where can i get a credit card with little credit. i have one capital one card. the limit was two hundred and i pay ten dollars a month on it...i would like to find one like that .....doens't have to be a big limit. but no prepaid cards. and please no reply's like...you don't need one..or anything like that...you really don't know the circumstance. thanks all!
2006-07-12 19:17:59 · 8 answers · asked by smoochy 4 in Business & Finance ➔ Credit
First Premier Bank has cards that are better than Capital One. You need to be careful because some of the ones that are for high risk people like ones that need to fix credit. They will tack on hidden fees and even hit you with overlimit fees when it was their fee that caused you to be overlimit even though that isnt legal. I recommend that you pay your balance every month or close to it while you are still using a high risk credit card because if you have a $200 limit and you are paying $10 a month on it then it will take you almost 4years to pay it off. Only like $6 of that even remotely goes toward the principal. Figure it out $6 a month going into 200 is 33 and some change so 33 months plus all the interest added on and you are at 4 years already and if you become overlimit they will hit you even harder. If you pay it off every month when you can, then you are eliminating their ability to collect that high interest rate they charge and you will still build up your credit and get credit line increases due to payment history then after about 18 months of that you can request a change of interest rate or switching you do a different product they offer. If they wont do it then you would have enough established credit at that time to get a good card like Citibank or Chase and get a reasonable interest rate and good credit limit vs. $200. You can contact the Federal Trade Commission for more information regarding credit cards and how they work. I have been in credit and collections and used to work for Equifax and Chase for over 17 years now and know this industry inside and out. If you have any questions, I put the links to the FTC and to my site and email address below.
2006-07-12 20:39:15 · answer #1 · answered by anginfla 3 · 0⤊ 1⤋
You might go to Orchard Bank, HSBC and Bank of America websites. They have card selectors that you can do that will not pull hard inquiries. If you apply for a card that is recommended to you, then it will pull a hard inq. Keep in mind that even if a recommendation is made, you are not guaranteed to be approved.
I'd stay away from trying to get another Cap One card. Cap One does not report your credit limit to the credit bureaus. They only report your balance and that makes it look like you are always spending your limit. Which makes your credit reports, and scores, look bad.
2006-07-12 19:43:41 · answer #2 · answered by echo 7 · 0⤊ 0⤋
If you are a member of a bank, then you might be able to apply via your bank for a credit card or personal loan. Everytime you apply for credit, your credit score gets a little lower so don't apply to too many.
Also, you should try to pay more than your minimum payment on the other card. If you have one card that is near maxed out, it could also affect your credit rating.
2006-07-12 19:21:12 · answer #3 · answered by seattlecutiepie 5 · 0⤊ 0⤋
The name looks sleazy, but a site called cheatatshopping.com has good recommendations for different credit cards. If "little credit" means "poor credit rating", they have a section on cards recommended for people with poor or fair credit. If "little credit" means you want a low limit, then I suppose they could help you with that too.
2006-07-12 19:31:45 · answer #4 · answered by Houyhnhnm 6 · 0⤊ 0⤋
What state do you live in? I work for a bank.. and as long as you do not have any negative credit.. I can help you out... only if you live in a state where my bank does business though. Good Luck!
2006-07-12 19:23:35 · answer #5 · answered by Brooklyn 3 · 0⤊ 0⤋
well you better be able to pay more than ten bux a month. I am currently paying 1000 bux a month on mine because I couldn't control my spending. YOu could always call Capital one and ask them to raise your limit.
2006-07-12 19:20:33 · answer #6 · answered by Anonymous · 0⤊ 0⤋
buy something on ebay, and you will (I am almost certain cause it happens to everyone I know including me) get an application via email to recieve a PayPal visa card with a $1000 limit
2006-07-12 19:19:54 · answer #7 · answered by Kryztal 5 · 0⤊ 0⤋
I found lots of good information here.
2006-07-12 20:13:37 · answer #8 · answered by Anonymous · 0⤊ 0⤋