If you're looking for a new card but have poor credit, the Total Visa Unsecured Credit card may be a good option. The card has some fees and offers an abnormally high interest rate (APR) but, if you can show you are working to repair your credit rating, the credit card is definitely a better deal than other options. In this article I'll outline what it takes to qualify for this card.
First of all, you need to establish your credit score and credit history before applying. If you've never had any card debt or bad credit history, you should make sure that your credit score is in good shape by obtaining your FICO score from Experian. You will find the FICO score on the website.
If your credit history and score are in good order, you should apply for a card. You may need to pay a higher interest rate, but at least you can start rebuilding your credit. If, however, you haven't had any credit history or have a poor credit score, you should seriously consider applying for a secured credit card.
Some secured credit cards include a low balance transfer fee, but most charge an annual fee, which can quickly exceed the cost of the card. Many companies that offer credit cards with these fees also charge an annual maintenance fee, which can be nearly as much as the credit card itself. You'll also likely need to provide some personal information such as your social security number, employment history, address, and credit history to receive your card.
After you've applied for your credit card, you can begin the process of building your credit history by making your payments on time. Most secured credit cards will send you a notice every time you miss a payment. This helps establish your identity and can help build a positive credit score as well.
When applying for the Total Visa Unsecured card, it is important to understand what you can and cannot do with the card. You can only make purchases on this card and use it for cash purchases. However, there are some services you can use the card for such as paying bills, travel, online bill payments, and to pay bills. If you choose to use the card for any of these things, make sure you read and understand all of the terms and conditions to avoid any surprises when you use your card.