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Credit Cards for People with Bad / Poor Credit

March 1, 2012 | Credit Cards | No Comments

If you have bad/poor credit and want a credit card; there are a few credit cards and prepaid debit cards to consider.  Keep in mind if you get a credit card you must not abuse it and dig yourself in a deeper hole.  If you get a credit card, the goal is to also help improve your credit by ensuring that you pay your credit card bills on time.

If you cannot control using a credit card, then get a prepaid debit card.  However, a prepaid debit card will not help you rebuild your credit history because these cards just provide you a line of credit.

Many people are not aware that the cost of poor credit will cost them dearly in the long run.  Carrying debt on a credit card can cost hundreds or thousands over the years.  Additionally, getting a personal loan, car loan or mortgage will cost more because the lender will charge you a higher interest rate, if you are lucky enough to even get the loan. (Find out more about the consequences of bad debt.)

Many prime credit cards are not available for individuals with poor credit.  The few cards available are called “sub-prime” cards which typically require expensive setup fees or recurring monthly fees.  They often require cash deposits and have very low credit lines.

It’s imperative to improving your credit because it will save you money over the years.  So get started as soon as possible and don’t delay.

Below are several bad/poor credit cards to consider:


Orchard Bank Classic MasterCards
 
 

  • An excellent credit card for help rebuilding credit scores;
    reports to 3 major credit bureaus monthly
  • Acceptance at millions of locations worldwide, including
    website purchases and reservations
  • Email and text messages are available to remind you of your
    upcoming payment due date
  • Knowledgeable customer service representatives to assist you
    with questions or concerns
  • Regular APR: 14.99%-24.99%
  • Annual Fee: $0 – $59 the first year, $35 – $59 per year thereafter
  • Balance Transfers: Yes
  • Credit Needed: Bad Credit
 

Orchard Bank Classic MasterCards
 
 

  • An excellent credit card for help rebuilding credit scores;
    reports to 3 major credit bureaus monthly
  • Acceptance at millions of locations worldwide, including
    website purchases and reservations
  • Your account information is updated and at your fingertips
    24/7 so you can manage it your way
  • Email and text messages are available to remind you of your
    upcoming payment due date
  • Knowledgeable customer service representatives to assist you
    with questions or concerns
  • Regular APR: 14.99%-24.99%
  • Annual Fee: $0 – $59 the first year, $35 – $59 per year thereafter
  • Balance Transfers: Yes
  • Credit Needed: Bad Credit
 

Orchard Bank Visa Cards
 
 

  • Reports to 3 major credit bureaus monthly providing you the
    opportunity to rebuild your credit
  • Acceptance at millions of locations worldwide, including
    website purchases and reservations
  • Your account information is updated and at your fingertips
    24/7 so you can manage it your way
  • Email and text messages to remind you of your upcoming
    payment due date with online enrollment
  • Knowledgeable customer service representatives to assist you
    with questions or concerns
  • Regular APR: 14.99%-24.99%
  • Annual Fee: $0 – $59 the first year, $35 – $59 per year thereafter
  • Balance Transfers: Yes
  • Credit Needed: Bad Credit
 

Green Dot® Gold PrePaid Visa®
 
 

  • $0 Activation Online – with no credit check
  • Access over 18,000 MoneyPass® ATM’s
  • Get a $4.95 credit on your first MoneyPak cash load (see
    site for restrictions)
  • No Monthly fee for any month with at least 30 purchases
  • No Transaction fees on US purchases
  • No Overdraft fees
  • No Minimum balance required
  • Regular APR: N/A
  • Annual Fee: up to $5.95 monthly
  • Balance Transfers: N/A
  • Credit Needed:No Credit Check
 

Orchard Bank Classic MasterCards
 
 

  • An excellent credit card for help rebuilding credit scores;
    reports to 3 major credit bureaus monthly
  • Acceptance at millions of locations worldwide, including
    website purchases and reservations
  • Your account information is updated and at your fingertips
    24/7 so you can manage it your way
  • Email and text messages are available to remind you of your
    upcoming payment due date
  • Knowledgeable customer service representatives to assist you
    with questions or concerns
  • Regular APR: 14.99%-24.99%
  • Annual Fee: $0 – $59 the first year, $35 – $59 per year thereafter
  • Balance Transfers: Yes
  • Credit Needed: Bad Credit
 

 

>>See more bad credit and prepaid  debit cards <<

 

 

 

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