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Are there credit cards for people with bad credit that don't require a deposit?
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∙ 13y ago
hobos
Wiki User
∙ 13y ago
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Are Visa's available for bad credit?
Yes, there are Visa credit cards available for people with bad or no credit. They have interest rates around 20% and usually require that you put down a cash deposit to secure the card.
Am I still allowed credit cards after bankruptcy?
Yes, it is still possible to get a credit card after bankruptcy. "Secure" credit cards require you to place a security deposit down in the event of default, but they are a good way of rebuilding your credit.
Which credit cards are secured?
Secured credit cards require that you supply a cash deposit as collateral that becomes the actual line of credit. When first establishing credit or reestablishing credit secured credit cards are an excellent method to use and most banks will be able to provide information on the secured credit cards they offer.
What credit cards rebuild credit?
There are two* types of credit cards, secured and unsecured. Usually the best credit cards for rebuilding credit are secured credit cards. They work just like an unsecured card, but you need to post a security deposit against a secured card in addition to any annual/monthly fees. One secured card that stands out is the Capital One Secured Card, since the annual fee is reasonable and the security deposit can be as low as $49 for a limit of $200 (terms may change, this statement is as of this writing).Most secured credit cards require a deposit that will match your credit limit. Noted cards that give a limit equal to the deposit include the Platinum Zero Card from Applied Bank and Open Sky Secured Card.* in reality, there are three different types. Along with the two types mentioned, there are partially secured cards. These cards may not necessarily require a security deposit equal to the limit. However, these are usually classed amongst fully secured cards since a deposit is still necessary.
How to rebuild credit after bankruptcy?
A great option to rebuild credit after bankrutpcy is getting a secured credit card. Secured credit cards can be used just like regular credit cards, the key difference is that they require an up front deposit to secure the credit limit. For example if you want a $500 credit limit, you will need to make a $500 deposit. For most secured cards there is no credit or bankruptcy check. You will receive a card as long as the issuer can verify your identity, residence and deposit. You will build positive credit as long as you make your monthly payments on time and keep your balance below your credit limit. Once you build positive credit histoty, you can then qualify for unsecured credit cards. You can close your secured credit card account at any time and receive a full refund of your original deposit amount (minus anything you owe). For more information secured credit cards check out http://www.yourcreditcardgps.com/best-secured-credit-cards.html
Are Visa's available for bad credit?
Yes, there are Visa credit cards available for people with bad or no credit. They have interest rates around 20% and usually require that you put down a cash deposit to secure the card.
Am I still allowed credit cards after bankruptcy?
Yes, it is still possible to get a credit card after bankruptcy. "Secure" credit cards require you to place a security deposit down in the event of default, but they are a good way of rebuilding your credit.
Which credit cards are secured?
Secured credit cards require that you supply a cash deposit as collateral that becomes the actual line of credit. When first establishing credit or reestablishing credit secured credit cards are an excellent method to use and most banks will be able to provide information on the secured credit cards they offer.
What credit cards rebuild credit?
There are two* types of credit cards, secured and unsecured. Usually the best credit cards for rebuilding credit are secured credit cards. They work just like an unsecured card, but you need to post a security deposit against a secured card in addition to any annual/monthly fees. One secured card that stands out is the Capital One Secured Card, since the annual fee is reasonable and the security deposit can be as low as $49 for a limit of $200 (terms may change, this statement is as of this writing).Most secured credit cards require a deposit that will match your credit limit. Noted cards that give a limit equal to the deposit include the Platinum Zero Card from Applied Bank and Open Sky Secured Card.* in reality, there are three different types. Along with the two types mentioned, there are partially secured cards. These cards may not necessarily require a security deposit equal to the limit. However, these are usually classed amongst fully secured cards since a deposit is still necessary.
How to rebuild credit after bankruptcy?
A great option to rebuild credit after bankrutpcy is getting a secured credit card. Secured credit cards can be used just like regular credit cards, the key difference is that they require an up front deposit to secure the credit limit. For example if you want a $500 credit limit, you will need to make a $500 deposit. For most secured cards there is no credit or bankruptcy check. You will receive a card as long as the issuer can verify your identity, residence and deposit. You will build positive credit as long as you make your monthly payments on time and keep your balance below your credit limit. Once you build positive credit histoty, you can then qualify for unsecured credit cards. You can close your secured credit card account at any time and receive a full refund of your original deposit amount (minus anything you owe). For more information secured credit cards check out http://www.yourcreditcardgps.com/best-secured-credit-cards.html
What credit cards can you get with a score of 524?
Assuming your asking about Credit Cards, you would probably only qualify for secured credit cards. You would need to put down a deposit equal to the credit limit on the card. If you want an unsecured credit card, one where a deposit is not required, you will have to fix your credit and improve your credit score.
Is there any credit cards that do not require a personal guarantee for business credit?
There are many types of credit cards as per your requirements.
Rebuild Your Credit With a Secured Credit Card?
Rebuilding your credit is not an impossible goal. The best way is to start out with two or three secured credit cards. These are cards where you send in a deposit and the company sends you a credit card in the same amount. While it is not actual credit, it will go on your credit report as a credit card and your timely payments will help improve your score. As you keep up with the payment on your card, you may even get your deposit back and receive credit line increases. Due to the secured nature of these cards, most people can qualify for them.
Why would one want a secured credit card?
Secured credit cards require a deposit to act as collateral against one defaulting on payments. This type of card is especially welcomed by those who have poor credit rating, who are more likely to be accepted for one as the cardholder is taking a bigger risk by offering up a deposit.
What are unsecured credit cards?
Unsecured credit cards do not imply any deposit before you can start using them. In other words, the bank looks through your credit history and entrusts a certain amount of credit to you, being sure that you will pay it back, without leaving any security deposit.
Are there pre paid credit cards that offer direct deposit?
There are some companies that offer a pay check onto a prepaid credit card as form of payment, alternative to direct deposit. You can load some cards online with cash wich is almost like direct deposit.
How to Get Beneficial Credit Cards with Bad Credit ?
While it�s possible to get credit cards with bad credit, most of these cards will have high interest rates or require a security deposit. The good news is that you can make these cards work for you. When choosing a credit card, select one with a low credit limit and fair interest rate. Make all of your payments on time and keep your balance from exceeding 75% of your limit. Once your your credit score has improved, request a higher credit limit. This is a great way of getting a good credit card without getting ripped out.
