Most would-be credit card owners these days have a bruise or two on their credit report and feel they may not qualify for low interest credit cards. Depending on the problem that appears on their bureau they very well may be right. However, a large section of the people with fair credit will qualify for credit cards with low interest rates regardless of their credit discrepancies if they can show certain attributes on the credit card application.
Believe it or not, some of the lowest rate credit cards on the market only require “average” credit to qualify for. Knowing which cards, where to apply and how to accent the “positives” on you application is the key to obtaining these cards. We have listed an explanation for these three tips below.
1) Which Credit Cards to Apply for – Credit card issuers offer credit cards these days that come with all types of bells and whistles on them. Leave these credit cards alone. What you are looking for is the plain old fashion credit cards. This means no cash back credit cards, no reward benefits, travel cards and so on. These cards rarely benefit the “average” user and carry a higher default rate than regular credit cards.
The plain or regular credit cards can usually be found at the end of each credit card sections on most credit card websites. This is because they carry a lower profit margin than the cards with bells and whistles attached to them.
2) Where to Get Credit cards for Average Credit – Low interest rate credit cards are rarely sent to your home in the mail. The credit card offers sent to your mail box are usually less attractive clones of the real cards that have lower rates. We suggest that you use these applications to start your fireplace or back yard grill.
The best place to go to get the low interest credit cards is directly into the bank that offers the card. The problem with this is some of the banks that offer the best rates and terms aren’t national banks and may not have a branch where you are.
The next best place to look for low interest rate credit cards is well established online credit card websites. They usually carry a large selection of credit cards that are exactly like the cards you can get directly at the bank.
3) How to Apply for Credit Cards – The credit card issuers aren’t necessarily looking for a high credit score. They are looking for people with a fairly good track record of making payments and the capacity to pay them back.
Let’s assume that I applied for a card having a 720 credit score and a mountain of debt. Let’s assume that and you applied for the same card with only a 620 credit score but with very little debt, you would be the more attractive applicant in many credit card issuers’ eyes.
Details on the application are a key factor when you fill out a low interest rate credit card application. If you have been on your job 3 years and nine months don’t just put 3 years. List your checking account and your savings account if it asks, most people only list their checking. Finally, look at your credit report before you apply with any credit issuers.
The U.S. Public Interest Research Group reports that as many as 25% of consumer credit bureaus are reporting inaccurate information that can cause you to be declined. If you see any errors dispute them immediately, it may take a month or more to get them corrected.
Have the credit bureau add a comment to your bureau that says “consumer disputes this information” immediately. This will not help your score but will tell prospective creditors why your score is low.
Aubrey Clark is an author and editor for DirectBanc.com. He has been writing on financial issues that range from credit cards for Fair credit to Where to Find Low Interest Rate Credit Cards.
Watch the video related to credit
“Cell Block Tango” from the movie Chicago. For those who are wondering, the speech by Hunyak, who is Hungarian, translated is: “What am I doing here? They say my famous tenant held down my husband and I chopped his head off. But it’s not true. I am innocent. I don’t know why Uncle Sam says I did it. I tried to explain at the police station but they didn’t understand.” credit for that information goes to www.imdb.com
Help answer the question about credit
What is the best credit card to apply for for the first time?I have years of excellent on-time rental history, however I have no credit because I've never been in debt (always pay bills on time) go figure. I was wondering which credit cards I could apply for, for the first time. Wal-Mart Credit card rejected me because I have no credit, and I'm just looking for something small so I can put things on the card and pay them off quickly to establish some sort of credit. Any suggestions?
I MISSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS THEM!!!!!
i dont know what to do anymore!!!! ughhhhhh its driving me nuts seeing them how they are now!!
i miss them soooooo much T_T they r sooo talented and every song touchs my heart in a way <3
and with all my heart i love dbsk
always keep the faith
the full song is out , u can find it here in u-tube , album release on 172
me too…..really missssss them.feels like crazy waiting for them..i can’t stop thinking of them every second i open my eyes…can’t get their voices out of my head..bogoshipda…
my dad said the same thing when I was 17, and he helped me (cosigned) to get a credit card to "establish credit". Now I am 21 and after 4 years of charging crap I'm F*cked. your dad is right you will need to build credit, but I would suggest waiting a little while. Unless you have one of those parents who is going to pay on your card for you just don't bother with it yet. I know you say you will be smarter then me, but I thought the same thing, then your car breaks down and what do you do? or something else comes up where you feel you really need the money, and that's how it all starts. you don't need good credit to rent an apartment. You do if you want to buy a house, you can usually buy a car without credit if you can afford it, but if you don't have any credit they will rape you with interest fees. just wait a couple years, unless you have rich parents.
try target, babies r us, khols, robinsons may, any store that you shop at frequently enough. Try to get one with a lower intrest rate though
This song is so nice! I cant wait for the full version to be out! I miss their voices so much! Hwaiting ToHoShinKi! (:
Stop applying for the cards, you will only be denied. You will have to start building your credit rating with secured credit. Make sure the banks report to the credit bureaus, otherwise it does no good.
Go to the bank you do business with, ask them if they have a secured credit card, if they do open a new account with $300 – $500 tell them you want a secured credit card against that account. Use the card for small purchases like gas or food and pay the card off entirely each month on time.
Also you can take your savings account and save until you have $1,000. Tell your banker you want to take a installment loan out against the savings account. Take the money you receive and put it in your checking account to repay the loan. Pay it off in 12 months. Lenders like to see a mixture of credit, revolving, installments, personal loans.
After a few months you can try for an unsecured card again. Retail store cards and gas cards are normally easier to get.
It takes 24 months of consistent on time payments to build a good credit rating.
I would take out no more than 2. I would start out with a secured card. Granted you would have to put a deposit upfront to secure a line of credit, but the deposit would also garner interest while you're proving your creditworthiness. You could start out small, like $200-300 or larger like $1000-2000. Either way, I strongly suggest you to continue to use your debit card and pay cash like you've been doing, and make small purchases that you can pay off in full every month (around $20-50). I would only use the credit card in dire emergencies. After the secured card becomes unsecured, then you could receive offers for other cards, but chances are just the one card could work just as well. Be sure to dispute anything that was involved in the identity theft and make sure that you have a POLICE REPORT. Your "good accounts" (rental, club, cable, cell, etc.) CAN be reported through this reporting agency called PRBC. (http://prbc.com/default.php?) This is for REAL. You can have your good credit reported and complied in a scored report that can be considered with your traditional credit reports. It's become increasingly popular and I'm certain that it will help you out immensely.
Your talking about your debt to credit ratio which makes up 30% of your overall score.
If your balance is really low and your new credit limit reflects no more then 30% usage, your score will not be affected.
If however your new limit makes your debt to credit ratio over 30% your score will take a hit.
There is nothing wrong with having a high limit as a matter of fact it's good since it makes it hard to exceed 30%.
It's not the credit you have that matters it's how you manage it that counts.
so misssss them,,,,,
junsu’s voice !!!! so touching
I missss theeeem so much!
Dbsk please be srtong…we need you !!!
Yes, it is true. Having active credit cards on your record is no problem. It shows that card issuers are willing to extend credit. If these cards have no balance on them, you should have no trouble getting a new card. Apply and start using it.
If there are balances on your other cards, it is a different issue. You should pay them off, or transfer them to the card with the lowest interest rate and pay that off as quickly as possible. Then make sure you never have a balance on a card that exceeds about 30 percent of the credit limit.
Paying the monthly charges in full each month is the best policy. It also means not paying any interest.
nice song ^^
DBSK <3
Most creditors report to the credit bureaus once a month.
junsu’s voice is <3
can’t wait for album
“Always keep the Faith”
Do not close the card cause it lower you available credit line. You also can use this service to pre-estimate future scores for different scenarios of credit card payments. – freecreditreport.sinfree.net
Actually most of the companies allow you to apply online instantly. But you have to find the right card that you can apply for. To do this, goto the following site and find the card you want in student section and apply online. This site only has cards that you can apply and get a decision instantly. Good luck!