Credit cards for people with very bad credit are difficult to get, but they can be acquired with a bit of effort on your part.
Now, if you have less than stellar credit, you are going to have problems getting a card from most credit card companies. This is because with credit history that’s in the red, you represent a significant risk for them.
This means it’s a challenge to get such a card. You can still apply online for an unsecured credit card with poor credit history, but you probably won’t get accepted – if you do, you will be give a card with VERY high interest and many restrictions placed on it.
The key then is to look at getting a secured card. Secured cards are great for many reasons – mainly you can use them to help rebuild your credit history and they are very easy to get.
The way a secured card works is that when you apply for one, you put a deposit down that becomes the card limit. Since you are essentially “paying” for the credit card, you stand a VERY good chance of getting an unsecured card with bad credit.
Indeed, if your credit history is poor, you will probably only be able to get a secured credit card for people with very bad credit.
Before getting a card like this, you need to look around online for the best credit card for people with poor credit. Companies offer different interest rates, so it’s best to get the lowest interest rate secure card you can find.