Credit Card Applications for Bad Credit from MasterCard and Visa

Imagine Credit Card

Imagine Gold MasterCard was issued by First Bank of Delaware and was intended for customers with bad or no credit. One of the main benefits of Imagine credit card was that it could help build or rebuild credit history. It sent regular reports to credit bureaus, thus helping to improve credit faster. Yet like many of the credit cards for bad credit Imagine card had a low spending limit, high interest rates and high fees and also required you to set up an automatic payment plan.
Today Imagine card is no longer issued to new cardholders, but options for those with low credit scores are many. On our site we're presenting offers just as good as or even better than Imagine credit card. Compare the best of credit cards for bad or no credit, secured and prepaid debit cards.

Why build or improve credit history?

Your credit history is what determines your relationship with lenders. Every time you apply for a loan or credit card, your credit report is requested by the creditor. Creditors review your history and make the decision whether to extend you a line credit or not and on what terms. Higher credit score usually means low APR or 0% interest rates, low or no annual fee, rewards programs, overall better terms. Bad credit or no credit history mean higher risk to the lender and your credit terms, interest rates and fees will be less beneficial. Your credit report is also reviewed when you try to get insurance, sometimes employment and housing.
If building solid history is something you desire, you can choose a credit card you qualify for now. Make sure it reports to credit bureaus regularly so that you can build or improve your credit faster. Pay all your creditors on time and keep your credit utilization ration low. Good credit habits and a right credit card should help you establish or improve your history!

Credit and Prepaid Debit Cards

Even if your credit history is not that great, you have many good options to choose from. With bad or no credit you can apply for a credit card or a prepaid debit one. Knowing your needs and habits, you can choose what is best for you.
With prepaid debit cards you will enjoy 100% guaranteed approval, no interest charges, no overdraft or late fees and no risk of accumulating debt as you only spend money you deposit onto your card. It's safe and convenient for setting up a direct deposit of your paycheck or government benefits, paying bills, making purchases and travel reservations online. With some of the best prepaid cards you can also build credit.
Credit cards for bad credit usually send regular reports to credit bureaus, which is good for improving your score faster. Yet interest charges and fees are often high and spending limits low. If you apply for a credit card for bad or no credit to improve credit history, you should work on increasing your credit limit, as around 30-35% of your credit score is made up of how much of extended limit you actually use.
Research, compare and apply for credit cards or prepaid debit cards depending on what is better for your individual needs and habits.