How to get a credit card with bad credit
If you have a bad credit, you may be thinking that getting a credit card is next to impossible. Having bad credit won’t prevent you from getting a bad credit credit card , but it will make it a bit difficult.
Steps to get a credit card despite of bad credit
- Go to your bank. If they already have your business, they will be more willing to give you a credit card. In fact you can get approved instantly for a credit card online.
- Ask a friend or family member to co-sign for a credit card. Remember that their credit counts as well, so choose someone with good credit.
- While you are trying to get a credit card, keep paying all your other bills on time.
- Don’t get a credit card from a single store or chain of stores.
- Do not get a credit card that has an annual fee. There are lots of credit cards available that don’t charge annual fees.
- Once you get a credit card, you’ll start getting offers for other cards. Remember you should have no more than two or three credit cards.
- Once you get your card, don’t overspend. Use your credit cards to your advantage. Only buy something that you can pay for in cash.
* If you pay off a card it does not help to close it immediately. However, if you have too many open accounts it will hurt you. If you have a large number of revolving accounts, it would help to pay some in full and close them. Also, it is not good to always have a zero balance with high limit cards. This is viewed as a risk because creditors look at your ability to run up a lot of debt quickly. It is good to carry some balance, 30 percent or so and just keep paying on time.