Immediately, when you think about getting a credit card you probably quickly change your train of thought. You may think that obtaining a credit card is a challenging thing to do but it doesn’t have to be. Most individuals are worried about interest rates and credit ratings, it is enough to give anybody a headache. It is not as hard as it sounds even if you have troubles with credit there are ways for you to get back on track. With the right information and tools available it doesn’t have to give you a headache. Don’t give up just yet.
The easiest credit card for someone to get especially someone who has less than perfect credit is a secured credit card. A secured credit card is one that requires a cash deposit that becomes the line of credit for that account. For example, if you put in $1,000 then that is your credit limit. You can then use the card just like a regular credit card for advances or purchases. As long as you make regular monthly payment this will improve your credit rating. After a year or more, some credit companies decide to reward you with a standard unsecured credit card in its place if you have done a good job maintaining the secured card.
If you are looking for an unsecured credit card the Barclaycard Rewards MasterCard is for individuals with average credit and is fairly easy to obtain. With this particular card you receive FICO scores regularly along with changes in your credit report. The only downside to this particular card is that it has a really high APR of 24.99% but there is no annual fee. Discover it for Students is also another good choice. The APR starts at 12.99% and has no annual fee and gives you a $20 bonus cash back on your first purchase with the card.
Another type of credit card is a cash back credit card. These card companies offer incentives for using their cards such as rewards or cash back. In some cases you will receive a rebate on purchases and in other cases you would receive cash back after a certain amount of usage. Chase Freedom is a good choice for a cash back card as it starts with a 5% cash back rebate on all purchases but they are divided in to quarters and there is a $1,500 cap per quarter. A Capital One Quicksilver Cash Reward Credit Card is also a great option as it offers $100 cash bonuses for $500 spent in the first quarter.
No matter what your credit situation is there are many options available for you to choose from. Make sure you do thorough research before choosing any one credit company and never get more than you actually need.
