If you need a credit card but fear you have bad credit, the first thing to do is to perform a credit check by obtaining your credit report. If it is confirmed you have a relatively low credit rating, then applying for a bad credit credit card can actually help improve your credit rating. These credit cards are also known as credit builder credit cards. Our main category explores bad credit and how to improve it in more detail.
Can I get a Credit Card if I have a Bad Credit Rating?
The short answer is yes you can, we help you compare bad credit credit cards. Even if you have a bad credit rating or consider yourself to have a poor credit history, there are products available.
|Capital One Classic Extra
|Aqua Advantage Card
Pay on time Reduce APR
|Aqua Rewards Card
|Capital One Classic Card
|Vanquis Credit Card
|Granite Credit Card
|Aqua Credit Card
Some of the requirements for obtaining these cards include:
- Being registered on the electoral roll, with the same address on this as your application (best to apply for this kind of product just before you move house for example).
- A credit history of managing credit products, even if this includes some CCJ’s (county court judgements).
What are the different types of Bad Credit Credit Cards?
Credit card companies offer credit cards with standard payment terms, but also there are pre-paid credit cards.
Which Credit Card Companies offer Bad Credit Credit Cards?
Which Bad Credit Credit Cards offer Guaranteed and Instant Decisions on Approval?
There are pre-paid credit cards, where there are no credit checks, when you apply. These are available from Virgin. Capital One offers a 60 second application engine, but sometime it can take longer.
Please not that it is important to pay your credit card debt on time, these credit cards often have APR’s that are over 30% APR, which whilst are not on the same level as payday loans, will still make paying back the debt more difficult. Building up a large debt on the credit card is not advisable on this basis.