Credit Cards For Bad And Adverse Credit

If you are one of hundreds of thousands of UK residents that may have a not so perfect credit history. If you have a current bad or also known as an adverse credit history then there are four main credit card providers that may suit your needs.

These cards have been designed for people with a bad, poor or adverse credit rating. They offer low starting credit limits which can be increased once a proven track record of repayments is established.

The APR's can range from 20 - 40% for these kind of cards due to the nature of the card and the risk to the card lender. Even if you have had a bad credit past including arrears and defaults these lenders are happy to look at your application.

Below are the main UK credit card issuers with these types of cards. Once you have a track record of good payments this shall allow other lenders to see you could be a better risk and so you may be able to obtain further credit.
 

The Capital One Classic The No 1 card for this market 60 Second Decision! Credit limits to £1500 Great offers on purchases Highest acceptance rate Credit limit increase after 4 months if account managed responsibly  Representative Example   34.9% APR representative variable  34.94% p.a.variable on purchase

The New Rise Credit Card Up to £300 credit limit No interest pay 10% of your credit limit Designed for poor credit Previous problems all considered  Representative Example   If you incurred monthly charges over 12 months of £330   and made instalments, your APR would be 303%    representative (variable)

The Vanquis Visa Card Designed for low or poor credit Will accept cleared CCJ's Good card to get you back on the credit ladder  Representative Example   Representaive APR 39.9%

The Aqua Credit Card Credit limits to £1600 Card designed for people who have been declined elsewhere Will not accept if you have ahd a CCJ in the last year  Representative Example   35.9% APR representative variable

The Barclaycard Initial Credit from £250 - £1000 Not reccomended if you have had bad credit in the past but ok if you are new  to credit  Representative Example   Representaive APR 29.9%

The Prepaid Cashplus Card FREE Cashplus Prepaid MasterCard. You can even rebuild your credit with this card. 100% FREE stay in control of your spending.  Representative Example   Representaive APR 0.0%

Rebuild credit credit cards

If you are seeking to rebuild your credit , you need to be made aware that actually getting credit with a credit card designed to do just that could be the perfect answer. If you have had financial problems in the past including CCJ’s, arrears or defaults you should consider a credit card to help you rebuild your credit rating.

Improving your credit rating and rebuilding your credit

Once you have been accepted for a credit card or any other repayment plan for credit only spend what you realistically can afford to repay. This means even though tempting not spending more than you can afford to repay. Mack sure your set monthly payment or minimum payment is an amount you can afford even if an unexpected bill appears. Lenders like regular payment which shall be registered with credit agencies and help rebuild your credit

On of the most easiest ways of doing this is by getting a credit card designed to do this. Basically these types of cards do as they say on the tin. Offer a low manageable credit limit with a fixed monthly minimum repayment. The APR is higher than a standard credit card due to the nature of the product and the risk to the lender. These card are known as cards to rebuild your credit rating.

By repaying the agreed amount this shall start to build a record of your good standing and allow other lenders to see that you are repaying your current agreements and also in some cases be offered a higher credit limit by the current lender. Vanquis credit displayed above can offer up to £3000 and other lenders around the same limit.

What are your options?

Above are the current credit card providers with products designed to help rebuild your credit.

You may also want to consider the cashplus prepaid credit card which has a credit rebuilder option.

 Do You Need Cash Today Up To £1000?

If you need a short term cash loan with no credit check carried out, no paperwork to sign, 100% completed online then compare the leading payday loan lenders under no obligation here.


Do You Need An Unsecured Loan Even If You Have Bad Credit?

If you have a bad credit history but need an unsecured loan to be repaid over longer periods there are lenders that can accept your application based on it merits click here.


Do You Need A Credit Card But Have Been Refused Elsewhere?

If you have been refused for a credit card there are cards designed for those that need to build their credit or have never had a card or even if you have CCJ's, defaults and arrears.

 

Everything Financial offer products and services to help rebuild your credit history. If you have been turned down for a credit card or loan, we have various no credit check products or products designed to help rebuild your credit. We affiliate with leading UK companies within this market that understand your credit history may be less than perfect. Products include no credit check online payday loans, unsecured loans for bad credit, credit cards even with a poor credit history, prepaid credit and debit cards, guaranteed banking accounts and many more.