Unsecured credit cards for bad credit : Bad Credit Advisor

Unsecured credit cards for bad credit

Unsecured credit cards for bad credit represent a perfect repair tool for credit-challenged people. Also excellent way to establish credit for many, these unsecured cards are offered by several banks.

For someone with less than perfect credit, the South Dakota based First PREMIER Bank offers reasonable terms with 9.9% annual rate on purchases, the minimal initial limit of $250 and the initial following fees billed to the first statement - Annual Fee of $48, Account Set-Up Fee of $29, Program Fee of $95, Monthly Servicing Fee of $7, and an Additional Card Fee of $20 per card if issued. Read the disclosures carefully to understand other potential fees, fines, etc. Eligible for credit limit increase in 6 months. Apply here.

Centennial MasterCard is one of several unsecured credit cards for bad credit borrowers from First PREMIER Bank. Quite similar to the previous offer.

Continental credit card is a good choice for bad credit repair. Issued by First Bank of Delaware with APR ranging from as low as 9.75% to as high as 19.92%, this unsecured card comes with Account Processing Fee of $200, Annual Fee of $25 and annualized Account Maintenance Fee of $144. Monthly reporting to all 3 agencies and semi-annual credit limit increases. Apply here.

Orchard Bank card for bad credit consumers has variable rate in a range of 8.9% to 14.9%. Issued by HSBC Bank, it is unsecured and designed for those with an average or a limited credit history who do not wish to secure a credit card account with a deposit. Offers variable 8.9% APR for purchases. The Annual Fee is charged at a rate between $5 and $8 every billing cycle as a Periodic Membership Fee. The total annualized amount is between $60 and $96 and a Processing Fee between $19 and $49 could apply, depending on your credit. It reports to Equifax, TransUnion and Experian, so makes perfect sense for someone who want to fix or establish a new history. Apply here.

The terms offered are likely the toughest among unsecured credit cards for bad credit people. The card, depending on credit eligibility, is offered in two Gold MasterCard flavours - the "$300 Card" with a line of $300, annual percentage rate on purchases of 19.50% and the "$70 Card" with a line of $70, annual percentage rate on purchases of 14.99%. The "$300 Card" requires an initial minimum payment of $30, while the "$70 Card" requires a one-time Account Opening Fee of $20 leaving you with little left. Other fees are applicable. Apply here.

Sun Jun 8, 2008 06:06PM by Tony | More in Credit Repair | Comments (0)

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