10:23 14 April 2013
There is a lot of confusion surrounding the idea of a guaranteed credit card. There are actually many stipulations in some cases that need to be followed in order to obtain a credit card.
Here are a few of the ways that companies are able to offer what seems to be a guaranteed credit card offer.
The bottom line is that if we’re talking about a true credit card company where they loan you money, and you repay, there really isn’t a guarantee.
They will check your credit unless there is a programme which limits the amount of money you could end up owing them, such as the secured card or the lowered credit limit. Make sure you read all the details for any offers that come through claiming they can give you a guaranteed credit card.
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