time.
Go to creditinfocenter.com/cards/selectACard.shtml and there will be a number of credit card offers to choose from for those with bad credit.
Some of these credit cards have extensive non-standard fees, such as a program fee of $95, activation fees and monthly maintenance charges. Your credit limit will be reduced by the amount of these fees. Once you pay off the balance, you will have access to the full credit limit.