If you have bad credit, you might be surprised at how many credit cards you can qualify for. Depending on your credit score and income, you may be limited to a few choices. Using a credit card eligibility checker bad credit is a good way to get an idea of which cards you can apply for.
How much salary I need to get credit card?
A credit card eligibility checker will show you which cards are most likely to be accepted. You can also use it to identify any errors on your application. The more you know about your credit, the better off you’ll be. By knowing when to apply, you’ll avoid costly interest charges or worse, a rejection.
While you should always pay off any debt you owe, using a credit card to build credit is a smart move. Aside from the fact that your score will improve, you’ll avoid interest charges. Also, being an authorized user is a great way to rebuild your credit history.
Getting a card with a low monthly minimum will help you avoid the nasty surprises of high interest rates. However, if you don’t pay the bill on time, you could wind up paying for the entire credit card amount in interest. In this scenario, you might as well consider using a debit or direct debit. This will allow you to pay your bill without worrying about your debit card getting stolen or lost.
Although the best credit card is usually reserved for those with a stellar credit score, a few lenders will offer you a chance to apply for a card if you have poor credit. These are usually known as starter or featured cards.