EASY CREDIT CARDS TO GET APPROVED FOR

The benefits of having a credit card in your wallet are extraordinary.  It provides security, knowing that you have financial assistance for any situation.  It means that you can meet an unexpected expense.  It also means you can splurge or have a night out, every now and then.  Yet, the responsibility of credit cards can also be extraordinary.  There is a bill that comes every month that has to be paid on time.  Paying only the minimum amount due can mean poor credit ratings and higher interest rates.  Not managing your credit in a responsible way can mean a lifetime of debt and difficulty obtaining credit in future situations.  If you maintain good credit then the process of getting approved for a credit card is super easy.

• Apply for a credit card where you have your checking and savings account.  Since you have a financial history with them it will count in your favor when trying to get a credit card issued by them. 

• Apply for a credit card that has the benefits and/or rewards best suited to your needs.  If you have a good credit history, then getting approved for a premium card will be an easy process.  Just use one of the many websites on the internet that review credit cards and do side by side comparisons of cards suited to your needs to pick the best one. 

For many people though the credit card process has become more cumbersome due to bad credit history.  Most people start their credit journey with the best intentions.  They get their first card and use it for only small purchases and pay the bill on time in full.  Then, for some the temptation to spend takes over and they run up a large amount of debt they can't afford to pay in full each month. 

Or, some people, no matter how responsible, incur a large credit bill due to an emergency expense (such as a car repair bill), or they can't pay the bill due to a loss of income.  Even the best intentions can leave you with credit problems that seem insurmountable.  Still, there are credit cards that are easier than others to get approved.

• Apply for a credit card that is not one of the "best" rated cards.  When you do an internet search for credit cards, often the first one listed in a review list will be the most restrictive to bet approved for.  Instead, try applying for a card that is listed a little further down on the list.

• Apply for a credit card that has a higher Annual Percentage Rate (APR).  Just be aware that some of these credit cards can have interest rates as high as 25% to 30% and even higher. Credit card companies charge these ridiculous interest rates to provide themselves some security since they are dealing with an applicant that has a higher risk of not paying.  The extra interest rates guarantee they will make money no matter what happens.  It will cost you more but if used correctly it can help you improve your credit history.  Just remember to only make affordable purchases; that means purchases you can pay in full when the bill comes to avoid the high interest rates. 

• Apply for a credit card with a very low credit limit.  Some of these cards can have a credit limit as low as $250 which doesn't allow for large purchases; but, it does allow you to rebuild your credit rating.  With these types of cards you need to be aware of any extra fees they charge.   Often, they will charge a high annual fee, an enrollment fee, a processing fee, and numerous other fees.  They offer to charge the fees to your card and by the time you actually have the card in your possession you will only have $50 or less available on your credit limit.  Essentially, you start with a $200 plus debt to be paid.  Still, if you are desperate for a credit card this is a viable option.  And, if you pay the bill and keep your card in good standing for a period of six months you can request a higher credit limit and even lower fees or interest rates.  If they won't do it, you may have built up your credit enough to qualify for another credit card with better terms.

• Apply for a secured credit card.  This will require you making a deposit as collateral and your credit limit will only be as much as your deposit.  But, it will give you available credit when needed and work to rebuild a bad credit history.

While there are credit card options that can be easy to get approval, the process of rebuilding your credit is not easy; but, it will always be worth it.