There is a lot of credit card offers for bad credit offering by different banks, companies. Each credit card is suitable for each person. You should consider carefully before choosing the best credit card.
In the previous post, Info Credit Free introduces people to some of the necessary information that is useful for getting small business credit cards, to get more information people can read the article The small business credit cards have low APR and others benefits. Now, let find knowledge about the credit card offers for bad credit in the post today.
CREDIT CARD OFFERS FOR BAD CREDIT
Just like a lot of article posts such as credit card deals, unsecured credit cards for bad credit, credit card protector, store credit cards…, this post about credit card offers for bad credit also includes some main parts. They are:
1. Some advantages and disadvantages of credit card offers for bad credit
1.1. Some advantages of credit card offers for bad credit
- Purchasing power: Credit cards allow users to make large purchases that they may not be able to pay.
- Rewards: Many cards offer rewards programs that will accrue points, discounts, or other benefits such as frequent customer miles.
- Convenience: Credit cards reduce the need to carry cash. Most retailers accept credit cards and they demand a lot for online purchases.
- Tracking capabilities: Electronic record keeping with credit cards makes it easy to track spending and identify fraud.
- Use in an emergency: There are times when money is a simple solution for emergencies. If you encounter an unexpected cost, credit cards can be a quick and easy solution you need.
- Building a credit history: Using a credit card with responsibility for time will build up your credit history, qualifying you for better interest rates and other financial benefits.
1.2. Some disadvantages of credit card offers for bad credit
- Overspending: Overdraft: Credit cards can make life easier, but they can also make overspending easier. With credit cards, you spend money that you don’t need. If you are not careful, this can quickly lead to unexpected debt..
- Interest and fees: Using credit is actually a loan. And you cannot borrow for free. Managing wrong credit cards can not only lead to high balances, or maximum cards but also leads to debt in the form of interest and fees.
- Fraud: Credit cards (and other forms of electronic payment) carry unique risks. Credit cards can be stolen, their numbers can be copied and they can be used to steal your money and identity.
- Debt mount: If you bring the balance on your credit card from month to month, it can be very easy for fees and interest rates to rise. Many people do not believe that credit cards will be the gate to further debt, but if you are not careful, then exactly what will happen.
2. The best credit card offers for bad credit
2.1. Capital One® Secured Mastercard
- There are no annual fees and all credit-building benefits when using responsible cards
- Unlike prepaid cards, it builds credit when used responsibly, with regular reporting to 3 major credit bureaus.
| Purchases Intro APR | Balance Transfers Intro APR | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | N/A | 26.99% (Variable) | $0 | Limited, Bad |
2.2. First Progress Platinum Elite Mastercard® Secured Credit Card
- Get your card faster with new fast processing options
- There is no credit history or minimum credit score required for approval
| Purchases Intro APR | Balance Transfers Intro APR | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | N/A | 20.74% (Variable) | $29 | Bad Credit |
2.3. Green Dot primor® Mastercard® Classic Secured Credit Card
- The credit limit is available from $ 200 to $ 5,000! Fixed interest rate of 13.99% when buying – no penalty rate!
- No minimum credit score required! We invite all types of credit to apply! No handling or application fees!
| Purchases Intro APR | Balance Transfers Intro APR | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | N/A | 13.99% (Fixed) | $39 | Bad Credit/No Credit |
2.4. Green Dot primor® Mastercard® Gold Secured Credit Card
- The credit limit is available from $ 200 to $ 5,000! Super low Fixed interest rate of 9.99% when buying – no penalty rate!
- No minimum credit score required! We invite all types of credit to apply! No handling or application fees!
| Purchases Intro APR | Balance Transfers Intro APR | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | N/A | 9.99% (Fixed) | $49 | Bad Credit/No Credit |
2.5. Milestone® Gold Mastercard®
- Quick recruiting is available without affecting your credit score
- Prequalification process is easy with quick response
| Purchases Intro APR | Balance Transfers Intro APR | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| N/A | N/A | 23.90% (Fixed) | $35-$99 (varies by credit level) | Bad/Poor |
This post is about Credit card offers for bad credit. We provide this information to offer you some of the necessary information that is useful for getting Credit card offers for bad credit. Also if you are looking for information about the gas credit cards, please refer to Some tips for lowering the gas credit cards link we just provided in the previous article.
Hillary (Team Content) – Info Credit Free