Visa is one of the biggest, best known credit card companies in the world. They have a great selection of cards and you know that you can trust Visa. Whenever you do business with anyone in the financial sector it is important to work with someone that you feel comfortable with, Visa is the type of company that you want to work with.
Advantages in owning a Visa credit card include: Emergency card replacement, lost/stolen card reporting and zero fraud liability. Visa has great people working for them on the support side of things. Not only will you actually be able to talk to a human being when you have a problem, they will know what they are doing and speak your language. When you use a credit card you will incur problems over several months and years, it is bound to happen no matter which card you choose. You want to pick a company that will answer your questions and complaints truthfully, Visa is that company.
Visa, like many other credit card companies has tightened up their lending practices. It takes a higher credit score to qualify for certain cards now compared to 3-5 years ago before the “great recession” caused by poor lending in part. While it is tougher to get a Visa credit card if you have bad credit, it is still possible. Here are three Visa credit cards that you should consider applying for if you have bad credit:
1. Journey Student Rewards Card: If your credit is poor because you are a student this is the best card Visa has to offer. There is no annual fee whatsoever and the APR is 19.8% which is actually better than most student credit cards. If you have bad credit and you are not a student you will have to look elsewhere for a credit card.
2. MTV Visa Card from Capital One: This is a great credit card. Visa says you need to have “average” credit to get this card, but this is one of the easiest credit cards to get that Visa offers. The introductory APR is 0% for one full year! Also there is no annual fee charged for this card which is huge. There are no limits on the points you can earn and your reward points will never expire!
3. Upside Visa Prepaid Card: This is one of the best prepaid cards Visa has to offer and you do not have to worry about having bad credit if you go for this card. The monthly fee for this card is just 3 dollars. This is the equivalent of having a debit card for a bank account!
One of the best ways to improve your chances of qualifying for a credit card if you have bad credit is by getting someone to co-sign your application for you. Co-signing is essentially saying that if the card holder is not able to pay back their balance (i.e. they default on their credit card) the person who co-signed will be liable for the balance. Obviously the person co-signing your application is in a no win situation here so you should not seek out a co-signer unless you know them well and you can trust each other. It will be worth it for you in the end to get someone to cosign for you because you will be able to qualify for a much better credit card. A better credit card means a lower APR, higher credit line and less fees along with many other perks.