Credit Cards for Bad Credit

Credit cards for bad credit is possible. Let's start out by saying that if you have bad credit, the only possible reason you could have for wanting another credit card is to try and rebuild your credit rather than to go on a shopping spree at the local Wal-Mart. For people with bad credit, credit cards can be the bane of existence.

Today good personal credit is more important yet more difficult to build and preserve than ever. The rate paid or the very availability of a mortgage, a car loan, or a credit card often depends on credit, and credit scores are routinely evaluated by prospective employers, landlords, and even insurers.

Just so you can't get into too much trouble with a credit card while you have bad credit, we recommend that you get a secured credit, like the First Progress Credit Card, rather than try to apply for a standard credit card. A secured credit card can prevent you from getting into credit problems and still show that you can be responsible with a credit card plus give you the peace of mind you need in the event of an emergency.

Good credit is hard to establish. A secured credit card can help to rebuild credit or to build new credit for folks just starting out.

The First Progress Platinum Secured MasterCard Credit Card is a full-feature Platinum MasterCard with a credit line based on a security deposit rather than on a credit score. The card is designed to advance the accumulation of new information in a credit file by reporting account activity to all three of the major national credit bureaus every month. And because it's a full-feature Platinum MasterCard, the card provides the convenience and prestige of the worldwide MasterCard system.

The First Progress Platinum Secured MasterCard credit card is issued by Synovus Bank, Columbus, GA, member FDIC. You may be approved for this card with any credit score and credit history so long as: any bankruptcy in your credit history has been discharged, you successfully fund your security deposit, and you meet the government-mandated identity and income credit card requirements.

Credit cards for bad credit - Learn from your mistakes!

Just because you have bad credit doesn't mean you can't get a credit card. Just be careful if you do get one and remember to use the card to purchase budgeted items like gasoline and groceries. Then use your budgeted cash to pay the balance back down to 10% of your credit limit each month. This way you will help to improve your credit without incurring more debt.

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