This is because it offers guaranteed approval with no minimum income requirement. And it will report to the credit bureaus.
However this is a secured credit card. This means you must make a deposit into a bank account ($500 - $5,000) then you will be issued a Visa credit card equal to the amount of your deposit.
You will still have monthly payments, your deposit secures your card in case of default. It will earn interest and is FDIC insured.
You will have an unheard of 0% APR on purchases and a low 9.99% APR on cash advances. This is a REAL Visa credit card and is accepted world wide, over 27 million locations!
And you get Visa's zero liability policy. This means your money is safe in case your card is ever lost or stolen.
Benefits:
0% APR on purchases
Credit Bureau Reporting
No Credit Requirement
Guaranteed Approval
World Wide Acceptance
Visa's 0$ Liability Policy
FDIC Insured Deposit
Requirements:
18 years of age
Verification of Information
Verification of Deposit
Applied Bank Visa - Suggest
Yes, we do suggest the Applied Bank Visa Card. It can be used to create a positive payment history on your credit report. This is a crucial piece of your credit score.
Additionally we love the 0% APR on purchases and low 9.99% APR on cash advances. Best of all it will report to the credit bureaus.
This means if you make on time payments and keep your monthly balance within your limit, you will be able to create positive marks on your credit report. This will help to rebuild a damaged score.
*Tip - If you can keep your monthly balance at roughly 25% of the credit limit, you credit score will benefit the most. It shows the bureaus you use your credit, and use it responsibly. (eg. credit limit = $500 try to keep your monthly balance = $125)
If you are interested in repairing a damaged credit score we suggest a no obligation - 100% Free
