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I'm not sure you are going to find that in this current economy. However if you have bad credit there is a bank that will help you improve your credit and I know people that have got approved with a credit score of 400. It's First Premier Bank Credit Card.
Wiki User
∙ 2011-09-10 15:43:19
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How do you compare different credit cards?
Check the credit card company's profile. Select which cards have the lower interest rate. Then credit limit their credit limit. Different cards offer different credit limit. Choose a card that is best suited to your needs. The maximum total amount for purchases, balance transfers and cash advances. From this you can decide which card to choose.
What is credit limit in credit card?
Credit cards are open ended accounts. The issuing bank has a limit as to how much can be borrowed against the account. The top amount is the credit limit.
Can I use prepaid credit cards just like traditional credit cards?
Prepaid credit cards work exactly like the traditional unsecured credit cards. Make sure that you know what your credit limit is. Your credit limit will be what you send into them. You can use them just like a credit or debit card to get hotel rooms, gas, or whatever else you may need.
What credit card does not have a limit?
Smart Cards
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 unsecured credit cards are good for those with bad credit?
Prepaid credit cards are the only ones that are not "unsecured." Credit cards are unsecured. Lenders offer different credit products, including cards with minimum limits ($250-$300) for customers with credit difficulties. Capital One offers a credit card with a $300 limit for this purpose; however, it is often extended only to former customers. Check your eligibility at www.capitalone.com
How do credit cards affect an individuals credit history?
Credit Cards greatly impact a credit score. In fact, 30% of your credit score is determined by how well you use credit cards. (Utilization Rate). You want to keep your Utilization rate at 20% or less of the credit limit.
How can one get credit building credit cards?
Credit building credit cards, also known as secured credit cards, allow the user to deposit a certain amount of money as collateral in order to receive the card. The higher the amount deposited, the higher the credit limit. Websites such as Credit and Bankrate offer information on how to obtain credit building credit cards.
How can paying down your credit cards lower your credit score?
Paying down your credit cards won't lower your scores-- but paying off and closing the credit cards will lower the scores. You want to show that your cards are not maxed out and you have plenty of room between the credit limit and the balance .
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.
Do credit cards with low credit lines hurt credit scores?
No, the score model recognizes the balance on the account in proportion to the credit limit as a percentage. For example, if you have a balance of $10,000 with a $ 50,000 credit-limit your proportion of balances to credit limit would be 20%. Vote on our video at www.wowifixedmycredit.com
How can one get credit cards after bankruptcy?
To get credit cards after bankruptcy you can apply to credit companies that you haven't had previous experience with or go with your old company and get a card with a lower limit on it.
