Take it from someone who has been there and done that. Do not go for the cards with annual fees. If you are trying to build a good credit history, I would check with the bank for a small sized loan and be good about paying that back. I wouldn’t try for any more credit cards. They tend to get you into a lot of trouble.

Go on Bank of America’s website, they have a credit card for people who are trying to build their credit. It is a great way to bring up your credit score..

People with bad credit or poor credit are often face difficulties in obtaining a credit card. The fact is indeed true that their choices are limited when it comes to credit cards but, credit card issuers are increasingly offering financial products that specially cater to bad credit people.

Bad credit problem can be caused due to a number of situations. The credit card choices available to bad credit people allow them to rebuild their credit history. Financial products that help bad credit people are prepaid credit cards or debit cards, secured bad credit cards, unsecured bad credit cards. Here we take a look at each one of them. Read more from:

It will be almost impossible to get a credit card with ‘no annual fee’ if your credit is bad. Basically, you have to pay more for the opportunity to borrow since you pose such a high risk. It’s not uncommon– and it’s not a SCAM if you have to pay annual fees. You can find a complete list of reputable credit cards for poor / no credit here:

It sounds like you’re on the right path to improving your credit score. Get a second card, carry small balances and always make your monthly payments on-time. Eventually, you’ll be able to qualify for better offers with lower APR’s and less fees. But for now, these are your options…

Hope this helps. GOOD LUCK!

Orchard bank or Chase

Jeremy’s right. It’s almost next to impossible to find a credit card without an annual fee even if you have good credit let alone bad credit. There are some cards (First Premier, Millenium, etc) that aren’t really worth having because of the fees. Orchard Bank has cards that have cards with fairly low annual fees. Chase cards don’t have a fee, but they’re harder to get especially if your credit’s tanked. Wells Fargo and Bank of America offer secured cards that have the lowest annual fees that I’ve seen for secured cards. Granted with a secured card, you’d have to put a deposit upfront in order to get the same amount in a line of credit, but usually you get that back after a year of paying on time every month and keeping the balance low. I posted links to those websites, including orchard for you to take a look.

Hi,

Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved onarrange loans or other finance, and usually means you will pay more interest on any loan you take out. Better clear your badcredit now.

Normally these loans are more expensive than those offered to borrowers with good credit. The interest rates are higher because the lender bears higher risk. Adverse credit loans have more stringent repayment criteria than normal loans. Skip one payment on a bad credit loan and your rate will rise and you may even have to face a foreclosure.