Bad Credit Credit Cards - Compare your favourite credit cards such as Aqua Alliance & Leicester, Barclays, Citibank, Egg, MBNA, Sony, Vanquis, Virgin and more!
To apply for a Bad Credit Credit Card simply click the "Compare" button above then click the "More" tab. Or read more below about Aqua Mastercards and Vanquis Visas.
Bad credit credit cards are specifically aimed at people who have experienced problems on applying for a credit card due to a poor credit history. A poor credit history can come about as a result of defaults on mortgages, loans or general household bills, CCJs and bankruptcy.
Click here to find out more about your credit history.
There are now several lenders willing to offer credit cards to people with a bad credit history although the typical APR will be higher than traditional cards. Bad credit credit cards come with a much higher interest rate than the average credit card lender. Aqua Mastercard and Vanquis Visa are two types of bad credit credit cards aimed at giving people a second chance. In addition, these cards come with no annual fee.
A bad credit card may be a good way to start improving your credit rating providing you are realistic in what you can afford and are consistent with any payments you agree on with the lender. Should you fall behind with your payments on a bad credit credit card your credit rating will inevitably become worse.
The Aqua Mastercard is just one of the credit card providers who have helped over 100,000 people with adverse credit history or who have had difficulties proving a regular income. Aqua mastercards are issued by Halifax plc. This card issues by Aqua is at a higher rate than most, typical APR 29.9% however, if used wisely you will be able to improve your credit history and in time be able to apply for a much lower rate credit card.
The Vanquis Visa is another card that is readily available to help you repair bad credit. Vanquis Visas are helpful to those who may have been declined credit in the past. They are sympathetic to those in poor credit situations and believe in giving people a second chance to repair past credit. Once again, you can expect between 29.9% and 39.9% APR for this type of card.
Keep in mind, whether you apply for and are accepted for a low rate credit card or a bad credit credit card if you pay your card off each month or make your monthly payments on time a Vanquis Visa or Aqua Mastercard could be a great way to repair your bad credit.
The following circumstances can also adversely affect your credit if you are:
- Self employed
- Home maker
- On a low income
- In part time employment
- Not on the electoral roll
- At a new address or constantly changing address
- Affected by CCJs and/or defaults
Depending on your credit score you may want to consider applying for either an Aqua Mastercard or a Vanquis Visa. You will be charged a higher interest rate than most cards however, if you pay off your balances each month or at least make repayments on time each month you could use one of these cards to re-establish your credit and eventually be able to apply for a new, lower interest rate card.
Here at the MoneyOutlet you save Time & Money by comparing best UK deals on bad credit credit cards, credit card consolidation loans, debt management, mortgages, insurance and banking. For your free, no obligation quote on any of these financial products, simply Click & Compare.
Published on September 30, 2007
Digg | 
del.icio.us | 
StumbleUpon | 
Reddit | 
Yahoo! | 
My favourites
Latest Credit Card Articles
1 In 10 Credit Card Applications Rejected
Recent research into the credit card market suggest an increase in the number of people being rejected when applying for a new credit card. It is believed 1 in 10 will automatically be turned down as banks try to protect their bottom line.... Read More
March 5, 2008
Has Chip And Pin Been Successful?
It has now been two years since chip and pin was widely introduced in the UK. Primarily introduced to try and prevent credit card fraud, has it been successful two years on? 2004 saw costs of fraud in shops at £218m whilst in 2006 it dropped to £72m. Whilst there are reasons to feel more secure with chip and pin, APACS warns consumers of a rise in internet, telephone and mail order fraud... Read More
February 15, 2008
Credit Cards Criticised For Being Too Complicated
A recent report by the Office of Fair Trading has criticised credit card companies for making their products difficult to compare. The OFT also says consumers don't compare enough. Consumer group Which? asked for assistance from the OFT last year as it found card issuers were using 12 or more methods to calculate interest charges, cash advances, etc. This confusion has also recommended the FSA to step in and create a credit card comparison website... Read More
February 13, 2008
Egg Set to Cancel Credit Cards of Risky Customers
Credit lender Egg has recently announced they are taking action by canceling the accounts of customers they deem too 'high risk'. Egg is sending notice to approximately 161,000 credit card accounts notifying customers their card will stop working within 35 days time. Some customers are claiming they've never missed a payment, which has sparked investigation by the FSA... Read More
February 4, 2008
0% Cards Can Come With A Sting
Now that Christmas is behind us, many credit card holders in the UK will have transferred old debts onto a new balance transfer credit card to try and keep on top of their finances.The idea is to transfer balances over to a new card, typically offering 0% on balance transfers for several months to over a year. However, the problem that most people don't know about is something called 'negative order of payments'... Read More
January 30, 2008
Refer a Friend
Why not tell a friend about Money Outlet? Click here
