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Home » How to Get Approved for a Credit Card with Bad Credit (10 Steps) » Page 4

How to Get Approved for a Credit Card with Bad Credit (10 Steps)

Credit Cards By SparoBanksOctober 19, 2025
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Step 8. Consider Store Credit Cards or Retail Accounts

Store cards are often easier to get approved for than regular credit cards because they have lower credit limits and higher interest rates — but they can be great for rebuilding.

Examples

  • Amazon Store Card (Synchrony Bank)
  • Target RedCard
  • Walmart Capital One Card
  • Best Buy Citi Card

Why they help

  • Easier approval criteria.
  • Report to all three credit bureaus.
  • Offer store-specific discounts and perks.

Warning: Pay these cards in full every month. Interest rates can reach 30%+, which can trap you back in debt.

Step 9. Use Your Card Responsibly Once Approved

Getting approved is just the start — how you use your card will determine if your credit score goes up or stays stuck.

Best practices

  • Keep balances low (below 30% of limit).
  • Pay on time every month — even one missed payment can drop your score.
  • Avoid cash advances completely (interest starts immediately).
  • Use your card regularly, but smartly — small purchases like gas, groceries, or streaming subscriptions work best.

Example:

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If you have a £300 limit, stay under £90 each month, pay it off fully, and you’ll see results within 3–6 months.

Tip: Consistent good behavior on a low-limit card can raise your score enough to qualify for better cards with higher limits and lower fees.

Step 10. Upgrade When Your Score Improves

After 6–12 months of responsible use, you can often upgrade your secured or subprime card to an unsecured one.

How to do it

  • Ask your bank for a review or upgrade.
  • If you have a secured card, your deposit will likely be refunded.
  • Continue making on-time payments — it proves your creditworthiness.

Recommended next steps

  • Move up to cards like Capital One QuicksilverOne or Discover it Cash Back.
  • Avoid closing your old account — it helps your credit age and utilization ratio.

Pro Tip: Keep your first credit card open for as long as possible. The longer your credit history, the higher your score potential.

Frequently Asked Questions (FAQs)

Can I get a credit card with bad credit and no job?

It’s difficult but possible if you have other sources of income (like benefits, allowances, or partner income). Some secured cards and credit-builder products don’t require employment verification.

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How long does it take to rebuild credit with a secured card?

Most users see improvement within 3–6 months of consistent on-time payments and low utilization.

Will applying for multiple cards hurt my credit?

Yes. Each hard inquiry slightly lowers your score. Apply only for cards you’re likely to be approved for, and space out applications.

Should I close old accounts with negative history?

No. Closing old accounts can shorten your credit history and hurt your score. Instead, rebuild with positive new accounts and let old negatives age off.

Can I rebuild credit without a credit card?

Yes, through credit-builder loans, rent-reporting services, or becoming an authorized user. However, credit cards tend to rebuild scores faster when managed well.



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Black Market Exchange Rate Table

The table shows the black market exchange rates for various currencies against the Nigerian Naira (NGN). The buying rate is the amount you would get when selling the foreign currency, while the selling rate is the cost to buy the foreign currency.
Black Market Exchange RatesBuyingSelling
Dollar (USD) to Naira₦1610₦1615
Pound (GBP) to Naira₦2050₦2080
Euro (EUR) to Naira₦1740₦1770
Canadian Dollar (CAD) to Naira₦1100₦1200
Australian Dollar (AUD) to Naira₦2250₦2300
Rand (ZAR) to Naira₦85₦110
Dirham (AED) to Naira₦350₦400
Yuan (RMB) to Naira₦185₦210
Cedis (GHS) to Naira₦80₦100
CFA F. (XOF) to Naira₦2350₦2450
CFA F. (XAF) to Naira₦2250₦2300
 
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