When you have a poor credit rating, it’s almost impossible to avail a credit card. With credit checks a part of assessment process, you won’t be able to hide the fact that you have bad credit and worse, a history of CCJ. Most providers would out rightly reject your credit card application for the major reason that you are a high-risk customer. Fortunately, there are such things as bad credit credit cards.
Bad credit credit cards are offers that are specific for consumers with bad credit issues. These types of cards, in general, are easier to get approved for and make a handy alternative for standard credit card options for regular consumers with good credit.
If you’re looking to apply for one, here are some of the best bad credit card options available for you to choose from:
This credit card has a max credit limit of £1,200 at Representative APR of 29.6%. Considering that you have poor credit, this option offers relatively low APR for consumers like you. It is also suitable for people with limited to no credit history.
Just like the aqua Advance, marbles Classic has a max credit limit of £1,200 at Representative APR of 29.7%. This option is specific for people with bad credit looking for a low APR. If you have little to no credit history yet, you are also welcome to apply for this option.
Capital One Classic Platinum
With higher credit limit, Capital One Classic Platinum is another suitable option for people with bad credit. Representative APR is variable at 29.8%. The max credit limit is set at £1,500. You get one interest rate for all transactions and when used well, this card can help you build your credit history.
Aquis Visa Card
With lower max credit limit at £1,000, the Aquis Visa Card is ideal for people with bad credit who want to test the waters. You can always opt to have your credit limit increased up to £3,500 later if you’re eligible. Representative APRs for this option ranges from £29.8% to £59.9% depending on a few factors. One of which is your credit rating.
Granite Credit Card
Though more expensive than the other options at 34.9% APR, this granite Credit Card is easy to get approved for especially if you have a bad credit history that includes past CCJs. Max credit limit is initially set at £1,000 but can be increased up to £3,500 after your 5th statement.
Ocean Finance Credit Card
If you want fast response for your credit card application, the Ocean Finance Credit Card is worth looking at. This option promises to give you a response in 60 seconds. Max credit limit for this credit card is £1,500 at relatively higher Representative APR of 34% than other options.
Another option that promises to give you a response on your application in 60 seconds is Luma. The card features a max credit limit of £1,500 at representative APR of 35.9%. This one is particularly easy to get approved for especially since more than 300,000 people with bad credit have already availed this option.
If you want a credit card that offers a manageable credit limit, the aqua Start is preface for you. The max credit limit for this option is set as low as £300. The representative APR, however, is steeper than other options at 49.9%. To help consumers not exceed the credit limit, providers send out text reminders so your spending will always stay in control.