Let’s say you’ve had a bumpy road financially for the past few years or more, and you haven’t even had a credit card for quite a while. Maybe you even moved in with a friend or relative until you could get back on your feet, and you didn’t have a lot of bills and were able to operate primarily on a cash basis.
But now, you’re out on your own again and it’s difficult and inconvenient to process all of your bills and make all of your purchases by cash of paper check. And there are times when you could really use a credit line to tide you over to the next check, until you can build up a more substantial savings account.
Now, your story may differ in the details, but if anything remotely like this describes your situation, you may well be asking the question, “Are there really good credit cards for people with bad credit?”
About Credit Cards for People With Bad Credit
While you might not realize it, the truth is there are numerous credit cards for people with bad credit that are readily available to almost all applicants.
With around a third of US adults (who have any substantial credit history at all) having “bad” or “poor” credit scores, smart lenders know that this is too big of a market to just ignore. They also realize that many people with less than perfect credit histories now have steady incomes and are motivated to use their cards responsibly and make all their payments on time.
Bad credit credit cards are a competitive market, which means you will have a variety of options. So there is every reason to explore your available offers and sift through them till you find the best fit.
Secured VS Unsecured Credit Cards
You may think that bad credit applicants only have access to secured credit cards, where you have to make a deposit equivalent to what will be your credit line, in order to get approved for the card.
While a secured card could be the right decision for some; if you dislike them, realize that there are many unsecured credit card offers out there that don’t require good credit or even passing a credit check.
Some people like secured cards because they involve little to no risk of “actually” getting into debt. Others dislike the idea of having hundreds of dollars of their cash tied up for the deposit. Either way, you’ll find multiple offers that accept bad credit.
Finding the Best BAD CREDIT Credit Card
Do a simple Google search, and you’ll see a plethora of BAD CREDIT credit card offers pop up on your screen. But who can possibly sort through them all and find which companies are reputable and which offers are the best?
At Bonsai Finance, we give you access to our powerful search engines to quickly identity your best credit card offer. We make it fast and simple to locate and apply for your card!