Most credit cards that you get will be offered to you based largely on your credit score. Your credit card application will not be approved by banks or credit card companies if you have a bad credit history. The good news is that people with bad credit can still apply for a credit card from some companies.
Credit card companies will see you as having a high risk for borrowing money if you have a low credit score. Some companies will let you get an unsecured credit card but they will give you a very high interest rate because the likelihood that you will not be able to meet some payments is very high. You credit card limit will also be lower. The perks that people with good credit standing enjoy will not be given to you. This includes cash back or air miles.
It is possible for people with bad credit standing to get a secured credit card. There should be some kind of security against the amount that you are going to borrow. The credit card limit is based on the amount you have in your personal savings or checking account. If you saving account has a few hundred dollars in it, then your credit will be slightly lower than this amount. Not all lenders have the same policies so you need to check their terms and conditions on this.
Some providers allow you to increase your credit limit if the amount in your savings deposit also increases. There are some credit card issuers who will give you an increase in your credit limit even without increasing your bank deposit but only if you are making regular payments. It is according to the discretion of the lender to increase the credit limit.
One last option if you have a bad credit history is to apply for a joint account, often with a family member with a good credit rating. When it comes to interest rates, this will have the same rate as a normal card. But you must be certain that you can make payments each month. Make sure that if you fail, the co-signatory can make the payments for you. If he also fails to make payments then both credit scores will be affected.
It pay to shops around for the best card for bad credit. usually secured credit cards requires application fees and annual fees to be paid. Some fees are small but you should be aware that some less reputable card issuers take advantage of people who have trouble obtaining credit and charge overpriced costs.
So, if you have a bad credit history, you still have a chance to improve on your credit score by making good on the credit card you obtain even with bad credit.