Reviews Of Popular Credit Cards For Bad Credit / Poor Credit Always Help
If you are thinking of applying for a credit card, then you must be thinking about the question- How do credit card companies verify income of the applicant? There are different types of incomes that you can include on your credit card application such as:
• Your part-time and / or full-time income
• The amount of alimony or child support that you get
• Gifts or trust fund payouts
• Your social security payments and pensions
• Retirement fund payments if any
• Income generated from your investments
Regardless of the credit card that you have chosen, all these incomes will be considered by the credit card company to determine whether you are a reliable borrower or not.
Applying For The Merrick Bank Secured Visa Credit Card?
You can consider the below mentioned Merrick Bank Secured Visa reviews
• There are both pros and cons to this credit card. Let us begin with the good parts about this financial instrument which include high credit limit. You can take it as high as $3000 from just $200.
• The next best part about this credit card is that your account qualifies for credit line increase. A quick review of your account activity will be done by the bank in order to approve you for the same.
• Your credit card report is going to go to the three credit bureaus, Equifax, Experian and TransUnion.
Now, let us understand the downsides of this financial instrument which include a $36 annual fee.
• This means that your initial credit limit will be $164 if you begin with a $200 deposit.
• Similarly, another aspect that is going to bother you a little is total absence of any rewards or bonus offers.
• There is also a foreign transaction fee, late payment fee and returned payment fee of 2%, $40, and an additional $40 respectively.
Should You Go For Reflex MasterCard?
You can consider Reflex MasterCard reviews on the internet. The below mentioned pinions That May Come In Handy
• You can qualify for this credit card very easily if you have limited / bad credit.
• It is also going to report to all the three major credit bureaus.
• The application process is fast and easy and there is absolutely no fraud liability for any unauthorized charges on your credit card.
• But a few downsides to this credit card include high fees, high APR, absolutely no rewards and the mandatory checking account.
You May Consider The Regions Secured Credit Card As Well
Have A Look At The Following Reviews
• Convenience comes very easily in the form of the Regions Secured Credit Card and over 1900 ATMs that are easily reachable.
• Support for payment solutions such as Google Pay Apple Pay, Samsung Pay and several more.
• You get Regions Relationship Rewards Points but only if you choose a prestige or premium credit card. This means that a regular / ordinary Regions Secured Credit Card may not be enough for you.
• Again a downside to this financial instrument is that you might have to pay a security deposit initially which in the cases of many individuals might defeat the purpose of wanting to have plastic money in the first place.
Unlimited Cash Back By Green Dot
How Much Do We Know About It?
The answer is "very little" and this is because not many people know how they are supposed to spend their credit with this financial instrument so that they are able to qualify for the cash back. The biggest catch here is that any credit card holder can access and redeem their cash back rewards only if their account has been in good standing at least for a year after registration
Having the necessary insights as to your current finances and the various financial instruments available in the market is very critical to staying afloat and out of financial troubles. Reviews and opinions about credit cards for bad credit / poor credit always help.