What kind of credit card can a convicted felon with no credit get?

Answer 1

Your criminal history has nothing to with it. The credit card companies score you based on debt to income ratio, employment (salary and length), and your credit history. If you have no credit history you probably won't get offered a card with more than a 500 limit to start off with. Trust me....your thinking way too hard they don't know your criminal history.

Answer 2

If you are looking for a credit card for bad credit, there are many options to choose from. The two main types of cards available are either a secured credit card or an unsecured credit card for bad credit. Both types of cards can help you repair your credit by giving you an opportunity to establish a good payment history. The costs and fees associated with each type of card are very different, however. In addition, depending on how bad your credit is, whether you have sufficient income and other personal details, you may only qualify for one or the other.

First let's look at the secured credit card for bad credit. A secured credit card requires that you deposit money with the issuing bank, and the bank will issue a credit card in the same amount for your use. Secured cards are guaranteed to be approved, because the bank has your deposit money in case you do not pay your balance. A secured credit card for bad credit operates much like a regular credit card. You receive a monthly statement, and you pay your minimum monthly payment or the balance in full each month. You are charged an interest rate, annual fee and possibly other fees for a secured credit card account.

Be aware that with a secured credit card for bad credit, your charges are not deducted from the deposit you have with the issuing bank. The bank is simply holding your deposit in the case that you default on your credit card balance. You must pay your monthly payments, and owe the bank the balance that you have charged on the credit card. You cannot refuse to pay simply because the bank is holding a deposit without further damaging your credit.

A second option for getting a credit card for bad credit is to get an unsecured credit card. Unsecured credit cards are available for bad credit clients, however, the issuing banks charge high fees to cover the risk of extending credit to a bad credit client. You can expect to pay anywhere from $200-$350 or more in fees which the bank will keep, you do not get that money back. Those fees are upfront costs for obtaining a unsecured credit card for bad credit. In some cases, the bank will allow you to pay the fees over two or more months. Read more about it at: http://www.credit-card-gallery.com/article/137,Get_The_Best_Deal_On_A_Credit_Card_For_Bad_Credit

Answer 3

There are many secured credit cards one can apply for, a deposit needs to be made, once the funds have cleared and all is validated, a card will be issued, and you will have to keep sending in funds before charging anything. You will never be able to go over the limit either. It's like a pre-paid spending card. It will take some time to establish credit, but it is a good way to learn to not spend what you don't have.

Answer 4

A secured credit card.

Answer 5

You may have to start out with a secured credit card.

Answer 6

A secured credit card which specializes in people with bad credit. Orchard is the only one I can think of off the top of my head, but bankrate.com has a credit card comparison which will let you compare cards, rates, and rewards.

Answer 7

Not sure if a convicted felon can get one , since they would compete with there own kind, the only difference is they do not have a conviction.

Answer 8

Need more details before I can give answer

Answer 9

Well, it depends..