Can I Get A Credit Card Even With A Low Credit Score?
You probably know you have bad credit because you’ve previously applied for a credit card, loan, or other credit-based service and have been denied. However, the question remains: Can I Get A Credit Card Even With A Low Credit Score? Yes You can!
If you haven’t already, check your credit score to see where you stand exactly.
You may receive a credit score automatically in the mail after being denied credit if your credit score was the reason that you were denied. Otherwise, you can obtain your credit score directly from via myFICO.com. Alternatively, you can obtain free versions of your credit score from CreditSesame.com.
What to Watch Out For
Beware of fee harvester, or subprime credit cards, that charge high upfront fees which take up up most of your credit limit. Though Federal law limits the amount of fees to 25% of the credit limit, at least one subprime credit card issuer has gotten around the law by assessing a $90 fee before the credit card is ever issued. The First Premier Bank Gold MasterCard is an example of a credit card to stay away from.
The Bad Credit Card Isn’t Forever
Credit cards for people with bad credit don’t have the most attractive credit card terms. Annual fees, high interest rates, low credit limits, and sometimes poor customer service are among the features you’ll have to deal with, but just for a short time. Don’t expect this temporary credit card situation to be perfect. Your goal is to pay your bill on time and improve your credit so you can qualify for something better, which can be done in about 12 to 18 months if you’re responsible with your credit. Start improving your credit score today. Click on the link below: