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3 credit cards that are easy to get

If you have poor credit or very little credit history, it can be difficult to establish yourself as creditworthy. These issuers are most likely to put plastic in your hands.

By Credit.com Feb 10, 2014 6:50PM

This post comes from Jason Steele at partner site Credit.com.


Credit.com on MSN MoneyNobody likes being turned down for a job or a date, but there is something especially painful about having a credit card application rejected. Applicants know that credit card issuers examine their income and pull their credit reports, so it can feel like their entire life is being held to account.


Thankfully, several issuers offer credit cards that are easier to qualify for. For those with poor credit or no credit history at all, the first rung on the ladder is a secured credit card. These products require that customers first place a refundable security deposit with the card issuer before receiving a card.


Shopping online © Creatas, SuperStockIn many instances, the size of the deposit becomes the cardholder's credit limit, essentially eliminating the card issuer's risk. In fact, some secured card applications do not even require a credit check, so acceptance is virtually guaranteed once the the applicant's identity is confirmed.


Yet in all other ways, a secured card is exactly like a regular credit card. Cardholders are billed for their purchases, and can be charged interest if their balance is not paid in full each month. Penalties are also assessed for missed payments, but on-time payments are reported to credit bureaus and will improve the cardholder's credit score.


The next step up for applicants with fair or average credit are the several standard, unsecured cards marketed to those with some blemishes in their credit history. These cards generally tend to be basic products with less-competitive terms and no rewards. Another good option is student cards that are designed for the needs of those who have a limited credit history.


Here are three credit cards that that are easy to get, along with the details applicants need to know before they apply.


First Progress Platinum Elite MasterCard Secured Credit Card

With this secured credit card, approval is granted to applicants with any credit history or credit score, as long as their identity is confirmed and they have been discharged from any bankruptcy filings. Once approved, cardholders must submit a refundable security deposit of at least $300, and pay an annual fee of $29. Cardholders can then use this card just like any other credit card. Customers have 25 days from the statement closing date to pay their balance in full to avoid interest, or they can choose to carry a balance and pay the standard APR of 19.99%. After at least a year of making their payments on-time, most cardholders will find their credit to have improved enough to qualify for a standard, unsecured card.


Capital One Platinum MasterCard

Capital Once offers a variety of rewards cards for those with good and excellent credit, but even those with merely average credit may be approved for this card. Although it offers no rewards, it does feature perks such as access to a 24-hour hotline for roadside and travel assistance, an extended warranty program, and automobile rental insurance. Cardholders start off with a modest credit limit, but Capital One offers a higher limit after cardholders make their first five payments on-time. There is no annual fee the first year, and a $19 annual fee each year after that.


Discover it Card for Students

Discover now only offers one card, the "it" card, but they do have a student version for those with a limited credit history. Cardholders earn 1% cash back on all purchases, or 5% cash back on their first $1,500 spent each quarter at select stores and categories of merchants. For example, in the second quarter of 2014 (April, May and June), the bonus categories are at all home improvement stores, furniture stores and Bed Bath & Beyond locations. Other features include 100% U.S.-based customer service, no late fee on your first late payment, and a free FICO credit score on your monthly statement. There is no annual fee for this card.


Keep in mind that just because these credit cards have lower approval thresholds than other cards on the market does not mean that every person who applies for one of these cards will be approved. Before you apply for any credit card, it's good to know the state of your own credit.  Then you're prepared to search for a card that you're more likely to qualify for, based on your credit-worthiness. Check your credit scores to get an idea of where you stand. There are free tools that can help you do that, like Credit.com's Credit Report Card, which updates your scores monthly and gives you an overview of your credit so you can see where you need to improve.


Note: It's important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.


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13Comments
Feb 16, 2014 6:57AM
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when  you come from another country why cant the credit card companys check your credit. how are you suppose to have a good credit if you dont buy any thing on credit. I pay cash or check for all my purchases. I came from Canada I lived there 68 years and have perfect credit ,  I just want a card for emergency like when i travel you cant rent a car for cash, or pay for a motel .
Feb 16, 2014 10:27AM
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I just applied for a B/A Rewards card.  I have an excellent credit score and an old B/A card with a very high credit line.  They stated that in order to issue me a new 'Rewards Card', they would lower my old card credit line by $10,000 and issue a new 'Rewards Card' with a $6,000 credit line!

 

SAY WHAT!!

 

I just got "PENALIZED" for having great credit! 

Feb 16, 2014 10:15PM
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Better be careful getting the easy ones, they may not be the best to have in your wallet. Check before you decide..... easy in may be hard to get out.
Feb 17, 2014 3:46PM
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you said if you pay cash for every thing, you dont haVE CREDIT GOOD OR BAD. i KNOW THAT i CAME FROM CANADA IT SHOULD NOT BE THAT HARD TO CHECK YOUR CREDIT. I ALSO HAVE BEEN PAYING  UTILITTIES BILLS AND RENT ON MY LOT ETC.                                       BEFORE 911 IT WAS NO PROBLEM TO GET A CREDIT CARD IN THE U.S.A BUT NOW ITS IMPOSSIBLE UNLESS YOU GET ONE FROM THE INTERNET, I WILL NEVER DO THAT THERE ARE TOO MANY CROOKED COMPANIES. THE COUNTRY  IS GOING OVER BOARD ON THERE SECURITY SYSTEM. THE BANKS AND OTHER COMPANYS CAN KEEP THEIR CARDS, I CAN GET BY WITH OUT ONE.
Feb 16, 2014 10:57PM
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If you have poor credit, you do not need a credit card of any type.
Feb 17, 2014 2:54AM
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I HOPE the United States Economy COLLAPSES and Wall Street CRASHES and BURNS!!!! Then I WANT CHINA to declare WAR on this CROOKED Country!!!!
Apr 2, 2014 10:01PM
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Dear friends, 

Often there are situations when people are in acute need of money and in such circumstances, the credit cards have a very important role to play in providing people the financial support that is needed. However, it has to be kept in mind that getting a credit card is not an easy thing to do because most banks and companies do not approve a credit card very easily and they even take a month or so for such approvals. Present Trend in Banking is quite simple and easy. when there is a big demand for creditcards in early 90's bank had a strict rule of giving a credit card. that the person who needs credit card should have maintain good balance. Atleast one Fixed Deposit and also he has lots of more proofs to submit. Forget all. Now my friend refered one site which offers credit card to every body in just simple steps. easiestcreditcardtoget.org @  when you get time try there and you will really like the website which offer this service very effectively.
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Yes, get these cards. These banks prey on the weak and stupid and the American people fill the role. They jerk you long and hard so please continue to enrich those that are destroying your once meaningful country.  I don't often laugh so hard I cry, but when I do, Its from reading financial reports on the American nitwits..  Stay thirsty my friends
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