Consider a secured credit card secured credit cards require a cash deposit which typically doubles as your credit line. How to get a credit card with bad credit.
Although secured cards for bad credit are fairly easy to get you can also get an unsecured card despite a bad score.
How to get a sears card with bad credit. In august 2010 citibank was issuing and managing the sears credit card. You can settle your credit card debt with sears through a process called debt settlement. Department store cards seem to be some of the easiest store cards to get with bad credit.
They have very high rates and don t offer many extra benefits. Place your security deposit. Ask an associate at a sears or kmart store to provide you with a paper application to have it processed in the store electronically or via phone with same day approval.
Applying online is best because you get a decision soonest. This means the card can only be used at sears and sears affiliated locations including kmart sears hardware and other sears branded locations. Compare secured credit card offers.
Shopping around will help you find the card with the lowest fees lowest deposit requirement and highest approval odds. We gave both of these cards 3 out of 5 stars because they re not a bad option for big spenders at sears. The kohl s charge card doesn t provide purchase rewards but it does provide exclusive cardholder offers and discounts each month that can be used in store or online.
For questions call sears credit card services at 1. If you can come up with the cash for the deposit often 200 or more this. Fill out an application.
The regular sears credit card is a private label retail card. These cards all share certain characteristics. Users also receive a special gift on their cardholder.
To settle a debt with sears you will negotiate with the bank issuing the credit card. The lower your credit score the harder it will be to get approved for a credit card but it s not completely hopeless. They offer low credit limits as low as 200.
The approval process also takes place online so you can get an answer the same day. Debt settlement allows you to settle your balance for less than the full amount owed. People with bad credit usually a credit score below 580 have the fewest options for credit that s because few credit card issuers want to take the risk of extending a credit limit they may not get paid for.
But if you tend to spend a lot at sears these cards could end up saving you quite a bit or just give you more time to pay off purchases. The benefit of this kind of card is that you generally don t need as high of a fico score to obtain one as a card that is more widely accepted. You can complete the entire application via citibank on a secure server.
Some credit cards including those reviewed here are especially suited for consumers with bad to fair credit. 3 out of 5 stars.