Easy Approval Credit Card Applications With a Bad Credit Score

I can still remember seven years ago when I applied for an American Express card online. It took more than one month for me to get approved. Nowadays it's a lot different. With instant approval, you usually receive notice via email of your acceptance within seconds of completing an online card application. If you have a good to excellent credit record you can even get an easy approval credit card with guaranteed 10,000 limit or an easy instant approval student card, but what happens if have a bad credit score? Are you doomed to pay all your purchases in cash? Certainly not so don't despair.

The first alternative for people with bad credit score is to get a "secure card." There are some major card issuers which requires applicants to make a deposit or what we call "secure cards." If you have a bad paying history, the most logical thing to do is save a little money to be used later on to "pre pay" a card. A secure card is a no credit card because the amount you can charge against the card is determined by the amount of your deposit. If you deposit, for example, ,000, then you can charge up to ,000 only. Hence, there is no actual "credit" being extended. Typically, these cards are marketed as no credit credit cards because of the fast, easy instant card approval.

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The second alternative is to search for a "bad credit credit plastic" and find an easy approval unsecured credit, but they should try to resolve their bad credit issues and prevent further damage to their credit score.

Easy Approval Credit Card Applications With a Bad Credit Score

While there are plenty of bad credit credit plastic choices available, they can do more harm than good if not used wisely. This is one way for a consumer to repair his damaged reputation by making up to date payments on his bad card and eventually upgrading to the real credit card in the future. And also a bad card charges a higher interest rate because of the increased risk to the issuer.

The third option is to apply for a debit card. Debit cards are cards that can be used depending on how much money the user transfers to the specific card. Consequently, the risk of running up credit card debt is nil. There are also no finance charges to contend with, only minimal fees for application, start-up and ATM card.

Credit cards for bad credit score were designed to rebuild credit that had been damaged. For those with no credit or poor credit there are secured credit cards, bad credit credit cards and debit cards but there are also unsecured cards that can be used for this purpose. These cards generally come with low credit lines (around 0) and additional fees. This kind of card will not allow you to on shopping sprees but it will certainly help you restore your damaged credit history. If you're disciplined and pay all your bills on time you can ask for a credit increase after a while with an end goal of upgrading to an easy approval credit card with guaranteed 10,000 limit. Isn't that wonderful? But in the meantime let's concern ourselves with finding easy approval credit card applications with bad credit score.

Easy Approval Credit Card Applications With a Bad Credit Score

The author is into e-commerce and online marketing. This article was written for those people with bad credit score not to despair and that they still have a chance to bounce back from financial adversity.

raul@sanrahglobal.com

Main website [http://www.high-end-lighting-fixtures.com]

Unsecured Credit Cards for People with Bad Credit - Instant Approval is Possible

Today, there are a number of financial institutions that provide unsecured credit cards for people with bad credit using online facility where you can get instant approval within 60 seconds. Unlike secured credit cards, unsecured credit cards do not need special savings account to be established with the credit card issuer. You can apply online and fill out the credit card application with your personal details, income, and credit report. Approval process can take just in a matter of hours and you will get an email notification to advise whether or not your application is approved.

Getting an unsecured credit card can be useful to improve your credit score. People may lose their credit rating for a number of different reasons. One of the ways to improve your bad credit rating is to rebuild your credit history by applying for a credit card for bad credit. The credit card company reports your credit card history to three major credit card bureaus. Therefore, with smart spending and discipline in making payments, over time you not only enjoy the benefit of the credit card but also repair your credit rating yourself.

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How to find unsecured credit cards that suit you best

Unsecured Credit Cards for People with Bad Credit - Instant Approval is Possible

Most of the time you receive offers to get an unsecured credit card through mail. They are, however, usually intended to those with a good credit score. If you have a bad credit the best thing to do is to go online and research a number of options from different credit card providers. The applications made online are secure and confidential, and one can easily find out whether his/her application for an unsecured credit card on bad credit was approved or not. The majority of these cards can easily be applied for online, and some even guarantee that approval will be granted within 60 seconds.

There are some criteria that you may want to look at when searching for online unsecured credit cards. The first thing is interest rate. You need to find a credit card with a low interest rate. While some companies may be able to provide instant approval for an unsecured credit card, you should be aware of how much they will charge you for every dollar you spend. Choose one with the interest rate between 9% and 10% per annum to help you maintain good balance and avoid getting ripped off due to high interest rate.

The next thing is application fees. We have discovered a number of credit card companies that charge you no application fees and yet there are some that apply over 0 just for the application alone! Many do not even realize it until they see the transaction in their credit card statement.

Another important thing is you have to make sure that the financial company you are applying the credit card from are able to issue reports to all credit bureaus in the proper way. This is to help you slowly rebuild your credit rating as you make the regular payment for your credit card.

Unsecured Credit Cards for People with Bad Credit - Instant Approval is Possible

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