Bad credit history – Obtaining cards without a good credit record
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Credit Card Applications » Research » Guides » Building Credit History » Bad credit history – Obtaining cards without a good credit record

Bad credit history – Obtaining cards without a good credit record


Updated: December 26, 2012

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People are usually uninterested in applying for credit cards when they don't have a decent credit history. In fact, bad credit history is considered as one of the main reasons for people to not apply for credit cards. However, this is completely untrue, as many people with not so great credit history have managed to obtain credit cards today. You need to know the tactics that you have to implement in order to get the right kind of credit cards. Listed below are some valuable tips that you can implement in this regard.

Opting for a lower credit limit

One of the simplest tricks that you can make use of is to go in for a credit card that has a lower credit limit. These cards are usually given to people without very high credit requirements. Hence, it is a solution that you can go in for if you desperately want a credit card but have not been able to apply for one due to some restriction or the other. Many credit companies are quite lax about this, especially when you opt for credit cards with lower credit limits and higher interest rates. They find it less risky when the customer pays more interest rate.

Cards with higher annual rates

Another solution that you can go in for is to go in for credit cards that come with higher annual rates. If you are constantly getting turned down by financial institutions for not having sound financial record or some other reason, then you should perhaps opt in for costlier cards that have a better approval rate but are also more expensive to make use of. These are the cards that you might be interested in knowing more about since they are provided to pretty much everyone that applies for them.

Hence, you should not be dissuaded into applying for credit cards simply because you have bad credit history. There are alternates that you can make use of in order to get a credit card and subsequently improve your credit history. For many people, this might not seem apparent right away. But, over a course of time, you can learn about how to get a good credit card and build your credit history in this manner. After all, you can't just be idle with a bad credit history and do nothing about it. The best way to improve it would be to opt in for credit cards that can help restore them to a good figure.

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