Credit card with bad credit or low score on Serasa, is it possible?
Having access to credit is essential these days. Being able to shop, top up your cell phone, fill up your tank and much more, without having to worry about paying at the same time. Having the ease of using it and paying only the following month – in several installments, even without interest – is quite attractive.
Popular belief says that those who do not have a bad credit history can take advantage of this facility when making a purchase. This is because many end up losing their cards due to debts. Is it possible to have a credit card with a bad credit history?
Before continuing, it is worth mentioning that if you have restrictions due to financial problems, it is best to resolve them so as not to lead to greater debts. It is certainly possible to obtain a credit card even if you have restrictions on your name.
There are financial institutions that allow people to purchase a card, as they do not require a check with the SPC or Serasa. In addition, they do not require proof of residence. You also have the option of purchasing a prepaid credit card, which operates in a similar way to a debit card. In addition, prepaid cards do not have an annual fee.
Why can't I get approval for any credit card?
It is worth remembering that when analyzing and granting credit, each institution has its own criteria and it is individual. If you have a bad credit history, fill out incorrect information, have a history of debts, present an income value that is not compatible with your request or have a score (Serasa score) that is too low according to the financial institution's criteria, the credit may not be granted. Therefore, it is important to do a self-analysis and choose a card that is compatible with your profile.
- Open an account in a digital bank, they usually facilitate credit card approval and increase the limit as usage increases;
- Prepaid credit cards: in this case there is no credit analysis but you need to top up. Ideal for those who have cash but would like to pay for the purchase in installments and not pay all at once;
- Payroll credit card – in these cases, the bank deducts the amount of the invoice directly from the salary. The annual fee for the card is charged in the same way;
- Choosing to open a salary account with a financial institution and then applying for a credit card in that category can simplify the process of analyzing and approving your application. Therefore, it is very important to pay attention to all the information.
- Another option is store cards, whether from clothing stores or supermarkets. Stores usually conduct a credit check, but this does not prevent them from approving the customer's card application.
As we have seen, it is possible to get a credit card even if your name is bad, but as we said before, the ideal is to try to understand the reason why your name is like that and look for a solution.
