"The only secure knowledge is that I exist."
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Alternatives to Credit Cards
Are you one of those people who only ever got a credit card for the convenience of being able to pay without cash, or because you weren't aware of any other easy way to borrow money? Millions of us are, thanks to the unavoidable advertising of the credit ...
Chase Credit Cards: A Look At The Top 3
Not too many people know this, but there are over 900 different Chase credit cards for consumers to choose from! Yes, the number you read is correct. With most of these cards being "affinity" cards, meaning having direct tie-ins with a store, or with ...
Credit Cards: Low APR vs 0% APR
Mano y mano, which one is better do you think - a credit card with low, ongoing APR or one that offers 0% APR as an intro rate? There are so many types of credit cards that offer all sorts of promotions and rewards that it's definitely hard for a ...
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1. Online resources
One of the easiest ways to get a credit card when you have bad credit is to look online for various merchants. Of course, you will want to stick with major credit card companies in order to be safe, but many times you'll be able to find credit cards that will allow you to start your way to better credit.
2. Your local bank
Many banks also allow you to open up credit cards through their institution. And since the bank knows how much money you have, you can sometimes get a card when you have poor credit. The card won't have a high limit, but you're trying to establish a history of timely payments, not trying to charge yourself back into debt.
3. Secured cards
Another great option for credit cards for people with bad credit is secured cards. If you've ever used a gift card, this is much the same. You will put money onto the card and then be able to use it as you would a traditional credit card. But in this case, you can't spend more than you have on the card, thus you are establish a good credit history.
4. Home equity
If you own a home and are making mortgage payments, you may be able to refinance your loan in order to get more money for your debt. What you can do then is get a credit card account through your bank with this money funding it. Just like a debit card, you will only have as much money as you have refinanced, but you're also able to build a better credit card history by using the monies responsibly.
5. What to look for
When you're looking for a credit card and you don't have good credit, you need to be pickier about who you choose. First of all, you want to choose a credit card that doesn't have a high interest rate that will accumulate balances that you can not pay. You will also want to find a card that does not have a high limit. You want to curtail your spending as you resolve your credit problems.
You cannot avoid your bad credit, so use it to rebuild your financial history and create a better future for your money.
About The Author
Beth Derkowitz recommends Find Credit Cards for finding credit cards for people with bad credit. See http://www.findcreditcards.org/type/bad-credit.php for more information.
bethderkowitz@gmail.com
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 Teens accused of stealing, using neighbor's credit cards (Kingston Daily Freeman)
RHINEBECK - Two Rhinebeck teenagers face felony charges after stealing a neighbor's credit cards and racking up over $9,000 in online purchases, according to Rhinebeck village police.
Many use credit cards for cancer treatment (UPI)
NEW YORK, Aug. 28 (UPI) -- Twenty percent of U.S. adults who experience a critical illness use a credit card to finance recovery-related expenses, a survey indicates.
Couple charged with ‘unauthorized’ use of credit cards (Philippine Daily Inquirer)
MANILA, Philippines – A daughter of the late Sen. Raul Roco and her husband, a grandson of President Manuel L. Quezon, are facing criminal charges for allegedly using – without authorization – the corporate credit cards of a company she used to work for to pay for their trips abroad.
National Multicultural Coalition Releases New Data on Use of Low Limit Credit Cards (Centre Daily Times)
Today, Citizens for Equal Access to Credit, a diverse, multicultural nonprofit coalition, released a study that surveyed the usage of low limit cards in the United States. To illustrate the ability of consumers to re-establish their credit, TransUnion, on behalf of Citizens for Equal Access to Credit conducted an analysis of the "graduation rates" of cardholders over a 24 month period. The ...
UnionPay issues 150,000 credit cards in ROK (China Daily)
China UnionPay, a bankcard association headquartered in Shanghai, has issued more than 150,000 UnionPay credit cards in the Republic of Korea (ROK) since the initial issuance in February.
Banks going slow on sale of credit cards (HT via Yahoo! India News)
If you are getting less of those pesky calls, offering a hassle-free issue of credit card, here's why. Banks are going slow on sale of credit cards, as rising interest costs coupled with spiraling inflation have forced many customers to miss payment deadlines, and, in some cases, even default.
Study: Sharing credit cards causes spats (AP via Yahoo! Finance)
Be careful before signing up for a credit card with your spouse. It may cause a fight. A study released Wednesday by CreditCards.com found one out of five people who share a credit card say it has sparked a fight with the other account holder.
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