Frequently Asked Questions
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Questions » FAQs » Bad Credit » I have poor credit. Are there banks that will approve anyone for a credit card, regardless of their ...

I have poor credit. Are there banks that will approve anyone for a credit card, regardless of their credit history?

Answered by , at
Add to Favorites:

Tags: , , ,

Leo Zhu

Many banks offer credit cards designed specifically for people who are rebuilding their credit scores. No matter how low your credit score or how damaged your credit history, there is a credit card that is right for you. Some of your options include:

  • An unsecured credit card. Some of the credit cards for people with bad credit will have a low credit limit, a high APRs and other fees, so be sure to read the terms and conditions thoroughly. There are some very good low-fee credit card options for people with bad credit, but you will need to review the terms and conditions to find the best one for you.
  • A secured credit card. These cards require users to put down a deposit as collateral, to pay the bill in case of default. The amount could be anywhere from $200 to $2,000, and that will then be your starting line of credit. In time, the limit may be raised.
  • A credit account with an online catalog. A credit account like Fingerhut or Horizon Gold offers guaranteed approval with no credit check and allows you to buy merchandise from their online catalog. They report your activity to major credit bureaus, so your credit can begin to improve if you make regular, on-time payments and keep the terms of your credit agreement.

Once your credit is on the mend after using one of these cards responsibly for a time, you will be eligible for credit cards with lower fees, low APRs, and higher limits.

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Guaranteed $500 Unsecured Credit Limit
For Bad Credit
Monthly reporting to the three major credit bureaus
For Fair/Bad Credit
Apply Now and Get a $500 Credit Line or More Today
For Any Credit

Other Questions in
Bad Credit