i need to know of a credit card company that gives high credit limits to people with bad credit?
i need an unsecured credit card with a high limit for someone with bad credit.
- SPIFIMAN1Lv 71 decade agoFavorite Answer
Due to the credit crunch there are none anymore.
Credit card companies are decreasing credit limits and canceling cards on people that have good credit and have never missed a payment.
People with bad credit will be very lucky to even be approved much less for a high limit.Source(s): Finance Manager for over 9-years / I watch the news.
- andyLv 71 decade ago
Sorry to break the news to you, but no credit card company that is above the table will even think about giving someone with bad credit a high limit credit card. You have to earn that right by paying your debts on time and doing other things that show you know how to handle credit.
- creskinLv 41 decade ago
Credit cards for persons with bad credit have a minimum APR of 19%.
That alone is enough for people to not want to use them.
Wait 3 months. When banks start making money again, they will loosen their restrictions and therefore lower their approval standards and their interest rate.
You will only get a $1000 credit line.
You should then expect to get a credit line increase of an additional $1000 ever year, provided you dont have any new late payments on your credit record.
- bdancer222Lv 71 decade ago
Credit card companies are tightening requirements. They are more likely to lower limits and increase rates for existing high risk accounts. People with bad credit are likely to be turned down for new accounts.
- How do you think about the answers? You can sign in to vote the answer.
- TheAlmightyCynicLv 41 decade ago
Did it ever occur to you that this is exactly why you have bad credit in the first place?
Good grief, it's exactly this scenario, people borrowing money they have no way of paying off, that led to the crisis we're in now. Thankfully, that whole fiasco is still new enough that banks are being more careful about who they'll lend to. Here's to hoping they stick to their guns and keep denying cards to people who can't use them responsibly.
- 1 decade ago
If you have bad credit, there are several choices. Besides credit cards, you may want to consider getting a bad credit signature loan,or a peer-to-peer loan.Source(s): http://fastsignatureloan.com/signature-loans-for-b... http://fastsignatureloan.com/peer-to-peer-lending/
- TimLv 71 decade ago
You live in fantasyland?
If you have bad credit, you'll be lucky to just get a credit card at all.
- Ryan MLv 71 decade ago
You sound like a ticking credit time bomb ready to go off. Thanks to the tightening of credit, there are not many, if any, banks that will give you the money you need.
- rennickelizabeLv 71 decade ago
don't get one it isn't worth it if you really must have one try capitol one or vanquis
- Christin KLv 71 decade ago
There isn't one. Thank goodness.