2006-11-17 10:56:51 · 8 answers · asked by Anonymous in Business & Finance ➔ Credit
When my score was around 525, last year at Christmas I got approved for a Target credit card, but other than that, the only card I know that is legitimate for bad credit is the Orchard Mastercard (the one you see advertised on Yahoo). Good luck!
2006-11-17 11:12:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You are almost guaranteed to be paying over 20% interest on a store specific credit card even if you have good credit. The store is entitled to be selective if the customer can only use the card there.
You are much better off getting a major credit card like Master Card or Visa. There is so much competition, you are bound to find a decent rate somewhere. Try bankrate.com and click on the credit cards tab or cardweb.com. You must be 18 or older.
2006-11-17 19:00:56 · answer #2 · answered by personalfinancedaily 3 · 0⤊ 0⤋
I can't say which is the best store credit card, but I can ask you if you've thought seriously about staying away from credit cards completely. It's so easy to get into debt, and so hard to get out of it. We always start out with such good intentions of paying off the credit card in full every month, but it never lasts , and we end up with a debt we can't manage. Interest rates on credit cards, and store cards in particular, are VERY high and we can end up owing far more than we spent. Think about it, before you commit yourself to something you may not be able to afford, especially with Christmas coming. Best wishes.
2006-11-17 19:07:48 · answer #3 · answered by ladybird 3 · 0⤊ 0⤋
You probbaly wont get approved and if you did the interest rate would be VERY high. The best bet is try to clean up your credit or get a prepaid credit card from Wells Fargo or someplace like that to help build credit before trying to get a store card. Good Luck
2006-11-17 19:04:58 · answer #4 · answered by Kristin Pregnant with #4 6 · 0⤊ 0⤋
Call Capital One, I think they have a secured line of credit. This means that if you deposit say $500 into their savings account, then you have a $500 credit limit.
As you use the card and make payments, (not from the $500 you deposited), your credit score will gradually increase.
What my son did to build his credit, is he opened a bill pay account, then he got a cell phone, he has the money deducted from his account every month automatically, so he does not have to worry about making the payment and he has a perfect credit score. The bill pay account draws from an account where his pay check gets deposited.
After about 6 months, he got a credit card, which he uses only for gas. Again, the bill goes to the bill pay account, gets paid off every month and he had great credit.
2006-11-17 19:11:45 · answer #5 · answered by starting over 6 · 0⤊ 0⤋
The interest rate will be extremely high if you get approved. You're better off by trying to get a secured card from a major lender who accepts people with bad credit.
2006-11-17 23:31:45 · answer #6 · answered by Mariposa 7 · 0⤊ 0⤋
None, sweetie, you are considered high risk, the best thing is to get a job and try to get your credit straightened.
2006-11-17 19:00:58 · answer #7 · answered by MadameJazzy 4 · 0⤊ 0⤋
I found a wide choice here.
2006-11-18 04:10:33 · answer #8 · answered by Anonymous · 0⤊ 0⤋