What is the best credit card for a student with bad credit to get and why?
2006-12-25 04:31:03 · 9 answers · asked by Anonymous in Business & Finance ➔ Credit
No credit card for you. You have already proved that you have done a botched up job of budgeting and managing your finances.
Any credit card you may get now will be at such a high interest rate that all you will be doing is making the banks portfolio look better.
My suggestion is to get what is called a secured account where you keep a certain amount of money in the bank and the bank lets you borrow your own money at a lesser interest rate.
But the thing is don't use it. You should only use a credit card to secure a hotel room or rental car etc. Pay in full with cash only.
If you don't have the money, you shouldn't be thinking of spending $$$ for things you can't pay for.
2006-12-25 04:37:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Get a secured credit card. You deposit into an account that is cash backed equal to the credit limit on the card or have a co-signer on the card to guarantee payment.
2006-12-25 04:33:23 · answer #2 · answered by Danerd 2 · 0⤊ 0⤋
Try to get one with as low an interest rate as possible, obviously to save money. Don't fall for the ones you get in the mail that look good--most of them have incredibly high interest rates (up to 30% or higher), and many hidden charges.
Do an investigation of different cards, and then choose the best one and apply. Try to make sure you have a reasonable chance of being approved, though. Because if you're denied, it goes on your credit report.
2006-12-25 04:33:14 · answer #3 · answered by Ivan The Not So Terrible 2 · 0⤊ 0⤋
I would rebuild my credit before that i would even consider another credit card . There are no best credit cards. I would not become enslaved to these people. With good credit , some have promotional as low as 4.5% or better APR but please read and understand your agreement.
2006-12-25 04:55:42 · answer #4 · answered by EL-BRAY 3 · 0⤊ 0⤋
Pay your cards off every month. Don't use them as a source to borrow money for more than 30 days. use them to keep up with your spending and as a way to get your money back for bad products.
Need a good prepaid MasterCard with no credit check. the first time you put $40 on it they add an extra 20 http://bit.ly/1kuNALB it took 10 days for mine to get here. you can even attach it to a PayPal account and use the card for a bank. you can even earn $20 when your friends get one.
2014-06-04 03:26:29 · answer #5 · answered by Anonymous · 0⤊ 1⤋
it doesn't matter, if you have bad credit you probably will not get a credit card.
2006-12-26 17:26:25 · answer #6 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
an american eagle credit card, you can build your card up and the things you can buy there arent to much money
2006-12-25 04:39:01 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Hi,
You could try here .Check under "bad credit - credit card":
http://track.acclaimnetwork.com/apn_work/scripts/sclick.php?b2s=8790&SUBID=PARAM
2006-12-28 04:09:40 · answer #8 · answered by ez-mart 2 · 0⤊ 0⤋
contact orchard to see if they have an interest free one you can try again at.
2006-12-25 04:35:42 · answer #9 · answered by smillas 3 · 0⤊ 0⤋