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Credit Card For People With Bad Credit
The credit cards below are credit cards for people with bad credit (FICO score below 599). Apply for a credit card for people with bad credit online. By getting a credit card for people with bad credit, you can rebuild your credit and improve your credit score as long as you pay your monthly bills on time.
By clicking an application offer intended for people with bad credit, you will be directed to that credit card issuer’s website. Each credit card issuer provides a full listing of the terms and conditions that govern their credit cards. It is important to review these terms, because while every attempt is made to present complete and accurate information on CreditQ.com, the claims made on this page are for promotional purposes only. Any and all details, rules, and offers listed on the credit card issuer’s website supersede claims made on CreditQ.com.
If your credit isn’t stellar but you’re still in the market for a credit card, it may seem like you have zero options. Even though you can’t get a credit card with ideal rates, credit card for people with bad credit are specifically designed for those with a low FICO® score.
Two types of credit cards are intended for people with bad credit: “Rebuilding” (unsecured/secured), and Prepaid. (Note: secured credit cards and prepaid credit cards require you to supply some amount of money to establish your credit line.)
If you have bad credit, you need to start rebuilding it as soon as possible. Rebuilding cards are often the best option for a credit card for people with bad credit.
How can these cards help you improve your credit? By reporting to the 3 major credit bureaus each month. Thus, when you manage your card wisely (i.e., use it modestly and pay off the balance by the due date each month), this will be positively reflected in your credit profile. Likewise, if you don’t manage your card wisely (i.e., carry a high-percentage balance and make late payments), this will be negatively reflected in your credit profile.
Use The Credit Card for People with Bad Credit Strategically
Once you’ve used a rebuilding credit card responsibly for 12 months, your credit will likely increase enough to start getting better credit offers. You generally don’t want to keep a rebuilding credit card for too long, as they often include higher interest rates and fees.
Articles For People With Bad Credit History
The one issue with credit cards is that you can get in debt if you do not use them properly. However, if you use them in the right way, then you can potentially build up your credit score. People talk bad about credit cards, but it is only because they do not know how to use them.
Credit cards can seem like the last option with someone who has bad credit. Bad credit not only affects financial aspects in ones' life including mortgage loans, bank loans and even establishing a checking account at their own local bank but has a major role in finding a credit card.
Most of the cards available for those with bad credit may seem like a daunting experience, although many will find they are eligible for a credit card even though they may have bad credit.
Using one or two credit cards can be a smart decision, especially if you don't have any credit history, or if you have had previous bad debt and now need to re-establish credit. However, any credit card you do use needs to be managed carefully.
So, you have bad credit? It is not easy having bad credit. You need a credit card, but just can't get one with the big guys. Here is my story and how I finally got my credit established again after bad credit.