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Who are the best providers for credit cards for people with poor or no credit history?
There are various companies that can provide credit cards for people with poor or no credit. Capital One and Orchard Bank offer a secure card. First Premier Bank offers 3 types of cards that are unsecured pending credit approval with a processing fee and up to a $300 credit limit. Applied Bank offers a Visa with "Easy Approval" with no security deposit required.
Why are unsecured credit cards easy to get?
Unsecured credit cards are easy to get because they have no restriction and anyone can get them. You do not need a good credit history or an account to get one.
How would one be able to get an easy credit card approval?
There are a couple of things one can do to assure themselves of being approved for a credit card. One should make sure their credit report is in good shape, lower their debt ratio, shouldn't apply for too many cards at once and apply for cards that they think they can get, if they have a low credit score.
Is credit card useful to us?
Credit cards are especially handy for traveling internationally as it is an easy way to get the currency of the country. Various banks offer incentives to use their credit card. As long as you don't acquire too much debt, credit cards are very useful. Basically you should pay off the credit cards each month if possible. If not, only do it for emergency purchases.
Which VISA cards offer cash rewards for purchases?
Most of the popular banks credit cards have the cash rewards program with VISA as Citibank, Chase, Bank of America. Easy to track with online banking.
