Best Credit Card For Poor Credit
Posted by admin on May 18th, 2009 at 12:00am
Question:
What would be the best credit card for poor credit?
I require something that does not involve sending a check to them beforehand.
Answers:
If you have poor credit the one thing you do not need is another credit card. If your credit poor bad you will not get the best credit card for poor credit with an decent interest rate or start up fee. The ideal thing for you to do is build your credit rating back up. In the meantime, if it is only a visa or mastercard, you will want to obtain a bank account and request a visa or mastercard debit card. Many companies accept these cards as a major credit card, but the main difference is it come right out of your bank at the instance of payment or shortly after.
It is really based on how bad your credit currently is, if you have a number of negatives or just a couple, and what type.
If you have really bad credit, it’s unlikely that you will be accepted for the best credit card for poor credit. Most likely, the best you may get is a secured card.
If your credit scores are in the higher 500 to lower 600 range, you could be approved for an Orchard Bank credit card, but you might need to pay a small annual fee. Orchard, Bank of America and HSBC each have credit card selectors on their own websites. They are not going to make a hard pull regarding the recommendation unless you really apply for a card. Bear in mind that even though a card is recommended, you still might get denied.
If your credit scores are in the lower 500s, I genuinely doubt you would be accepted for anything but a really sub prime credit card that has a ton of fees applied.
You should attempt to work on your credit beforehand. Have your credit fixed up and get prime cards.
Look at the sites that I have listed. It is a no-carge do it yourself credit fixing board.