So you checked your credit report and found that your score doesn’t look too good. Well, you are not alone. There are many people, who are also waking up to the same reality of wanting to get a good credit card when they have bad credit and they are not too sure which cards they will get approved for.
Why is it important to have good credit? In the past, we didn’t have to worry about checking our credit report too much, unless we wanted to apply for a loan, or of course, credit. But, nowadays things are different. Having bad credit opposed to good credit can mean the difference between having a bad or good life. Applying for a credit card and getting denied could hurt your credit, so we are here to make sure you make a wise decision.
The Good News Is You Can Rebuild Credit
But, there is hope for everyone! Just because you have a bad score now, doesn’t mean it has to stay that way. Matter of fact, it’s not so hard to boost up your credit score and rebuild credit, and it’s actually like a game to see if you can get enough points to win!Some credit cards are designed for people that have bad credit who want to improve their credit score. Here are just some of the things that may affect your credit:
- Your education
- Opening a bank account
- Getting a loan for a new car or home
- Renting an apartment
- Applying for a credit card
- Renting a hotel room
- Making online purchases
The Easiest And Best Way To Rebuild Credit
The most effective way to repair your credit and boost your score is to get approved for a credit card, then making your payments, “on time”, until it’s paid. Once that credit card is paid off, you can keep repeating the process, only you might get a little more credit each time you pay off the last, so be careful.Always make sure that you can handle the payments before accepting too much credit, or, rather than being able to say you’ve “won”, you’ll be back to square “one”.
The Top 3 Cards For Easy Approval
Before you rush into applying for credit cards there are some things you need to know. Most importantly, if your credit is bad, you need to apply for a “secured” credit card, and not “unsecured”, to make sure you don’t get denied, which can be another mark against you. The difference is, secured credit cards are basically for people who want to boost their credit, but will have to pay a deposit first, where an unsecured card is more for those who already have good credit. A few more thing to keep in mind, are interest rates and annual fees. Taking all this into consideration I have listed 3 easy approval cards below for those looking to fix their credit.
• Capital One Secured Master Card
This card is mostly used for building credit and depending on your credit may only charge $49 or $99 for a $200 limit, which you can even pay in installments before your card is activated.Also, once you pay the first five payments, you may be able to get a higher amount.
• Discover It
No annual fees and they offer a rewards program where you can get cash back for things like dining in restaurants, getting gas for your car and more. After eight months they will evaluate your account automatically to see if you are eligible for an unsecured card meaning no deposit on your next credit limit.
• Open Sky Secured Visa
This is the best card for people with really bad credit since they offer easy approval for those with very bad credit, without running a credit check and you don’t even need a bank account. There are also other cards and options for those looking to repair their credit so, please don’t hesitate. Just remember, if your credit is anything but good, you will not go far and the only one who can fix it, is you.