Is it possible to get a credit card with a bad credit rating?

yes try capital one or virgin

Is it possible to get a credit card with a bad credit rating?
Its not worth it as APR would be SOOOOO high! and it doesnt help with improving your rating especially as you are more likely to go wrong with a credit card due to the ease of using it and the "will pay it off later" thought!


Suggest that better to sort out your rating first, then if you really need one you will have a better choice with better APR's - but you might find you don't need it by then!


If the card is just for 'status' then can you not get Debit "credit cards" where you pay money onto each month, then you can just spend it how you like - making it look like you're flashing the card around but not going into even more debt.
Reply:Hi,





A good way of getting around your bad credit rating is to get a credit card (any card you can, even with high interest rates) and spend 50 pounds a month on it (groceries, or something you already spend on every month) and pay it back before the end of the 52 days. Do this for 6 months and your credit rating should be ok.
Reply:Yes you can. Try a secured credit card such as the secure visa card. They are typical for people who have no credit or bad credit to help start building good credit. Here is an explanation of what a secured credit card is:


http://www.consumer-action.org/archives/...
Reply:how else do you think your gonna get in more debt ?, ask around someones bound to offer you one, probabley charge you a bazillion percent interest, but hey who cares,
Reply:You can re-new your credit rating. It would cost around £40 and takes 4-6 weeks.





Then you could get a small credit card (£250)





Seach the web you "Credit History"
Reply:You usually can, but the interest rate on the card would probably be through the roof.
Reply:Yes, but the interest rates are high.
Reply:Absolutely. It will cost you though. It's called a secured credit card. Capital One started that way about 15 years ago. The company will ask you for a deposit of 150.00 to 200.00 and hold that as security on your account. That will also be your spending limit. If you pay them on a timely basis, they will eventually extend your credit.
Reply:If you are given a credit card, your interest rate will be at least 21%, probably. I would suggest that you never, ever carry a balance on it. Pay it off every month, and never charge anything you can't afford that month.
Reply:WWW.SUREFIREFINANCE.CO.UK can help with credit cards, loans, mortgages, they did for me!!!
Reply:It's possible , but the APR is going to be high because of the bad credit rating.
Reply:Yes, you can get a secured credit card with a high rate of interest as the other answerers have mentioned, but if you just go back to the habits that got you a bad rating in the first place, you'll only be digging yourself into a deeper hole. You'll need to pay promptly every month, and pay more than the minimum, because your rating is based partly on the size of your outstanding balance compared to your credit limit.
Reply:Yes, very possible.





But, get this, if you have a bad credit rating, which means that you are not creditworthy to a lender, then the lender will help you out by giving you a credit card with an outrageous interest rate or may require you to "provide a security deposit" to obtain a "secured" card.





In other words, yes you can get a credit card with ugly credit, BUT IT WILL COST YOU BIG TIME.
Reply:Yes but you will pay a higher rate than someone with good credit.
Reply:There are some banks that offer secured credit cards. With this method you deposit a certain amount of money into a savings account with this bank. They put a hold on it, you can't get it out, but they give you a credit card with a limit on it equal to what you have in the savings account. They usually have certain amounts for you to choose from, such as $300 or $500 or whatever. This way they're protected if you don't pay your card off. They have your money. If you pay regularly and on time you will establish a good rating and they'll release your savings account to you.
Reply:Yes, there are a lot of Credit card companies that will offer you a card to help get you credit recovered.
Reply:play safe dont have one.
Reply:Yes but you need to be wary of most of them.My credit was severely damaged due to improper billing of some HUGE medical bills.They were submitted improperly and by the time I got out of the hospital my score had dropped nearly 100 points(I was unable to pay my existing creditors while in hospital as well.As a result I had no more credit cards.Here's my experience.Go with Orchard Bank above First Premier and Imagine(Aspire,Compu Credit).Orcards fees are WAY lower,better customer service and far better web site functioality.I've since cancelled my Imagine card because it was HORRIBLE and the fees INSANE.I would ditch First Premier as well but I like to have 2 open cards on my report.Don't apply for more than one right now but I'd say Orchard.I have a 0% APR with them right now.It never hurts to check your reports first as some inaccuracies may be hurting your credit.Orchard inquires to your Experian report.Orchard is an UNsecured card as well.


www.orchardbank.com
Reply:I got a capital one card with a poor credit history and ive had it now for 3 years have made regular on time payments and my limit is still only 500.00.

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