When it comes to any financial activities, it is necessary to have a good credit score. When you have a credit score of less than 580, it is hard to buy the credit card. This is because the bank considers the risk for you to pay the amount for the expenses you made in the entire month. However, you need not get hopeless and stand without any options. Today, it is possible to have a credit card even if you have a poor credit score. Continue reading to get an idea of the possible ways to have the credit card even with a poor credit score.
What is a credit score?
All the financial activities that are related to the bank will be calculated as the CIBIL score. Credit Information Report (CIR) will summarize the entire payment history of any individual. When you need to maintain a high credit score, you should not skip any loan dues. You should also have a healthy bank account. The credit score will be calculated out of 1000. When you have more than 700, you will be in the green portion where you can be eligible for the credit card easily. When it goes below 700, you will be considered to be under risk. When it goes less than 300 it is considered to be dangerous or the red portion.
How to get the card without a good credit score?
Due to many reasons, you might have lost your credit score. However, when you need to have the credit it is possible when you follow these ideas.
Look for the credit card generator
There is an option for the fake credit card generator. It is the software that works with the set of rules to get the credit card. This will allow you to find some random credit card numbers that are used to access the credit card like the genuine card. This will be highly useful when you need to use the card without sharing the real account number and several other financial details to the others.
These card generators will help in assigning the CC numbers for credit cards. This card number generator will work for all the banks and all the types of cards. For instance, the visa card with being given with the number “4”, MasterCard with the number “5”, Discover Card with the number “6”, American card with number “34” and “37” and JCB cards for the number “35”.
All these cards will generate an accurate purpose as you will have with the real credit cards. This becomes one of the significant options for the people who are looking for a credit card with a poor credit score. Further, it also plays a vital role in certain testing purposes. This will help you with the fake details in all the areas like name, address, phone number, and several other security details like the CVV numbers and CVV2.
Significant features of the credit card generator
- It works on the Luhn algorithm
- It assures 100% valid credit card number that matches the basic rules for the credit card numbers
- With just one click, it is possible to have even up to 999 values
- Credit card generators are available with Major Industry Identifiers (MII) and the card number validator
- It creates the random expiry dates, name and address
- It also generates arbitrary credit card limit, security code
- All the cards are designed for different data testing and verification processes
- Opt for the add on credit card
When you are choosing the add-on or supplementary credit card is the other best option that you might look for. This is possible when there are some primary credit cardholders in the family. This card carries the benefits the same as the benefits that are enjoyed by the primary credit cardholder. The areas that have to be concentrated are the credit limit. Now, the limit of the credit card will be shared with the primary cardholder.
Look for the prepaid credit card
This is the other best option to have the credit card when you are suffering from a low credit score. This is offered to all the banks. This is the option where you need to pay some money when you are buying the credit card. This money will act with the security money for the cost you spend from the card.
The credit card associated with the savings account
This is one of the best options offered by most of the banks to avail the credit cards for the people who are suffering from low credit scores. In this method, the user should have the bank savings account and they must have deposited some amount in the account. Now, this amount will serve as the security amount for the credit card. So, the bank will not restrict their customers from using the credit card.
Look for the secured credit card
In this process, the applicant needs to open a fixed deposit account in the bank that they are looking for a credit card. Now, the bank will issue the credit card with 50 to 100 percent of the credit limit based on the fixed deposit account.
Following one of the methods mentioned above will help the applicant to avail of the benefits of the credit card even when they have a poor credit score. On the other hand, the credit score will start increasing at least from the new credit card. This will further help you with all the other activities associated with credit cards like loans, an increase in the credit limit, etc.
The bottom line
All the above options will be suitable when you need to have a credit card without a good credit score. However, the credit card generator is the best option when it comes to hassle-free and suitable options. This offers multipurpose like enhancing the credit score, testing purposes, etc. Today, the world has become digitized and the need for plastic money is increasing. It is necessary to maintain good credit and you should choose the right option even when you cannot have a high credit score.