Having bad credit does not limit you from getting a credit card now that there is fast and easy instant approval credit cards for bad credit. This type of credit card is provided by some credit card companies in an effort to help people with bad credit improve their credit rating. Aside from this obvious advantage, here are some of the unseen benefits of using a guaranteed approval credit card bad credit:
1. No credit checks necessary
There are no credit checks, no employment checks and there are no required credit reports needed in securing a guaranteed approval unsecured credit card. This means that even if you have a tarnished credit record, unpaid credit bills or undisclosed credits you will never be turned down.
2. You get approved in minutes.
Once you have filled out an application form you can immediately receive your card and if you applied online, your credit card will be sent to you shortly. Once you receive your card you can immediately use it to make online or offline purchases.
3. Shop anywhere
You can now shop in over millions of shops, eat in any restaurant that accept your credit card or pay for any purchase once you have validated your card. You do not have to worry; there is no difference between the appearance of this kind of card with a regular card. It has the familiar credit card names and symbols plus the customer service number of the credit card company at the back.
4. Get legal assistance
Some credit card companies offer comprehensive legal assistance plans for members so that they may be able to revive their credit standing in no time.
5. You can enjoy no purchase transaction fees and overdraft fees.
Most cards will also offer free direct deposits, mobile account access and cash withdrawal through ATMs or through a bank teller.
6. Repair your credit
You can be sure that you will be able to revive your credit status once you have paid for your bills on time. All credit card companies that offer guaranteed approval credit card bad credit report to main credit bureaus Experian, Equifax and TransUnion. You will be able to help revive your ailing credit reputation in no time at all. You can also count on free credit score tracking features to easily learn your credit standing as you make your payments.
But of course, non-payment could cost you. You will be subjected to high late payment fees and will also affect your current credit score.