Pointers in Finding the Best Bad Credit Credit Cards

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most 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

The content is accurate at the time of publication and is subject to change.

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.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 8, 2018

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
The Best Credit Card for Earning Cash: Discover it® Cash Back

The Best Credit Card for Earning Cash: Discover it® Cash Back

Posted: November 2, 2018

You’ll have hundreds of dollars in your pocket in no time because you’ll earn money back on every purchase you make with this card. There are no restrictions on the amount of cash back you can get, and Discover even matches every penny you ... Continue reading
Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Posted: October 10, 2018

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!