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Bad Credit Credit
Card | Top Companies: This Week's Reviews |
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| Services Offered:
Bad credit card |
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| Company Overview:
First Plus Platinum offers credit cards and lines to
consumers with bad credit, and has since 2007. The
company works with thousands of customers every year,
and operates as an online-only company. However, they do
have a phone contact for their customers and card
holders who need assistance. |
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| Our Review:
First Plus Platinum has some great credit cards. Many of
them are limited in use, but when you really need a bad
credit card, something is better than nothing. The
website is a little cluttered at first, but all of the
cards are explained in an easy to read format, which
makes it good for customers. |
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| User Review:
First Plus Platinum is a great company! I might be
biased because I had such a hard time getting credit
approval, but they really have a great card and a great
service. I couldn’t believe that I was able to get such
a high credit line with my bad credit card, but they
really gave me a chance when no one else would. |
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| Services Offered:
Bad credit credit cards |
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| Company Overview:
Abacus Credit was founded in 1998 as an online source
for Bad credit credit cards. They do all of their
communications through e-mail so that everything is in
writing at all times. Most of their loans close within
30 days, and approvals only take 24 to 48 hours in most
instances. The company works with more than 50,000
consumers every year. |
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| Our Review:
Abacus Credit is one of our favorite companies for bad
credit financing. They have an array of Bad credit
credit cards and loans for customers, and their customer
service is always on top of their game. The website
makes getting credit cards and loans easy, because the
forms are simple and the site is uncluttered and easy to
get around. |
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| User Review: When
no one else would give me a credit card, I thought that
I was stuck with bad credit for the rest of my life.
However, I found Abacus Credit, and was well on my way
to being back on track in no time at all. I love the
service I got, and the card that they got me is great,
too. |
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| Services Offered:
Bad credit credit cards |
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| Company Overview:
Credit Axis was established in 2003. They work with more
than 80 lenders and creditors to provide bad credit
financing of all kinds to consumers. The website even
has an entire section dedicated to government funding
information, and their loans and Bad credit credit cards
are fully described so that there is no confusion as to
what consumers are getting. |
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| Our Review:
Credit Axis is another favorite of ours for Bad credit
credit cards. With so many options to choose from, they
certainly have something for just about everyone. The
customer service is readily available 24/7, and the site
is really easy to use. |
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| User Review:
Credit Axis was referred to me by a friend of mine that
had been through the bad credit process on his own. I
really wasn’t sure about working with some company that
I’d never heard of, but their products and services were
actually really great. |
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| Services Offered:
Bad credit card |
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| Company Overview:
Bank of Internet was established as an online-only bank
in 1999. They have more than $1 billion in assets, and
are FDIC insured just like any bank out there. They have
better rates on their services and products because of
their online operation, and they work with customers
around the country. |
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| Our Review:
Bank of Internet has been one of our favorite lenders
for a while. They have it all, really. They have great
products, great rates, and great customer service, which
is what every consumer deserves, good credit or bad.
Their website is really easy to use, as well, which is
just icing on the cake. |
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| User Review:
Bank of Internet was shown to me by my wife, who found
them while searching for online savings accounts. I was
desperately in need of a bad credit card, and they were
the only company that would give me one. Even so, the
rates were still affordable, and I didn’t pay any fees
to get the card, which was great. |
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Other Top Companies for
Bad Credit Credit Card : |
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Three Things to Look Out for with a Bad Credit Credit
Card: |
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A lot of people
have bad credit. That doesn’t mean that they aren’t
worthy of a credit card that can help them to get back
on track. Some people shouldn’t ever be allowed to use
credit, just because of their spending habits and
inability to get back on track. However, it is up to the
credit card companies as to who gets to use credit
cards. For those with less than perfect credit, many
companies offer bad credit card choices and bad credit
financing options. These cards are generally very
beneficial to the people that have them. However, there
are some red flags to avoid, no matter how badly you
want or need the bad credit card:
-Interest rates will be higher, but shouldn’t be
outrageous. If the card has more than 20% interest, you
shouldn’t bother unless you can really afford to pay all
that extra money. Sure, you might be desperate for a
credit card approval, and the companies know this, which
is why they charge so much. Take the time to look around
and see if you can’t get a better rate.
-Annual fees are a no-no. You’re already strapped
financially, and even if you have bad credit, you
shouldn’t have to pay to use a bad credit card. There
are plenty of banks and credit companies that offer
fee-free cards for people with no credit and bad credit,
so stick with their cards instead of paying fees that
you shouldn’t.
-Watch out for scams. There are companies out there
specifically designed to take money from people who are
desperate to have a bad credit card. Don’t let this
happen to you. Only apply for credit card offers from
banks and lenders that you know or can prove are
legitimate. Never accept a credit card offer that
requires you to send in money before the card is issued,
especially when you don’t know the company.
With bad credit, it can be tempting to take any offer
that you get for a bad credit card. However, you aren’t
the worst person in the world, as these companies might
make you out to be, and you shouldn’t let them take
advantage of your desperate need for a bad credit card.
Take the time to check out all of your options and make
sure that you actually get a card that works for you,
not against you, in improving your credit and making
your life easier.
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