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Low Score Credit Card

Member

Low Score Credit Card

Im trying to rebuild my credit and I have a secured credit card right now. I would like to get another unsecured card if possible. I was approved for one today but with a 300 dollar limit, 36% interest and 95 dollar processing fee. Are there any credit cards that I could be approved with a score under 600?

Message 1 of 50
49 REPLIES
Moderator Emerita

Re: Low Score Credit Card

It depends - need a little more information regarding your credit profile. Baddies? Inq's?
Are you a member of a CU? Who is your secured card with?


Did you say 36% APR?
Message 2 of 50
Established Contributor

Re: Low Score Credit Card

First Premier, Credit One, and Applied Bank come to mind. Orchard Bank was one of the better ones, but you can't apply for it any more. When looking for a card try to get one with as few fees as possible. I suppose I lucked out with my Credit One card only having a $75 annual fee.


Starting Score: 515
Current Score: EQ08 711 EX08 731 TU08 735
Goal Score: 740+

Amex BCP $25k | Discover IT $15.7k | Cap 1 QS $10k | PSECU $10k | Citi DC $9300 | Citi DP $6800 | Barclay Ring $6500 | PayPal Extras MC $5045 | DCU $5000 | Chase Slate $5000 | Barclays AA $4100 | Chase Freedom $4000 | Union Plus $1000 | Target $500
Message 3 of 50
Member

Re: Low Score Credit Card

Yes 36%. I have one collection, 2 different accounts with a 30 day late payment. Alot of inquires. Ive had the card for 16 months now, it is through arvest bank. 500 secured card.

Message 4 of 50
Established Contributor

Re: Low Score Credit Card

For rebuilding purposes, I would say give CreditOne Bank a shot. Keep it for a year and close it thereafter. Don't apply for more credit during that year, and you should be able to get a new decent card.

NFCU CashRewards $13.5k | AMEX BCE $15k | Lowes $17k | Sportsmanss guide $7.6k | Chase Freedom $1k | Discover IT $4.4k |
Walmart $8k | Gordman's $2950
Message 5 of 50
Valued Contributor

Re: Low Score Credit Card

Please stay away from Creditone and such ....I don't try to go against others but speak from experience with the bank I would stay away from it( just cancel it 1 week ago )....
Maybe try a few below :
1. credit union
2. local bank secured credit card with at least 1k limit
3. Store card

Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 6 of 50
Member

Re: Low Score Credit Card

I just applied and was approved for Capitol one. I tried for a Walmart card but it said it would send a letter in 7-10 days and I read that this generally means not approved. What's wrong with Capitol one
Message 7 of 50
Established Contributor

Re: Low Score Credit Card


monstere316 wrote:
I just applied and was approved for Capitol one. I tried for a Walmart card but it said it would send a letter in 7-10 days and I read that this generally means not approved. What's wrong with Capitol one

I would call the backdoor number for walmart, the 7-10 day is not always a bad thing. It could be some conflicting info on your report (address, etc), so if I were you, I would get on that!

NFCU CashRewards $13.5k | AMEX BCE $15k | Lowes $17k | Sportsmanss guide $7.6k | Chase Freedom $1k | Discover IT $4.4k |
Walmart $8k | Gordman's $2950
Message 8 of 50
Member

Re: Low Score Credit Card

Ok where can I find that number?
Message 9 of 50
Established Contributor

Re: Low Score Credit Card


monstere316 wrote:
Ok where can I find that number?

You can find the thread here

NFCU CashRewards $13.5k | AMEX BCE $15k | Lowes $17k | Sportsmanss guide $7.6k | Chase Freedom $1k | Discover IT $4.4k |
Walmart $8k | Gordman's $2950
Message 10 of 50