Can someone with a bad credit history have a credit card?

Those with a bad credit history can have a credit card? 

If you're asking yourself this, you probably already have a bad credit rating, but you really need credit, right?

Well, this doubt is very common, mainly because we have around 62.21 million defaulters in our country, according to data from Serasa.

Certainly, thousands of these people need or are looking for credit that will accept them in this condition.

If you are part of this group, we can help you!

In this article, you'll find the answer to this question and others as well. So, keep reading to learn more.

See our index below:

• What does it mean to have a bad name?
• Those with a bad credit history can have a credit card;
• How to have a credit card with a bad credit history;
• Summary of credit cards;
• Conclusion.

What does it mean to have a bad credit rating?

Having a bad credit rating is a popular way of referring to people who have ended up on the defaulters' registers of credit protection services, for example, Serasa and SPC.

Consumers have their names registered in this registry when they purchase a product or contract a service and do not pay.

However, your name only becomes negative when you delay payment and do not respond to any attempts to contact you by the company to negotiate your debt.

It is understood that you will not fulfill your obligations and end up activating the credit protection service.

So, when your name ends up on the defaulters' list, that is, it becomes dirty, you can't get credit anywhere else.

In other words, you cannot acquire any type of financial service, for example, loans, financing, credit cards, or even credit cards.

Additionally, your credit score drops dramatically, which can further harm you in this regard.

Your credit score is like your financial resume; institutions use it to determine whether you are a good or bad payer.

Now that you know what it means to have a bad credit rating, you're ready to find out if those with a bad credit history can have a credit card?

See the answer in the next topic!

Can someone with a bad credit history have a credit card?

Yes. Those with a bad credit history can get a credit card. However, it's not all sunshine and rainbows; there are some important points to note.

The simplest way to get a credit card even if you have a negative credit rating is to request one. consignment card.

This card option has many advantages, for example, lower interest rates and more time to pay off the bill.

However, this option is exclusive to a group of people, just like the payroll loan.

This group includes:

• INSS retirees and pensioners;
• Public servants.

If you are not part of this group, don't worry, you can still have a credit card, I will explain how in the next topic.

How to get a credit card with a bad credit history?

I would like to point out that it is almost impossible to get credit immediately with a bad credit history. 

The main criterion for passing a credit analysis when requesting any financial service is still having a clean record.

So, you will probably get a no, even those with a clean record get a no too.

However, this may change!

There are some institutions that do not consider credit scores, and if your credit score is bad, they consider your connection with the institution.

What can you do to create a good relationship with a bank?

First, you'll need to open an account with that bank. Typically, these initiatives come from non-traditional banks, which are digital banks.

In the next topic, you'll find some suggestions for digital accounts with great credit cards.

After you open your account, you'll receive a prepaid card that will be your greatest ally in the race to get your dream credit card.

Use it to pay for your purchases as much as possible, make withdrawals and transfer your purchases to credit, if that option is available.

In addition to the prepaid card, also use the account's virtual card and the services it offers, for example:

• Pay your bills;
• Recharge your cell phone;
• Send and receive money.

Another action that can be decisive is salary portability. Port your salary to this account and make your payments and purchases with the money that's there.

This way, the institution will know your financial profile and your behavior as a consumer.

Once she is sure that you are a good customer and a good payer, she will release the credit card to you.

Some institutions do this automatically, for example, Iti and Mercado Pago, in others you need to request a credit card.

If you've already applied for a credit card but it was denied, follow our tips and wait at least 90 days before applying again.

Institutions that provide credit cards to users with bad credit

Now, you already know that those with a bad credit history can have a credit card and how to get it, see below the institutions that give credit to those with bad credit under the conditions mentioned above.

1. Mercado Pago;
2. Inter;
3. Digio;
4. Neon;
5. Iti.

Summary of credit cards

THE Mercado Pago has not yet launched its credit card, but it provides credit to its customers, including those who always use Mercado Livre.

You can use your credit for anything you need, including applying for a loan. Download the app, open your account, and search for Mercado Crédito.

Inter is one of the best digital banks today and also provides credit cards for its users with bad credit.

You can apply for your credit card in the account application, they will ask for proof of income, it is not mandatory, but it is essential for approval.

Therefore, it is important to transfer your salary and use the digital account, which will certainly make the process easier.

Digio is also one of the best digital banks today, but it doesn't have the same recognition as the others.

Among the many advantages it offers, we can highlight: a high initial limit and immediate approval for those with a low score.

The Neon card has a great digital account with investments, spending control, and much more.

Iti usually grants credit even to users who owe money to Itaú bank, but this depends on many factors.

Two disadvantages to highlight are that the initial limit for those with a negative credit history is initially low.

Also, the process for increasing the limit is a bit slow.

Conclusion

Well, as you noticed, those with a bad credit history can get a credit card, however, takes more time.

Of course, the ideal is to try to clear your name before applying for credit at any financial institution.

So, go to the website of Serasa Clean Name and check your CPF, you can negotiate your debt and get a discount of up to 90%.

Once you've done this, pay your bills on time and avoid debt. This will make it easier when applying for a credit card.