Credit card issuers love and pamper prosperous card holders. Well-to-do people get the most enticing offers, the most favorable terms, and the most appealing bonuses. Banks would more likely make concessions when it concerns clients with good or excellent credit than when it comes to bad credit owners. People with bad credit rating face more difficulties when they try to get a credit card they need. They pay higher interest; they are restricted in the choice of card offers, and can they hardly hope for any kind of indulgence for their credit commitments. If you are going through some financial difficulties and your credit score leaves much to be desired, or in other words, you are a bad credit owner, do not give way to despair. It is not that bad. Even with a bad credit you have a number of credit card deals to choose from. Even more, sticking to some rules and common sense you can get a bad credit card that will actually help you to start over. So, this is my vision of your road to El Dorado. (By the way, I have been through bad credit problems myself, so the guide below will be a mix of experts’ advice and my own experience).

1. When making a decision on a bank to apply for a card at, mind that smaller ones will more willingly issue you a plastic. Their reputation is not as solid as such financial giants as Visa, Discover, Citibank, Chase Bank, and others. But your and their trustworthiness is about equal. So, think of some small companies.
2. Stay with your current bank, credit union, or a savings institution. If they know you as a responsible client, they might overlook your money troubles and issue you a credit card without numerous checking procedures.
3. Pay special attention to banks that specialize on working with bad credit owners. First PREMIER and Orchard, for instance. These banks have, probably, the widest range of credit cards for bad credit. Among Orchard credit cards, Orchard Bank Platinum MasterCard is issued to credit consumers with poor credit rating. It comes with a pretty low APR and gives you a chance to enjoy the card’s Platinum status.
4. In case all your attempts to get an unsecured credit card fitting your financial status quo have failed, think of applying for a secured credit card. Of course, a secured plastic does not give you so many opportunities like an unsecured does. To activate an unsecured card’s account you are to make a deposit. The amount of money deposited will determine your credit line. But the main advantage of such a card is that it is perfectly safe for your credit score. You will not be able to spend more than you have deposited.
5. Find a co-signer. If you talk someone with good credit into co-signing with you, you will, most probably, get approved for a credit card. But remember that you will have to share the responsibility for the account. All your financial missteps will be reflected in your co-signer’s credit report.
6. When you apply for a new credit card try to pay all your bills on other plastics on time.
7. Mind an annual fee. Why pay more? Find a no annual fee credit card. There are plenty of them for all types of credit.
8. And, if you did not qualify for a credit card you had applied for, claim for an explanation. A credit card issuer, legally, has to tell you the reasons for their denial.

I hope you will find these tips helpful. I did a few years ago. Now I am a lucky owner of a good credit. I wish you go the same track.

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