Emergency Credit Cards - What Can They Do?
If you are in a situation where it is really important for you to start building good credit very quickly; you may need an emergency credit card, but do it carefully.
There are a lot of second chance credit card offers out there.
None of them are going to roll out the red carpet in front of you if there are some major credit problems in your past, but they will do business with you, of course.
The key to being smart in this regard is to be prudent in the use of the card.
Since you are reasonable, you can understand why they are going to have to view you as a high risk if you don't have good credit.
Some of these companies will even charge you a fee for their service.
Some will charge a fairly high interest rate.
Others may only give you a secure credit card (and this works like a debit card and it reports to the credit bureaus, so that can be an excellent thing for you, because it will enable you to build positive credit).
Whatever kind of emergency credit card you end up getting, you need to make certain it is one that can help improve your credit.
The following tips will help you get one that is good for you.
First, you have to know your situation and you might have to get a credit report to know that.
If you know your credit is really bad, then you ought to consider getting a credit card that will not check your credit.
They are out there! Most of the time, these are 'credit builder' emergency credit cards.
Typically, this sort of card will be a secured credit card.
This means you will 'load' the card with cash, similar to a debit card, and whatever amount you load onto your card is your credit limit.
Before you get this sort of card, make certain that they DO report to the credit bureaus.
This is enormously important because if it does not report to the credit bureaus, then it cannot help improve your credit.
Second, if your credit has some issues you know your credit has issues but isn't terrible, then you may be able to get for an emergency credit card that will check your credit.
This might be a better choice in your case as your fees and terms might be a little less than the previously explained card.
Whichever way you go, here are some points to remember to keep your fees down.
1.
Always pay off your credit card each month.
2.
Do not keep a balance on your card because you cannot be charged interest if you never have a balance.
3.
Do anything you can to steer clear of annual fees.
Request that they waive the fee after you have been a good standing card member for a little while.
4.
Emergency credit cards make money each time you swipe the credit card.
So swipe it a lot, but make those payments as often per month as you can.
Most companies will allow you to pay off your balance online.
Do this! That way you can keep a close eye on things, and it will better equip you to think that when you spend money on your card, it is just as if you were spending cash.
This is really key.
This is essential to improving your credit.
There are a lot of second chance credit card offers out there.
None of them are going to roll out the red carpet in front of you if there are some major credit problems in your past, but they will do business with you, of course.
The key to being smart in this regard is to be prudent in the use of the card.
Since you are reasonable, you can understand why they are going to have to view you as a high risk if you don't have good credit.
Some of these companies will even charge you a fee for their service.
Some will charge a fairly high interest rate.
Others may only give you a secure credit card (and this works like a debit card and it reports to the credit bureaus, so that can be an excellent thing for you, because it will enable you to build positive credit).
Whatever kind of emergency credit card you end up getting, you need to make certain it is one that can help improve your credit.
The following tips will help you get one that is good for you.
First, you have to know your situation and you might have to get a credit report to know that.
If you know your credit is really bad, then you ought to consider getting a credit card that will not check your credit.
They are out there! Most of the time, these are 'credit builder' emergency credit cards.
Typically, this sort of card will be a secured credit card.
This means you will 'load' the card with cash, similar to a debit card, and whatever amount you load onto your card is your credit limit.
Before you get this sort of card, make certain that they DO report to the credit bureaus.
This is enormously important because if it does not report to the credit bureaus, then it cannot help improve your credit.
Second, if your credit has some issues you know your credit has issues but isn't terrible, then you may be able to get for an emergency credit card that will check your credit.
This might be a better choice in your case as your fees and terms might be a little less than the previously explained card.
Whichever way you go, here are some points to remember to keep your fees down.
1.
Always pay off your credit card each month.
2.
Do not keep a balance on your card because you cannot be charged interest if you never have a balance.
3.
Do anything you can to steer clear of annual fees.
Request that they waive the fee after you have been a good standing card member for a little while.
4.
Emergency credit cards make money each time you swipe the credit card.
So swipe it a lot, but make those payments as often per month as you can.
Most companies will allow you to pay off your balance online.
Do this! That way you can keep a close eye on things, and it will better equip you to think that when you spend money on your card, it is just as if you were spending cash.
This is really key.
This is essential to improving your credit.
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