Credit Card Debt Relief

Wednesday, March 14, 2012

Easy Credit Cards For Bad Credit

Even people with bad credit can be approved for a new credit card if they know where to look. If you have very poor credit, you may have to apply for a secured credit card, as opposed to an unsecured card. Secured cards require a security deposit, usually equal in amount to the line of credit you receive. Properly maintaining your new card will help you begin rebuilding your credit score.

Easy Credit Cards For Bad Credit

American Octane Black

The American Octane Black credit card has a 100 percent approval rate, no matter how bad your credit is currently. You will receive a line of credit between $1,000 and $10,000. Owning the American Octane black will allow you to help rebuild your credit, as they report whether you make payments on time to the three credit bureaus. The downside to choosing this card is that there is a one-time $99 activation fee, and a $9.95 fee charged monthly.

Public Savings Bank Classic

If you are looking for a credit card that does not have any fees, consider the Public Savings Bank Classic by Visa. This card charges no activation or monthly fees. Additionally, there is no credit check performed, so your current credit score does not matter. For the first six months, you will receive a 0 percent APR; afterward, the rate increases to 11.24 percent. Your performance with the card will be reported to the three credit bureaus, so you can fix your credit score over time.

Centennial Secured

Another credit card option for those with poor credit is the Centennial Secured card by Mastercard. To apply for a card, you do not need to have any established credit history. The card carries a $50 fee every year, so determine if you are willing to pay this fee before applying. The APR for the Centennial Secured credit card is 19.9 percent.

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