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People with bad credit often experience problems getting their credit card applications approved. Banks are wary of extending more credit to individuals who pose risks to their business. Alternative lenders oversee a bad credit credit card industry that is popular. 

Typically, lenders look at two main areas, the credit score and the credit history. An unattractive credit history can certainly hinder you from getting good terms for your credit card. 

Some factors can prove to be problematic in your credit card application. The most serious of these include: 

• When you declare bankruptcy, it can stay on your record for up to ten years. Credit card companies consider this because bankruptcy is one of the most serious financial problems that a person goes through. • If you are a chronic late payer, it will leave the credit card company with a negative impression of you. One or two late payments won't do much damage, but habitually late payments will. You may need to apply for bad credit credit card if you are chronically late. • Multiple credit application is an issue for some lenders, regardless of whether or not your application was impressive. Too many lines of credit are a red flag to many lenders. • A bad credit credit card may be your only alternative. Be aware that you pay higher rates because of this. 

It is much better to get a traditional credit card. This is because you will not only be able to take advantage of lower interest rates. You can also enjoy longer repayment terms. 

You should do your best to get the best credit rating possible because it can affect your life for the long term. A great way to start is to obtain a bad credit account and make regular payments. Your credit improves as you pay. 

If a person doesn't have anything in his history yet, as in the case for student credit card, he might also have to apply for student credit card from non-traditional lenders. This is not necessarily a bad thing because he will be able to have a line of credit when the need arises but the student also needs to be aware that it can be the source of his problems if he doesn't use it correctly.