Credit Card for Bad Credit
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Looking for a credit card for bad credit can be a daunting and demanding
task. Perhaps the solution at hand is the likes of a Tribute MasterCard®
is issued by the First Bank of Delaware.
It has never been so easy to apply for a credit card for bad credit. To
apply for an Tribute MasterCard® card, simply complete all required
fields on the online application and click to submit it once you have
reviewed the Tribute MasterCard® Terms and Conditions. You will receive
a response right away. The process is fast and easy.
You will receive your new credit card for poor or bad credit when you
apply online and are approved for an Tribute MasterCard® card. The
expectation is that you should receive your Tribute MasterCard® card
within 2 weeks or so.
You can use your credit card for bad credit at ATMs in the Plus® and
Honor® networks or everywhere MasterCard® credit cards are accepted.
Certain cardholders will receive 3 convenience checks that may be used
just like personal checks and you can request additional convenience
checks at no extra charge. See account details for more information.
Purchases made with convenience checks are treated as cash advances and
will be subject to additional fees.
The current Annual Percentage Rate on the Tribute MasterCard can be
found and reviewed on the website when you make your application.
Certain accounts may have an annual fee, an account opening fee and/or
an account maintenance fee depending upon the particular offer you are
approved for and accept. The minimum payment on the Tribute MasterCard®
Credit Card will be the greater of 3% or 4% of your billed balance or
$20 or $25, depending upon your particular offer plus the greater of any
past due amount or amount by which your New Balance exceeds your Credit
Line. If your New Balance is less than your Minimum payment, your New
Balance will be due in full.
You can get a card for another family member easy. Once you receive your
new Tribute MasterCard®, simply call the customer service number printed
on the back of the card to request an additional card for an authorized
user.
For those persons seeking a superior credit card for bad credit, the
Tribute MasterCard is an obvious solution.
Secured Credit Card Marketing Scams
ANYONE CAN QUALIFY FOR A Credit Card for Bad Credit!
Separated? Divorced? Bankrupt? Widowed?
BAD CREDIT? NO CREDIT?
NO PROBLEM!
900-555-1111
- Make the call NOW and get the Credit Card for Bad Credit you deserve!
- Even if you’ve been turned down before, you owe it to yourself and your family.
- Your major Credit Card for Bad Credit is waiting.
Ads like this may appeal to you if you have a poor credit history or no credit at all. Beware: while secured credit cards can be an effective way to build or re-establish your credit history, some marketers of secured cards make deceptive advertising claims to entice you to respond to their ads.
Secured vs. Unsecured Cards
Secured and unsecured Credit Cards for Bad Credit can be used to pay for goods and services. However, a secured card requires you to open and maintain a savings account as security for your line of credit; an unsecured card does not.
The required savings deposit for a secured card may range from a few hundred to several thousand dollars. Your credit line is a percentage of your deposit, typically 50 to 100 percent. Usually, a bank will pay interest on your deposit. In addition, you also may have to pay application and processing fees — sometimes totaling hundreds of dollars. Before you apply, be sure to ask what the total fees are and whether they will be refunded if you’re denied a Credit Card for Bad Credit. Typically, a secured card requires an annual fee and has a higher interest rate than an unsecured Credit Card for Bad Credit.
Deceptive Ads and Scams
The Federal Trade Commission (FTC) has taken action against companies that deceptively advertise major credit cards through television, newspapers, and postcards. The ads may offer unsecured credit cards, secured credit cards, or not specify a card type. The ads usually lead you to believe you can get a card simply by calling the number listed. Sometimes the number is not toll-free. A ‘900’ number service, for which you are billed just for making the call, may instruct you to give your name and address to receive a credit application, or give you a list of banks offering secured cards. It also may tell you to call another ‘900’ number — at an additional charge — for more information.
Deceptive ads often leave out important information.
- The cost of the ‘900’ call — which can range from $2 to $50 or more;
- The required security deposit, application, and processing fees;
- Eligibility requirements like income or age;
- An annual fee or the fact that the secured card has a higher than average interest rate on any balance.
How to Avoid the Scam
To avoid being victimized, look for the following signs:
- Offers of easy Credit Cards for Bad Credit. No one can guarantee to get you credit. Before deciding whether to give you a credit card, legitimate credit providers examine your credit report.
- A call to a ‘900’ number for a credit card. You pay for calls with a ‘900’ prefix — and you may never receive a credit card.
- Credit Cards for Bad Credit offered by “credit repair” companies or “credit clinics.” These businesses also may offer to clean-up your credit history for a fee. However, you can correct genuine mistakes or outdated information yourself by contacting credit bureaus directly. Remember that only time and good credit habits will restore your credit worthiness.
Credit Reporting
If you’re considering a secured card as a way to build or re-establish a credit record, make sure the issuer reports to a credit bureau. Your credit history is maintained by companies called credit bureaus; they collect information reported to them by banks, mortgage companies, department stores, and other creditors. If your card issuer doesn’t report to a bureau, the Credit Card for Bad Credit won’t help you build a credit history.
For More Information
To build a credit record, you may want to apply for a charge card or a small loan at a local store or lending institution. Ask if the creditor reports transactions to a credit bureau. If they do — and if you pay back your debts regularly — you will build a good credit history.
If you cannot get credit on your own, you can ask a relative or friend with a good credit history to act as your cosigner. The cosigner promises to repay the debt if you don’t.
If you’re having problems paying bills, you may want to contact a credit counseling service. Non-profit organizations in every state counsel consumers who are in debt. Counselors try to arrange a repayment plan that is acceptable to you and your creditors. They also can help you set up a realistic budget. These counseling services are offered at little or no cost to consumers. You can find the office nearest you by checking the White Pages of your telephone directory.
Sometimes, non-profit counseling programs are operated by universities, military bases, credit unions, and housing authorities. They are likely to charge little or nothing for their services. Or you can check with your local bank or consumer protection office to see if it has a list of reputable low-cost financial counseling services.
More Credit Cards for Bad Credit:
Continental Finance MasterCard® Credit Card
New Millennium Bank Platinum Visa®/MasterCard®