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How to Get a Credit Card If You Have Bad Credit

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From Quick Guide: Introduction to Credit Cards

Summary: Many banks, such as Capitol One and First Premier, will issue credit cards to people with bad credit, though these cards have high rates and low spending limits. Revive credit after bankruptcy by obtaining a transitional credit card and paying monthly payments on time, according to the tips in this free video on personal finance from a licensed mortgage broker.

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By Adriel Torres
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Adriel Torres has been in the mortgage business for over a decade. He has owned two mortgage companies and is a licensed mortgage broker. Torres has been doing credit repair since...read more

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Video Transcript

"Hi. You have bad credit or no credit at all you're wondering how to obtain a credit card, no problem I'll help you with that. My name is Adriel Torres and I'm the owner of Ultimate Credit Today. Com. They're many banks out there that will help you with new credit or to reestablish credit if you've had a bankruptcy or you have bad credit currently. The high credit is set on these credit cards are set somewhere between 200 and 500 dollars but the main thing you have to keep in mind is to make sure you always pay your credit card on time at least the minimum, if you have more pay more that way the creditor in this case the bank will give you higher credit limit as your monthly payments are on time or you pay more than the minimum payment they feel more comfortable granting you more credit. Three of these credit card companies out there that have this program is Capital One, HSBC, and First Premier Card which all can be found on line. You can do a quick application and you usually have an answer within forty-eight hours and that's how you obtain credit whether you have no credit at all or you have bad credit. Again my name's Adriel Torres and I'm the owner of Ultimate Credit Today.Com. Thank you very much."

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