Many companies offer unsecured credit cards for people with no credit history or damaged credit. These can be expensive credit options, because many of them have:
Low credit lines.
High interest rates.
Up front application, processing, and reservation fees, usually charged to your first statement.
Annual or monthly membership fees.
A fee for line-of-credit increases.
If you are considering one of these cards, shop around among lenders. Compare fees and interest rates. Because the fees often equal the credit limit on these cards, you may have no available credit until you pay the fees.
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Many companies offer unsecured credit cards for people with no credit history or damaged credit. These can be expensive credit options, because many of them have:
If you are considering one of these cards, shop around among lenders. Compare fees and interest rates. Because the fees often equal the credit limit on these cards, you may have no available credit until you pay the fees.