In this article, we'll give you some tips and tell you more about credit cards for people with negative credit history.
Can I get a credit card even if I have a negative credit history?
Yes, you can, and with many benefits!
Not having a credit card can be bad for some people because they are left with no option but to pay by bank slip or debit card.
This new credit card option for those with a negative credit history is set to completely change the landscape.
Many companies are adopting this new model, offering credit cards without analyzing credit scores.
This is great news so that those who are in debt can have a good credit card with many benefits.
In this article, we'll give you some tips on how to get your credit card.
How do companies perform credit analysis?
Most people almost certainly don't know how companies perform credit analysis.
To do this analysis, companies consult credit protection agencies, such as Serasa or SPC.
There you will find your information, such as debts and credit score.
If you have few points and a lot of debt, you will very likely not be able to get a credit card, as this means you are not a good payer.
However, companies that offer credit cards to people with negative credit histories don't do this analysis, so this is very good news.
Some companies perform this analysis, but only to determine the credit limit on your card, for that reason alone.
But who can apply for this type of credit card?
Anyone who is at least 18 years old can apply for a credit card even if they have a negative credit history.
The requirements they ask for are: being at least 18 years old and having a fixed income; in other cases, the client needs to be a beneficiary of the INSS (Brazilian Social Security Institute) or be a public servant.
Which credit cards can I have if I have a negative credit history?
The types of credit cards that people with a negative credit history can have are:
- Regular credit card
- Prepaid credit card
- Payroll-deducted credit card
Tips on how to get a credit card even if you have a negative credit history
First, we recommend that you choose more affordable options that are much easier to obtain, such as a prepaid or secured credit card.
These options won't involve a credit check; for example, you'll be able to get a prepaid card without any problem, you just have to want it.
However, the lender will make some demands, which are:
- Being a civil servant
- To be a soldier.
- Retired or pensioner of the INSS (Brazilian National Social Security Institute)
- Working with a formal employment contract