Both unsecured and secured credit cards for poor credit customers are readily available but, due to the risk of default, the terms are completely different. The good news is that those who make punctual repayments to their bad credit history card will start to fix credit reports and repair bad credit. This could mean that mainstream financial products will become available in the near future.

How toSelect Credit Cards for Poor Credit

The best bad credit card deals are only available when a cash deposit or collateral is provided. This is because those who have defaulted on their credit agreement or declared credit card bankruptcy represent too great a risk to lenders. Possibilities include the Applied Bank secured VISA, First Premier platinum MasterCard or the New Millennium Bank secured platinum card.

Unsecured Bad Credit Score First Premier Platinum MasterCard

Unsecured poor credit credit cards offer a lower limit than their secured alternative. If accepted, a credit limit of at least $250 will be offered to customers. This amount will be re-assessed every 6 months so it could well be increased to a more useful level.