Your Goal Is A Good Credit Score How Credit Cards For Bad Credit Should Be Used
Credit cards for bad credit or limited credit should be chosen with absolute care and diligence. You cannot make this decision in a hurry and you can definitely not pick a credit card for poor credit just because your friend had chosen it. Carefully assess your purchase habits and your monthly budget. Make a list of your daily expenses and your monthly expenditures that are completely unavoidable.
Depending upon these factors you have 3 very popular choices in front of you. The first is the Assent Platinum Credit Card, second is the Total Visa Credit Card and the third is the Applied Bank Secured Credit Card.
What Should You Watch Out For In The Assent Platinum Card Review?
The first thing that you are going to notice about this easy approval credit card for bad credit is the astounding annual fees. The ongoing purchase APR is quite low on this credit card but the annual fee is of $49.00. This might not be an attractive feature to a lot of credit card holders or perhaps to somebody who is looking to rectify his credit. Many other secured credit cards have a $0 annual fee.
What About The Maximum Credit Limit?
You get an impressive $2,000 credit limit on this credit card. If you believe that you have a big budget to make a large deposit, this credit card is for you.
Foreign Transaction Fee
This might not look appealing to a lot of credit card users. This financial instrument is not an ideal choice for someone who takes frequent overseas trips. If you are purchasing on foreign websites you will have to pay a 3% fee for foreign transactions.
Reports To All The Three Credit Bureaus
Now this is a useful feature because reporting to all the three major credit bureaus takes a lot away from your stress. If you are keeping your payments on time and are consistent with your purchases, in addition to keeping your interest low, you will have absolutely no problem while building your credit from scratch.
Oh yes, regardless of what secured credit cards for bad credit you are using, whether they are prepaid/secured or any regular credit card, they can be used for PayPal as well.
Applied Bank Secured Credit Card Reviews For You If You Are Looking For A Fixed APR
Yes, the very first thing that you will notice about this card is that it has a fixed annual percentage rate. The Applied Bank Secured Visa Gold Preferred Credit Card is extremely popular for its 9.99% fixed rate. This is counted as one of its best features till date.
Initial Deposit To Consider
There is an initial deposit of $200 which is required to activate the credit card. The range goes up till $1,000 and their annual fee goes till $48.
Talking About Introductory Offers
Yes, this is one of the biggest drawbacks of the Applied Bank Secured Credit Card. They do not have any reward programs or 0% introductory offers. If you are a new card holder, you may be disappointed with it because there are no sign up bonus and reward points for new card holders whatsoever.
Having A Deeper Look Into The Fees
In addition to the $48.00 annual fee there is also a $38 late payment fee attached to this credit card. The returned payment fee is also $38 and you will have to shell out an additional $30 for stop payment services. If you lose your credit card, the replacement fee will be $50.
Global Acceptance
This card is accepted globally with a wide range of ATM networks. You can use these for overseas purchases without any hassle.
How Would You Rate The Total Visa Credit Card?
This is also a very popular credit cards for bad credit no deposit & its pros and cons. Again, you will have to make a choice based upon your lifestyle and purchase decisions.
Looking For Good Approval Odds?
This is one of the biggest advantages of the Total Visa Credit Card. Getting approved for this financial instrument is very easy and fast. The application process is simple and can be carried out completely online.
No Specified Timeline To Increase Your Credit
Now, isn't this interesting? The Total Visa secured credit card comes with a $300 credit limit. If you want to increase your credit limit by $100 you will have to pay $20 charge for that.
No Rewards
This is like a popular trend among several best bad credit credit card. This financial instrument is pretty much bare-bones for any credit card holder who wants to build up their credit from scratch. It has no rewards or perks for new credit card applicants.
Use your credit cards wisely regardless of whether they are the regular ones that you have applied for or probably something that you have chosen to rectify your bad credit with. Your credit scores should be your only goal. Just keep that in mind and you will stay out of several financial troubles.