Credit cards for bad credit people are still available.
Just read what the top banks are offering:
Citi, BoA and many others make Visa and Mastercards application a breeze. Or, so it seeems...
Although you're welcome to apply for Platinum and Gold Visa or Mastercard, there's no guarantee that you'll be approved.
As the interest and terms of use vary widely, so do the conditions of approval.
With the highest interest being around 19% you may succeed when your credit score is about 640.
But, if you want the low interest credit card that charges about 9% you must have a much better credit history, and a score of 700 or more.
Therefore, people with bad credit status may get the credit card, but their credit record will decide on how much it's going to cost them.
