The Good Bad Credit Card

By Leni Parrish on September 11, 2009

The credit rating is usually the most important consideration when it comes to credit card applications. Because of this, people with bad ratings may find it hard to apply. To make it worse, if they apply for a card and then got declined, their rating ends up suffering even more.

The best thing to do in this situation is to apply for a bad credit card. This way, their credit ratings will be protected. This can also help them until they improve their rating enough to apply for other cards with better benefits.

Clients can pick the best bad credit card among these choices.

AccountNow Prepaid Visa Card – Credit rating is certainly not an issue with AccountNow. Approval is guaranteed to anyone who applies. It has a balance limit, but it is reloadable. There is no activation fee as long as money is loaded into an account through direct deposit. With this card, clients can pay their bills, make direct deposits, and generally build their credit. It requires no minimum balance and there are no overdraft fees.

Applied Bank Secured Visa Gold Credit Card – This is a credit card that does not penalize its clients for late payments. The APR remains a constant 9.99%, even when the cardholder pays a bill past the due date. It offers a credit limit of up to $5000, but it is still up to the client to define what limit is most convenient.

Centennial Mastercard Visa – The Centennial Mastercard Visa is one of the most popular bad credit cards. In fact, there are now about 3 million Centennial cardholders. The bank provides these clients with a 24-hour information service which they can use to monitor their accounts.

First Premier Bank Gold Master Card – This credit card charges a low APR. If necessary, a cardholder can easily access his or her account through the telephone any time of the day. This bank also offers the First Premium Aventium Master Card and the First Premier Bank Black Platinum Master Card, both of which are also available for people with bad credit ratings.

Public Savings Secured Visa Credit Card – During the first six months after the credit card has been approved and activated, the bank charges 0% APR for all transactions. With this card, the client does not have to pay an annual fee.

Silvercard Prepaid Master Card – This is most suitable for people who receive Government or Benefits checks. The direct deposits of paychecks or government checks are free. There are also no overdraft fees or minimum balance requirements.

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