How do I get a credit card if...?

Question

I have bad credit from a while ago, I am not qualified for a credit card, but a financial guide said that I can improve my credit score by getting a credit card and makeing 1 small purchase a month and pay it as soon as the bill comes in, but how/where do I get a credit card?

Answer 1

Find out the company that the credit cards go through, first. ours where I work is citibank and is VERY difficult to get. A lot of the time jewelry stores (I work for one) will give a limit, say $400, where you have to put 20% down on any purchase. That is to help you build credit up. But it is not good to pay it all off at once, credit companies want to show consistancy in paying, not buying. Make the minimum (or a little more) payments each month, but don't pay it completely off right away. Show them that you are responsible to make payments on a schedule. That will slowly build your credit up. I am in the process now of building mine up. I used to work for macy's and got screwed big time credit wise and it crushed mine.

Answer 2

There are such things as "secured" credit cards. What they are is this. You deposit a sum of money in the bank. The bank extends that amout of credit to you. This way you can have a credit card to do things like rent a car but if you don't pay your bill the bank will keep your money. It is for people who have lost their credit or for some reason are not otherwise qualified. The card looks exactly the same and any other and is issued by Visa or Mastercard. It is a way to re-establish trust with the bank.

Beware of scams associated with this.

Answer 3

When your credit is poor, it may seem like you can't get approved for credit of any kind. But there are today many lenders who offer a credit card with bad credit history. These products will cost more than credit cards for people with good credit, but for some the cost may be worth it. You can use these cards to repair your credit, especially after bankruptcy, foreclosure or other financial event that may have damaged your credit.

To apply for a credit card with bad credit, you can choose from a few different types of products. The first is cad credit unsecured credit cards. These cards are issued by major banks, and do not require a deposit to be made by the card holder. While it may seem attractive to get unsecured credit, these cards can be expensive, and come with high up-front and ongoing fees (compared to other cards). You can pay as much as $200 to $350 to get a bad credit unsecured credit card.
Another alternative to getting a credit card with bad credit is a secured credit card. These cards require that the card holder put down a deposit with the issuing bank. This deposit secures the credit line extended by the bank; if the card holder does not pay the card as agreed, the bank will keep the deposit. There are also high interest rates and fees for secured cards, but they may be less expensive than those on unsecured card. get all information about secured credit card at: http://www.credit-card-forums.com/Secured.html

Answer 4

Talk to your bank about a secured credit card.

"...A secured credit card is a type of credit card secured by a deposit account owned by the cardholder. Typically, the cardholder must deposit between 100% and 200% of the total amount of credit desired. Thus if the cardholder puts down $1000, he or she will be given credit in the range of $500–$1000. In some cases, credit card issuers will offer incentives even on their secured card portfolios. In these cases, the deposit required may be significantly less than the required credit limit, and can be as low as 10% of the desired credit limit. This deposit is held in a special savings account.

The cardholder of a secured credit card is still expected to make regular payments, as he or she would with a regular credit card, but should he or she default on a payment, the card issuer has the option of recovering the cost of the purchases paid to the merchants out of the deposit. The advantage of the secured card for an individual with negative or no credit history is that most companies report regularly to the major credit bureaus. This allows for rebuilding of positive credit history..."

Answer 5

you can try for any card, but best bet is to first start with a department store card like Sears, or JCpenny's etc.. they will get the ball rolling for you.