Credit Cards for Bad Credit Offers

Glossary: Bad Credit (Common errors: secured credit cards credit cards poor credit badcredit credit cards no credit credit cards )

Description: A credit rating term. If you have missed a credit card payment or defaulted on a loan, for example, you may be labeled as a bad credit risk by credit card issuers and other financial institutions. Bad Credit can result in being denied credit.

Best Offers


All Credit Cards for Bad Credit Offers

You have most probably searched using a less common (or misspelled term), in order to view all available credit cards please have a look at Credit Cards for Bad Credit.

Read our articles:
No Cash Cushion for Americans
Excerpt of the article:

The latest report from the Bureau of Economic Analysis shows that the personal savings rate in America has dipped below zero.

That's worse than simply not saving, on average, Americans are spending more than they earn. Note that some economists and experts take issue with the way this number is calculated. It doesn't take into account the growth in home equity or the amount plowed into retirement accounts like IRAs. Thus, a more holistic picture might in fact be a brighter one. This doesn't mean that the negative savings rate should be ignored. It still points to a significant problem: without cash you don't have a liquid emergency cash cushion.

This can make your financial life difficult. Why? Because having an emergency cushion enables you to keep saving, and making those mortgage payments. It prevents you from sinking into debt. There's no question, some of us just don�"t have the desire to save, women, in particular, according to some. Women that are asked about their biggest problems consistently rank saving too little and spending too much in the top three.

So what to do? A couple of big credit card companies think they have the answer. A few weeks ago B of A rolled out a new debit card called �"Keep the Change� that rounds your purchases up to the nearest dollar and puts the change in a savings account. The first three months, it will match your contributions entirely; thereafter, it will match 5 %. Bank of America estimates you can save up to $150 to $200 a year this way. However it caps annual savings at $250.

Simultaneously, American Express introduced a new credit card it's calling �"One�. It works more like the Discover card, except instead of giving you cash back, American Express will put an amount equal to 1 % of your purchases into a savings account currently paying 3.15 % annually. The card has a $35 annual fee, but you make most of that back with a $25 deposit to your savings account the first time you use the card. If you charge $12,000 annually you'll save $110 year one. If you�"re the type of customer who likes to get something in return for swiping your plastic, you may want to consider them.

Unfortunately, what you save on cards like these is never going to be enough. You need to accumulate an emergency fund equal to 3-6 months worth of living expenses. That's not the same as what you spend in three to six months, however, it's 3-6 months worth of necessities. And the best way to do that is by signing up for an automatic savings plan. Tell your bank you want it to pull a certain amount of money out of your checking account the day after you get paid and put it in a savings account. Then keep your hands off!!



The details for these offers may have changed. Please check the individual online credit card application for updated and complete terms and conditions of offer. Click the "Apply Here" button to review the credit card terms and conditions on the credit card issuer's web site. All credit card information offered on Creditrunner.com is presented without warranty. However, strong efforts are made to maintain accurate information.