Damaged Credit Credit Card Applicants Have Hope!

Written by Steve on September 6th, 2008

It’s amazing how difficult it is to qualify for any sort of loan or credit card if you have bad or damaged credit. And it’s difficult to rectify past credit wrongs without reestablishing new credit trade lines such as credit cards or loans. It can seem like a no win situation for many individuals in this state. However, just establishing one new trade line can help to rapidly boost your credit score and rating. And there are several new credit cards out there that are designed for people with damaged credit.

One of the best is the First Premier Bank Gold Card. It’s relatively easy to qualify for to begin with. Most importantly it reports monthly to the major credit bureaus so you can be sure that as long as you make your minimum monthly payment each month, your credit is improving. The annual APR is equivalent to this sort of “introductory” level credit card at about 16% APR, however with time you will be able to qualify for a lower rate with another credit card as long as your are consistent with your payments. You really have nothing to lose in trying to get this card because it only takes 60 seconds to know if you qualify. Remember, this card is designed for applicants with damaged credit so just because you might possibly have been turned down by other credit card companies doesn’t mean you will be shut down by First Premier. That phone call could be your first step towards repairing your credit and qualifying for the credit card you want and deserve!