Pointers in Finding the Best Bad Credit Credit Cards

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 » Research » Guides » Building Credit History » Pointers in Finding the Best Bad Credit Credit Cards

Pointers in Finding the Best Bad Credit Credit Cards

Updated: December 26, 2012

Add to Favorites:

When I had bad credit, I became quite frustrated just in the process of finding lenders and credit card issuers. As I searched for bad credit credit cards, I noticed that most of these credit cards have the tendency to offer very low features. I have been asking myself how I could find the best credit card while I still have bad credit. I just wanted to avoid having to deal with lenders or issuers that would take advantage of my bad credit.

Here are some pointers that I used to avoid getting scammed when I was looking for credit cards for bad credits.

Some of the best bad credit cards are made for people who have the worst credit ratings. They would give out their approvals quite easily and this is because they have terms that are friendlier. Although this is so, most do not have the offers that could work for you.

It is a given fact that most credit cards would post different interest rates. And regarding credit cards available for those with bad credit, interest rates may be higher than the usual. Not unless you do your research first, you would have difficulty finding a bad credit card with a just interest rate.

What will you do to evade these scams? You can plan to put up some basic precautions. Be wary of credit card offers that you receive by mail, even if they would give instant approvals. To prevent being scammed, I made some research and most of the cards that would come from the mail are from small finance companies, tricking clients by using hidden fees and fine prints.

Another way to avoid these scams is by knowing your options. There is a considerable amount of bad credit cards found in the market today and you should look at each one cautiously. Do not forget to check all rates in the card and not just focus on the interest rates. Check the annual fee, the late payment fee, and see if the interest rates would vary according to the Prime Rate in the market.

Check also if this credit card will report your current status to the three major bureaus accurately. This will help you with your credit history, which is very essential in making your credit more attractive. Be sure to look for this particular feature in your bad credit card.

There are also some issuers that would automatically give credit card upgrades if you manage to remain dependable on your payments. On some credit cards, an instant upgrade will be implemented if you are able to keep up with your repayable in a year. With this card, you must make sure that you will be punctual with your payments and will keep your purchases within the set limit.

Being the last but certainly not the least precaution is to be vigilant regarding the terms and conditions. Read them carefully before signing that application form. Most of these terms are not elaborated in ads. The two things you do not want in your card are hidden charges and vague clauses.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

5 Reasons to Get the Capital One Venture Miles Rewards Card

By Herbert Moore, Posted: January 18, 2017

If you’re looking for a great travel rewards credit card—one that offers unlimited earning opportunities, flexible redemption, and lots of perks—look no further. This card from Capital One has you covered. Continue reading

Credit Card Tips For Holiday Shopping 2016

By Herbert Moore, Posted: November 23, 2016

November and December are the busiest months as gift shopping reaches its peak. People rush around looking for the best gifts and the best deals leaving a lot of money in the shops. Holiday season may force you to go over the household ... Continue reading

Credit Cards to Save More on Holiday Shopping

By Herbert Moore, Posted: November 22, 2016

Discounts and special offers are available all year round. Werther you are a bargain hunter or an impulse buyer, make sure you check online discounts and special offers. Also, if you are a cardholder, see if your credit card opens the door ... Continue reading