How can I determine what the best(lowest) APR on a Credit Card is?
Question by marisol2626: How can I determine what the best(lowest) APR on a Credit Card is?
I have real bad credit I believe, because I even have a foreclosure in my credit report.I am now trying to find some kind of credit card offer that will let me borrow like $ 500.00, but I do not want it to have a terrible high interest rate nor a Deposit fee nor any other fee. I am trying to rebuild my credit because I only think that I will spend like $ 50.00 a month and try to pay it back in full the next month. I have tried to look into the many “Bad Credit” offers online, but I need some guidance as to what to do because I do not want to be cheated like many CC do as I have found out. What do you advice?
Best answer:
Answer by JAMES P
if you have a really bad credit rating then you will have to pay high interest, here are some good credit card companies that offer credit cards to people with bad credit
www.capitalone.com
www.vanquis.com
Give your answer to this question below!
the lower the better
http://www.orchardbank.com
they give cards to anyone. $ 500 limit prob, with annual fee, high interest. they are owned by hsbc.
Just go for the offers that don’t charge you to establish your credit or apply. There are some real “doozies” out there that will have you owing almost as much money as your credit line. Orchard Bank/HSBC is a good one for someone restarting their credit profile again. If you truly intend (and do) pay off your balance each month, it doesn’t matter WHAT your interest rate is because it won’t be applied if you don’t have a balance. Then after awhile (6 months/1 year or so) of good paying history, you can apply for other credit cards with better rates……….actually they will start sending YOU ads/preapproved offers…..LOL