What is The Easiest Credit Card to Get
When applying for credits cards, the owner of the bank account has to go through a series of authorization processes. There are many types of credit cards, and we will discuss the major types in this blog post.
Secured Credit Cards
Getting approved for a credit card is tough if you have no or poor credit history. A secured credit card may help you out with that. Secure cards are alternatives to regular credit cards. The only difference would be that you have to make a security deposit for this card. The amount you deposit will be returned once you close your account, given that you make regular payments. Before choosing this card, make sure you know the details. This may not be the easiest credit card to get for some people.
Unsecured Credit Cards
An unsecured credit card does not need a security deposit. You do not have to deposit any amount to gain the card either. Deposits for credit increases are also not required at all. Customers can qualify for unsecured cards based on their credit history, financial strength, and their earnings potential. Unsecured credit cards are the most common cards.
Prepaid Debit Cards
Prepaid debit cards are also known as re-loadable debit cards. People who do not use bank or credit unions for financial transactions use these cards, possibly due to their poor credit history. The advantages of using this card includes being able to carry cash safely, due to worldwide acceptability.
Reward Cards
Reward cards are cards which can get a small bonus or gift. When you use your card, you get points. Those points are used to gain rewards such as gas, air miles, etc. These cards are issued by stores, gas stations, and a numerous amount of businesses.
Student Cards
Some colleges and banks issue student cards students above the age of 18. By this time, such students are working. These cards help students with savings; some offer rewards on good credit and usage, and can help them learn how to maintain an excellent credit history. Some universities have their own cards which students can use for certain purposes, while other universities have partnered up with credit card companies to offer students a bit more.
Charge Cards
Charge cards are cards associated with an account for which full payment must be made when a statement is issued. These cards allow the cardholders to make purchases, for which the cardholder will be indebted. The cardholder must pay the card issuer by a certain deadline. Late payments can also permit fines.
Now that you know which types of cards are available to you, you will find it a bit easier to choose the cards best for you. Coming around to which card is the easiest credit card to get, we recommend:
- Student Cards- If you are a student this card is your ideal card. Some cards give you benefits while on the other hand some don’t depending on your colleges and universities.
- Secured Credit Cards– Though you may have to go through a few standard procedures, secured credit cards are still easier to get and to use if you can afford to make a security deposit.
Have anything to share? Feel free to talk with us about your opinions, they really do matter.
