How to avoid the problem of signing up for bad credit cards?

Answered on September 18, 2010
Updated on September 18, 2010
The content is accurate at the time of publication and is subject to change.
James Williams James Williams
With choices, the odds of making mistakes increase considerably. You might think that you are getting something good but might soon discover that this is not really the case. Hence, come to think of it, there are a number of things that you would want to seriously consider before changing the way you do things. The same holds good for credit cards. You might want to know how it is possible to avoid going in for bad credit cards. There are a couple of things that you can do notice when you are signing up for any kind of credit card. The first way in which you avoid a lot of problems would be to read the fine lines. If you could just make this a habit, you might actually end up avoiding a lot of issues that life might throw at you. Hence, it is important to know how you might be able to take care of this and what you should do in order to not simply end up in a lot of trouble. The information contained in the fine lines is essentially the things that you ought to know. Hence, reading them should not be considered a waste of time and instead should be something you should do mandatorily. The next thing that you should is to research the acceptance rate of the credit card that you are interested in. Remember that specific credit cards are not accepted in certain locations. Hence, if you sign up for the card thinking that you can use it in any place that accepts credit cards, you might end up disappointed. Consequently, you might want to know about these things beforehand, just to be on the safer side. In many instances, it has been observed that applicants that were previously unaware of this changed their decision and went with another credit card. Finally, the last measure that you can consider when it comes to avoiding bad credit cards would be to only side with registered financial institutions. In this way, you can avoid a lot of scams and not reveal your confidential information without knowledge. Remember that there are a lot of scrupulous individuals out there, waiting to take advantage of such information. Hence, you would ideally want to avoid this and not end up in a lot of mess trying to get a good credit card. Follow all these instructions and you should be able to get the best credit card for your profile.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

User Comments about This Question


A Group One Platinum Card is not strictly speaking a credit card. It is a shopping card that you can use exclusively at the Horizon Outlet ( The Horizon Outlet is an online store that offers a range of merchandise: men's, women's and children's apparel; home goods; entertainment and electronics; and financial services. You should apply for a card if you are sure that you will buy at this online store often.
The Group One Platinum Card is a shopping card that you can use exclusively at the Horizon Outlet ( It is an online store that sells clothing, toys, small appliances and other small-ticket items. The bank may report to at least one credit bureau and therefore help you build your credit score, but for that you need to pay some costs. All of the fees you mas see in the card's terms and conditions, however be aware of the following: One time Card Issuance and Account Validation fee: $0.00; Monthly Membership Fee: $14.77 - this is paid monthly for the full benefits plan; Late...
No, it can't be used for cash advances. The Group One Platinum Card can only be used to make purchases through the Horizon Outlet website or catalog. This is a shopping credit account, not a credit card. Cash advance features are only available to the credit card owners. Credit cards are not the best source of cash, however, as there are high fees and APRs on cash advances. Debit cards are the best for cash advances.

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