Bad Credit Credit Card – Overview & Best Providers

November 23, 2011

Bad Credit Credit Card

bad credit credit card

Credit cards with bad credit are absolutely possible to obtain, which they can be great for both getting a credit card which will provide you with the ability to be able to buy what you need, as well as help you rebuild your credit scores. Bad credit credit cards are offered by various banks, and enable you to build a strong credit score by:

  • Submitting your payment history to usually 3 different credit bureaus, which if you make on time payments, you will have 3 positive credit bureau reports, bumping up your credit score slowly but surely.
  • Either email or text message alerts which notify you when an upcoming payment is due, which is set a few days from the payment date, allowing you to have funds in your account come payment day.

For the most part, these bad credit credit card providers state that credit checks are not required, pretty much gauranteeing that you get a card as well as makes those who don’t really have credit, like students, able to receive a card as well. The possiblity could pose itself that you may have to sign up for a checking account, or pay a small yearly fee, but with so many different credit card companies competing f0r your business, there has never been a better time to obtain a credit card for those who have bad credit and still enjoy the benefits of those who have good credit, like no annual fee, rewards programs, cash back and more.

Bad Credit Credit Card Providers

Now that you know a little bit about the bad credit credit card process, you may want to know your options, as far as getting a credit card goes. Below are 3 reputable providers of bad credit credit cards as well as amn overview of the credit card experience.

Greendot Prepaid Mastercard

  • If you make 30 monthly purchases, you pay no montly fee.
  • No credit check.
  • Minimum balances are not required.
  • Zero overdraft fees.
  • US purchases are free from transaction fees.

Centennial Classic Credit Card (Mastercard)

  • You must have a checking account if you intend on obtain a card.
  • Excellent for those who are starting out and are looking to build a credit score.
  • They respond to your bad credit credit card application within 60 seconds or less.

Capital One Secured Mastercard

  • No fees for processing or applying.
  • Card holers can track their credit scores.
  • Reports go out to 3 credit bureaus.
  • A $3000 credit line increase can come as a result of submitting a refundable security deposit.

Orchard Bank Visa Cards

  • Annual fees are anywhere from $39 to $59 the first year, and the years after that, a flat $59 fee.
  • Comes with online account access where you can view payment history and apply for higher lines of credit.
  • 3 different credit bureaus are notified about your payment history.

All the above options provide their applicants with credit cards if they have either fair or bad credit, and provide an excellent option for those with negative credit as well as those looking to establish a good credit score.

If you are concerned about your credit score, or just need tips on how to boost your credit score after you get your bad credit credit card, you can check out the following link which provides you with easy to follow tips that can result in a fast and long term boost to your credit score: credit score boost.

Category: Credit Card Consolidation

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