Easy to get credit cards are becoming very popular as the economy forces more people into bankruptcy. Tight financial matters can adversely affect your credit rating and make it difficult to get a credit card. There are easy to get credit cards that can help you improve your credit score and make it easier for you to rent cars, make reservations at hotels and restaurants, and make purchases online.
One class of easy to get credit cards is the second chance credit card. These cards are for people with bad credit, no credit, and poor credit and have many fees that may be exorbitant. Second chance credit cards have a high annual percentage rate, ranging from 20 percent to 28 percent. There may also be application fees, annual fees, membership fees, and monthly maintenance fees that can add up to the total credit limit. Another class is secured cards. You must submit a deposit into an interest bearing savings account with the issuing bank. The bank uses that account to secure a credit card for you. You will still get a monthly statement that must be paid as if it were an unsecured card. You forfeit your deposit if you default on your payments. Some banks will return your deposit to you after a period of time with on-time payments. A third class of easy to get credit cards is the prepaid credit cards. With a prepaid card, you deposit money on the card via electronic transfer or making a payment at a payment center. At the point of purchase, the amount is subtracted from the money you deposited on the card. These are the easiest cards to get because there is no credit involved. The fourth class of easy to get cards is the department store cards. Generally, the credit restrictions for department store cards are much more lenient than banks.
You can use these easy to get credit cards to help establish or rebuild good credit. Search for a credit card that reports to the credit bureaus. When you receive the card, use it responsibly and pay the bill in full every month. The credit card company will increase your credit limit after a length of time and report your good payment history to the credit bureaus, which will enable you to increase your credit score and take advantage of credit offers with better interest rates and perks.