Best Credit Card Offers specially for you

About Us  |  Contact Us  |  Articles  |  News  |  Tips  |   Tools
ADVERTISER DISCLOSURE is an independent, advertising-supported web site which is compensated by the credit card issuers whose offers appear on the site. This compensation may impacts how and where the credit products appear on our site, including, the order in which they may appear within credit product lists. does not review or offer all available credit products.

Credit cards for people with bad credit to repair their scores

[Wednesday, August 31st, 2011]

Almost every person in the world today has banks falling over themselves offering credit Cards of every imaginable kind – Gold, Silver, Platinum. The customer is spoilt for choice. But, on the other hand, there are some people who, due to irresponsible spending or just plain bad luck, have a poor credit rating. How do people with bad credit get credit cards?

Secured Credit Cards and Prepaid Credit Cards are advertised for people with a poor credit history. The consumer should first understand the working of both these cards and then choose one. Both cards require you to deposit a pre-determined amount of money before you can use them. Both the cards can be used at all places where credit cards are used.

With Secured Credit Cards, you will be allowed to authorize your card only after the Security Deposits against your credit limit have been done. This security deposit is kept in your savings account or certificate of deposit (CD). The credit card you use for buying will go against your credit limit. After you pay off your credit card bill, the balance is automatically adjusted – just like with regular credit cards. The security deposit is required only because you are a high-risk customer. If you want to work on your credit score, Secured Credit Cards work best for you. Read the terms and conditions carefully. Some cards automatically get converted to unsecured upon timely payments.

With prepaid credit cards, the amount you deposit is directly credited to your card. The purchases you make are automatically debited from the balance. You can re-deposit the desired amount and use it once the balance is down.

People who wish to avoid going to banks can use this card. Some banks do not offer debit cards. Such people can used prepaid credit cards. Most employers can directly deposit money into a prepaid card. The employees can then use this card as a corporate card. Parents can deposit the allowances of their teenagers into prepaid cards. Using them will help them manage money better. Prepaid cards can also be used as gift cards. Your loved ones can use these cards for shopping at places where electronic cards are accepted.

Prepaid cards work in a manner opposite to conventional credit cards. In credit cards, you pay through credit, whereas in prepaid cards you pay through debit. In many ways, prepaid cards are better than credit cards. You will only be spending what you already have. You will not have to worry about loans or interest rates. With credit card, you spend what you don’t have and have the responsibility of repaying it. Prepaid cards work like debit cards provided by banks. People who use Prepaid credit cards do not have to worry about making purchases they cannot afford and getting into debt. It fosters responsibility and freedom from uncertainty.

Prepaid cards do not help you in any way to re-establish your credit image. If that is the goal, you are better off going for a Secured Credit Card.

Read also

New Survey: Millions of Americans Met the COVID-19 Outbreak Indebted
[April 15th, 2020] has recently published the results of its annual long-term debt poll conducted online from March 4-6, 2020 by an international research data and analytics company, YouGov Plc. 2,526 U.S. adult respondents, among which 1,855 credit cardholders and 1,086 credit cardholders with debt, took part in it. One of the major survey outcomes is that […]

Continue reading ››

How to Make Marriage Work on Your Credit
[December 27th, 2019]

It is assumed that having made a serious decision to get married, the two persons promise to live happily ever after and share both joys and sorrows. Being honest and keeping no secrets from each other seems to be taken for granted. But have you ever discussed each other’s credit history?

Continue reading ››

How to Get Cash from a Credit Card?
[August 30th, 2019]

We all used to make purchases or pay for various services with our credit cards. More than 300 billion credit cards are issued in the U.S. annually, and almost 80% of Americans own at least one credit card. However, despite the wide acceptance of credit cards, it still remains useful to carry cash in your pocket. That’s where a credit card cash advance comes into play.

Continue reading ››
Copyright © 2003-2021 All Rights Reserved strives to keep credit card information up to date and accurate. However, all the credit card information is presented without warranty and can be changed by the credit card issuers at any time. Click the "Apply online" button to see the online credit card application and to review current credit card terms and conditions. Note that can be compensated by credit card issuers when the visitors apply for a credit card through the website.
* The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners. is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.
Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.
Information in these articles is brought to you by Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.
Disclosure: Not an access card.