The title of this article is one of the most asked questions by people who have a bad credit rating. So is there really such a thing as guaranteed approval credit cards for bad credit?
A bad credit rating can make life extremely difficult in regards to trying to obtain a credit card. You might have found in the past that many lenders shy away from anyone who has a less than perfect credit rating. There is a saying that there are no guarantees in life and this may be so as no one knows what is around the corner for them. So what about guaranteed approval credit cards for bad credit?
The trick is In Finding Lenders Willing to Offer Credit to People with Low Credit Ratings
The trick to being successful in getting approval for a credit card if you have bad credit is to find lenders who are willing to offer credit to those with a poor credit history.
Did you know that by applying to many different lenders and being turned down could actually damage your credit rating even more? Therefore, you don’t want to keep applying to different lenders if you keep being turned down, so how are you supposed to find a lender who will say yes?
Here at Bonsai Finance, we specialize in working with many lenders who are willing to offer credit to people with poor credit ratings. While there may not be any guarantee you will be approved, you do at least stand a much better chance of approval than you might be searching the internet alone. We do most of the hard work for you by matching you with lenders who specialize in offering credit cards to people with a poor credit score.
Guaranteed Approval Credit Cards for Bad Credit May Only be a Click Away
Credit cards for people with bad credit can be compared with our help. We find you lenders and you can check the interest rates offered and type of credit card to find the one most suitable for your needs.
While people with bad credit cannot get the best interest rates and deals on the market, obtaining a credit card is at least one way of getting back into lending. Once you have been approved, the credit card can even help you to rebuild your rating so you can go on to get deals that are more attractive. To improve your credit rating using a credit card you should:
- Remain under the credit limit given to you;
- Repay at least the minimum amount each month, more if you can;
- Never miss a repayment;
- Never be late with a repayment;
- Pay the credit card off as soon as possible.
By doing the above, you generally find the lender will offer you an increased amount of credit as time goes by. Eventually, you will improve your credit score by showing you are sensible, which means the world of credit is more open to you by way of more attractive deals and lower APR.
Applying For a Credit Card with Bad Credit
The anxiety over applying for guaranteed approval credit cards for bad credit is reduced with Bonsai Finance due to the fact the application is easy and fast. As mentioned before we work with lenders who are more willing to say yes than no, regardless of your credit score. Compare lenders with us, check the details of the credit card as they all come with terms and conditions and compare the APR along with any bonuses that might come with the card. Some lenders may even offer a 0% deal for two or three months when you take out their card. This means any payments you make during that time you are only paying the amount borrowed and not the interest, so take advantage.