Got Bad Credit History? Get a Credit Card Anyway!
If you’ve ever gone to your bank filled with the hope of getting a credit card only to have your application denied, then you probably know what bad credit history is. Bad credit history means that either you have a bad history of not paying off your credit cards, or else you have no history at all. Either way, that’s the main reason that most people whose credit card applications are denied face these problems. Banks and credit card companies usually don’t want to give out cards to just anyone.
But the fact that certain companies don’t want to offer credit cards doesn’t mean that it’s necessarily impossible. There are still quite a few ways to get your credit card, and you can almost certainly get one if you are a responsible and honest person.
First of all, there are many independent companies that will offer credit cards to those who have never had one before. If you’ve just moved into the country and opened a bank account, you can often still get a credit card even though you have very little history. Likewise, if you have perhaps had bad luck with credit in the past, some of these will still award you a credit card.
Usually the credit card you can get with bad credit history is fairly limited, a few hundred dollars, perhaps, but it’s a start. Once you have just one credit card, you can start to build history. Use it as much as possible, and before long you should be able to upgrade and spend more with it.
If you don’t want to go the route of an independent company, then you should definitely try at your local bank. A bank that you have an account with is fairly likely to accept your application, though there’s no guarantee. After a certain amount of time of using their service, the chances you’ll be able to get a card with them will grow.
You should see if you can get someone with better credit history than you to co-sign or vouch for you on your application. Some credit card services will take this as a good enough proof that you qualify, and it can allow you to get even better credit cards. Research the specifics in your situation to see if this isn’t true for you.
A credit card can be incredibly useful, as you probably already know and don’t need to be told. So instead of being limited by bad credit history, why not get out there and research some of these options? You can at least start rebuilding your credit history, and then try again in a few months if nothing comes through right away.