News — Credit Cards For Bad Credit

Amazon has announced a new store card, Amazon Credit Card For Financially Disadvantaged; that will work similarly to other popular security cards, which banks typically offer young customers or first-time credit card holders. To receive a credit limit, customers will be required to put down the exact monetary amount (between $100 to $1,000) as a deposit. This puts credit in the hands of people in a way that makes managing their money more responsible. This also allows underbanked, or (people that have poor access to mainstream financial services normally offered by retail banks), access to the credit builder. This offers customers higher...

Interested in how to get credit cards after bankruptcy? First off, your credit reports should show zero balances, as this will definitely increase your borrowing power. Your credit will still be bad, so look for cards that are designed specifically for people in your situation. Your options consist of secured and prepaid cards, but go for a secured card, since those lenders will usually report activity to the credit bureaus and you can re-establish your reputation with responsible use. Check to be sure the one you apply for does report to the bureaus. Prepaid cards will not do that reporting, so...

Desperate? Business owner with bad credit? When starting your search for credit cards while in a not-so-good state, you might be tempted to apply for as many options as possible in hopes of getting approved. Don’t do this!     Each time you apply, a hard inquiry is put on your credit report and it negatively impacts your credit score for at least 12 months. Instead of applying for several different cards, try a pre-qualification option first (which is a soft inquiry), or only apply for one or more, being confident in their approval. Get credit cards for fair credit...