6 Tips for Secured and Unsecured Credit Card Applicants

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6 Tips for Secured and Unsecured Credit Card
Applicants
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• Today, lets talk about tips credit card
  applicants, like you, can use as you shop around
  and compare secured and unsecured credit card
  programs offered in the market.

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Research on the prevailing rates and terms of
credit cards.

• Find time to consider the current features of
  secured and unsecured lines of credit available
  in the market. You can do this by asking for
  pamphlets or brochures from nearby banks and card
  issuers. However, you shouldnt fixate on the
  interest rate or on the credit limit. After all,
  catalog credit cards guaranteed approval come
  with other features such as payment terms and
  options, fees and charges, additional facilities
  (like cash advance, balance transfers, etc) and
  relevant rewards or incentives.
• By doing so, you will be equipped with the right
  information that can help you find and eventually
  apply for a suitable credit card program. More
  importantly, such information can prevent you
  from taking out lines of credit from predatory
  card issuers and from getting ripped off by
  popular credit card scams.

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Examine your personal finances.

• Take a close look at your monthly income and
  expenses and consider if you can really afford to
  manage and use a secured or an unsecured credit
  cards for bad credit. Always remember that even
  if a credit card can help you manage your
  financial resources effectively, it can still eat
  up a significant percentage of your budget
  especially if you intend to carry balance from
  one month to the next.
• If you discover that you have more than enough
  cash to cover your future credit card charges as
  well as your other financial obligations, then
  you may start shopping and comparing the offers
  you will receive. However, if you think that you
  barely cover your monthly bills and expenses then
  it might be best to postpone your plans of taking
  out a line of credit, until you become more
  stable, financially.

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Shop and compare.

• Visit websites that offer credit card comparison
  services. After all, by using the tools available
  in such sites you can easily identify the
  beneficial features of each credit card program.
  Furthermore, you can narrow down your options and
  select a credit card that perfectly suits your
  needs, spending habits and budget.

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Run background checks on your target issuers.

• After coming up with a short-list of secured or
  unsecured credit cards for bad credit, what you
  should do next is to conduct personal
  investigation on your prospective card issuers.
  Look at their history and accreditation with the
  federal or state government. And consider what
  the past and current clients of each firm are
  saying about the programs they offer and their
  working relationships with prospective
  cardholders, like you. In so doing, you can
  improve your chances of finding a firm that can
  give you what you want and one that will honor
  your rights as a credit consumer.

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Inquire about the requirements.

• Ask what forms you need to fill out, which
  financial or personal documents you need to
  submit, and the fees and charges you need to pay
  to ensure the immediate processing of your credit
  card application. This way, you can have the
  documents and funds ready before submitting your
  request for a credit card program.

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Read and examine the fine print of the credit
card program, before signing your contract.

• Take the time to consider the terms, conditions
  and usage restrictions that will apply to your
  secured or unsecured credit card. This way, you
  wont have any regrets once you have affixed your
  signature on your credit card agreement.