This is also typically not enough of a financial foundation to apply for other types of cards.These limits are also commonly a lot lower, which makes sense for borrowers who are just starting out.However, she needed to take out another credit card to help make payments as well as a method of re-establishing a credit history.

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Secured/Guaranteed Credit Cards Although at this time, Secured cards are unavailable in this part of the world, there are cards that are similar to the secured card. Both of these cards offer an easier approval rate, which typically does not require a credit check.

These cards however do require proof of sufficient property equity and assets or in the case of the secured cards, a deposit that is equal to the sum of money you are ‘borrowing’ or higher.

The provider can use this amount as collateral in case the borrower defaults on the payments.

In Canada, for example there are a variety of Secured Credit Card options.

While marketed towards first time credit card users, this card could also be suitable for those with bad credit who have experienced bankruptcy or other financial hardships that have left them without any credit history.

The Secured Credit Card offer also provided by the CIBC, also serves borrowers who are looking to either build or re-establish their credit.Again, after proving that you can maintain payments over time, then eventually you can apply for a card with a higher limit.The Australian and New Zealand Banking Group (ANZ), offering some credit cards that are also designed with first time consumers in mind. While not all of these may be suitable for individuals who have bad credit, there are cards that will be better options for first time credit card users.Being able to stay on top of these payments can help you rebuild your credit and get your finances back on track.Ultimately, cards can be highly beneficial to individuals trying to recover their credit scores, and after a year or so of making consistent payments and responsible credit card management, credit card users will find more options open up to them and they can apply for unsecured credit.This means that you are not able to demonstrate that you meet the repayment criteria.