Credit card for bad credit- Eligibility to get

bad credit eligibilityToday, many people are interested in building or rebuilding their credit. When it comes to choosing the credit cards for bad credit, there are two common types available such as secured and unsecured credit cards. To improve your credit rating, you can take the benefits of free access to the internet to your credit report summary as well as your credit score. The credit one is a fully functional and unsecured credit card option that does not require depositing any funds. Once you use this, you will earn 1% cash back rewards automatically and also able to buy any items under the specific terms and conditions.

There are lots of credit cards available, but the unsecured credit card for bad credit is the best choice among all others. There are three top reasons available to recommend this unsecured card for people that include:

  • The main reason is that it is not a secured card, so people do not have to make any deposit.
  • This type of card has an ability to get more rewards for purchasing gas and groceries. But the secured cards do not provide any rewards at all.
  • After making many payments on time, you can secure the credit line increase.

The advantages of having a secured credit card with bad credit

If you have a bad credit, the secure credit card is a right option to use that includes the following benefits such as:

  • The major benefits of using secured credit cards are improving the individual’s credit history, which becomes most essential eligibility criteria for those who apply for a loan in the future.
  • To get a secured credit card, there is no need of any credit card income proof to submit.
  • Most of the banks offer flexible options to the users for depositing amount. It does not set any low deposit requirement.
  • The individuals can also gain more interest on the deposit, which becomes a good way to generate returns.
  • You can also apply for add-on card to get a credit card that helps to improve your credit history.
  • When you move to some other city and do not have any permanent address, there is no need to submit any ID proof and address proof to get a secure credit card.

Things to consider while applying for a card with poor credit

Once you decide to get credit cards for bad credit, there are some important points to be considered in your mind that includes:

Annual fee

It remains vary or fixed every year

Charges

You should be well aware of different charges in advance. Once your card payment cheque gets bounced, the payment is made late.

ATM withdrawal

If you are using a credit card at an ATM for withdrawing cash, you should be aware of the charges both at the same bank and other bank.

Know the interest rate charged

In case of using secured credit card, you should know the charge of whether interest rates higher or lower.

 

107 Easy Ways for Saving Money

ways for savingsMaybe saving is the hardest thing to do. Especially, when the salary comes, it is hard to manage the eager to shop. Ironically, we regret after spending too much money on something. Sarcastically, the money we spend is parallel with the regrets we feel. Therefore, I will give you 7 easiest ways to save money, especially when you are shopping.

List things to purchase

It is very important to make the list of stuff purchase. The list will make you focus only purchasing the listed stuff. List only the things you need. Do not purchase the speculated things. So, purchase only the things you use or consume. Do not think like “how if I need this” or “are we gonna need that”. these kinds of thought will encourage you to purchase more.

 

 

Bring cash to shop

You have to bring cash instead of a card. More importantly, bring just a bit more from the main budget. the cash in your hand can make such thought that you have only that amount. However, bringing the card can suggest that you have unobvious money limit. Therefore, people who habitually bringing the credit card often experience a financial problem related to credit card.

Shopping when your stomach is full

Shopping when you starve, psychologically makes you want to purchase lavishly. When your stomach is full, your brain will send the signal that you feel enough. Meanwhile, when you are starving, you will tend to think that you need more things to buy. More importantly, shopping when your stomach is full will avoid you to buy meals during shopping, that is, of course, will spend more budget.

Go alone for shopping

Commonly, we see people do shopping with family or friends. However, it is very recommended not let your friends or family accompany you. bringing family members, especially kids can spend more budgets. Moreover, friends tend to influence you purchasing unimportant stuff. They tend to support you purchasing things you want, not you need. Whereas, shopping alone lets you making a logical decision.

Do not scroll online shops often

These days, although technologically easier to shop, the habits of exploring online shops can make you lavish. People tend to purchase things they do not need because the stuff is visually looked interesting. Sometimes, only because of the trend, people follow the popular stuff, not because they need to.

Make foods by your own

If you live by yourself or with family, as much as you can, do not have a habit of purchasing your daily foods. Purchasing meals will spend more budgets absolutely. Purchasing meals means you are not only paying the food, but also the cooker, the restaurant tax, etc. More essentially, if you live with family members, it is healthier to make your own meals.  Often, the budget to make certain food is the same with ready-to-eat meals. By purchasing only the ingredients, you can make more portions.

Turn off unused electricity

Electricity savings should not be only during the earth day. you need to make it as your habit. Do not turn on the room that is not used. Right after you charged the cell phones or laptops, put off the cable soon. When you are sleeping, turn off the lamp and unused room.