Credit cards for bad credit | Poor Credit

Your Credit Connection

Bad credit
Bad Credit Credit Cards Bad Credit Credit Cards
Adverse Credit Credit CardsInterest Free PeriodLimitTypeRepair CreditAPRMore Info
Capital One Classic
 		56 Days £2,500 Yes 34.9%
Receive up to 56 days interest free on new purchases if you pay your statement in full and on time every month. The minimum monthly payment is: - the full outstanding balance if it is less than £5, but otherwise the greater of: - an amount equal to the total of (i) 1% of the outstanding balance on your account; (ii) interest applied to your account in that month; (iii) all default sums incurred in that month; and (iv) one twelfth of your annual fee; - or £5. Recommended for people with bad credit.
Capital One Progress
 		56 Days £2,500 Yes 29.9%
By using your card sensibly, ensuring you remain within your credit limit and make minimum repayments, it is possible to reduce the interest rate on the card to 19.9% after 16 months. The rate is reduced by 5% after the first four months and then again by 5% every six months until the rate reaches 19.9%. Therefore in month five the interest reduces to 29.9% p.a. variable, in month eleven the rate reduces to 24.9 p.a. variable and the final reduction arises in month seventeen which reduces the rate to 19.9 p.a. variable. Recommended for people with average credit.
Vanquis Visa Card
 		56 Days £1,000 No 39.9%
Vanquis specialises in understanding an individual's circumstances. They have already helped over 100,000 people with a poor credit rating. They'll consider you if you are new to credit, have had credit problems or CCJs in the past or have a bad credit history.
e-Platinum Plus Green Card
 		N/A £5,000 N/A Yes 0%
The e-Platinum Plus card is a one way ticket to reaching your desired goals. Buy your favourite merchandise for less and do all the shopping you'd love to when using a shopping card that gives a very reasonable amount of credit at ZERO interest rate. Improve credit rating by developing a good payment history. The card issuer reports to all the major credit reference agencies with account payment history so you will notice your credit rating improve within a short time.
  • Get the benefits of PLATINUM
  • Credit line £5,000 (can be increased)
  • 0% APR Fixed Forever!
  • Guaranteed Approval!
  • No Credit Checks
  • £500 cash advances
  • Reporting to major credit bureau.

Bad Credit Credit Cards

If you are having difficulty obtaining a credit card due to a poor credit history, or even very bad credit, there are still a variety of options on offer. Many companies specialise in credit cards for people in this situation.

Although the interest payable on these may be higher than with other credit cards, once you have been successfully accepted for a credit card, it could help you to rebuild your credit rating so that you can obtain credit more easily in the future.

Initially you may be given a low credit limit, but if you consistently make the required repayments on time, your credit limit will gradually be increased.

As well as higher interest credit cards there are a variety of other cards available to people with bad credit history, as follows:

Secured credit cards

To take out a secured credit card you will need to make a deposit payment. This is to protect the credit card company if you default on your payments. It is important to remember that the deposit payment cannot be used in lieu of a monthly payment, and you will still have to maintain regular monthly payments at the required amount.

  • Positives: the same as for high-interest, low-limit credit cards. Bad credit history can also be dispelled as you can rebuild your credit rating with a real credit card that offers classic credit-card convenience.
  • Negatives: the same as for high-interest, low-limit credit cards, plus the security deposit. You have to remember that the deposit is just a deposit, not an advance payment. If you miss a payment, the consequences are the same as with any other card. In addition, you need to have the money for the security deposit to apply for a secured credit card in the first place.

Credit cards with guarantor

Some companies may ask for a guarantor when you apply for a credit card if you have a poor credit rating or no credit rating, for example, if you haven't previously applied for credit. The guarantor will usually be someone who has a good credit rating. However, two important factors to consider are:

  1. If you default on your credit card payments, the guarantor's credit rating could be affected as well as your own.
  2. The guarantor may be asked to repay the debt if you are unable to meet monthly payments.

Department store credit cards

Department store groups issue this type of card to be used when making purchases at certain specified stores. Interest rates are usually high on store cards, but they can be easier to obtain than lower interest rate credit cards. Stores often give discounts to their cardholders or operate a points system, whereby the cardholder can exchange the points for discounts against future purchases.

Charge cards

With a charge card you have to make payment in full each time you receive an account statement. However, companies offer reward systems with this type of card, such as discounts, cash back schemes, reward points and free services.

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