IF you have a bad credit rating you can still get a credit card, as there are a number of providers that offer credit cards to people that have poor credit histories.
The main providers of credit cards for people with bad credit are Capital One, Vanquis, aqua and Barclaycard offers an initial credit card too.
All these credit card issuers offer card facilities for people with a bad credit rating and adverse credit history.
Comparing bad credit rating credit cards
You do need to bear in mind that when you compare and take out a bad credit rating credit card you will most likely pay a very high rate of interest, although the actual rate charged will depend on the extent of the damage to your credit.
As with any other credit card you should compare the rates of interest charged on credit cards for those with bad credit, as well as the terms and conditions.
Although you will be charged more in interest than someone with good credit you still want to try and get the best deal for your circumstances.
With a bad credit rating credit card it is unlikely that you will get any other benefits such as rewards etc. These cards tend to be very basic, and whilst they do charge a high rate of interest they can help to repair your credit over time providing you use the card sensibly and make responsible, timely repayments.
The best way to make the most of these credit cards is to use the card regularly and then repay the balance in full each month. This way you will avoid paying interest and you can repair your credit rating at the same time, whilst enjoying the ease and convenient of a credit card.
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