The first thing that any credit card issuer wants to know is your credit history. Most of the time before approving or denying you for a particular card offer they will obtain a copy of your credit report. Your credit report contains information about your entire credit history and gives the issuing bank a good idea of your current financial situation.
If you have not seen a copy of your credit report we suggest obtaining your free credit report from Experian. You can do so by simply
clicking here. This will give you a great place to start when determining if you should apply for a bad credit card or a good credit card.
A history of bad credit will keep you from being able to get approved for many of the cards offered by Chase, Bank of America, American Express, and CitiBank. If you have a bad credit history we suggest applying for the Orchard Bank Mastercard, or one of our First Premier Bank credit cards. These cards are great for those with bad credit looking to rebuild their credit history.
A history of good credit allows you to apply for a Chase credit card, American Express credit card, Bank of America credit card, or Citibank credit card. These cards typically offer the most rewards, lowest interest rates, and no yearly fee’s.
Do you carry a balance?
Credit card companies make their money by charging you an interest on your balance. The balance is the amount of money you have charged and not paid off when the bill comes in. If you typically carry a balance from month to month, and tend to pay just the minimum payment then you should look into the low interest credit cards in order to keep from incurring large fees every month from accumulated interest.
If you tend to pay off the entire credit card bill each month then interest rates typically wont be a big issue for you. You should look into cards that offer good rewards in our reward credit card section. We also offer airline credit cards and cash back credit cards for those looking for something more than just a standard reward point program.
Choosing The Right Card
When trying to choose the right card remember there are many different categories dont always be fooled by applying for a card just from an issuer like American Express, Chase, Citi, or Bank of America. Look at the specific categories to determine which card will fit your needs the best, then choose the right card within that category for your use. Here is a list of different categories of credit cards:
Low Interest Credit Cards
Airline Travel Reward Credit Cards
Cash Bank Credit Cards
Instant Approval Credit Cards
Bad Credit Credit Cards
Balance Transfer Credit Cards
Business Credit Cards
Gas Credit Cards
Hotel Reward Credit Cards
Student Credit Cards
Reward Credit Cards