Getting yourself an easy approved credit card may seem like a great idea but sometimes these easy money credit cards come with a few drawbacks.  Here is what you need to know about the types of easy credit cards that are available to you as well as how to make sure you get approved.

Student Credit Cards

If you are a student then you are a prime target for companies looking to give out credit cards.  Some companies actually “prey” on students.  They know you are in need of easy money and they are more than happy to supply you with a card for your every need.

But while these credit cards are usually have very high approval rates, they usually also carry have a higher APR and annual fees.  If you are a student looking to get yourself a credit card, read the fine print and weigh all of your other options before you sign a contract.

Gas & Department Store Credit Cards

These cards also have higher than normal approval rates and usually have fewer approval requirements.  As long as you can show a source of income and have decent credit, then you can probably get yourself an easy department store credit card or a gas card on the first try.

The disadvantages to this are the restriction of where you can use your card.  For instance, if you apply and are approved for a Home Depot card, then you can only use your card while shopping at Home Depot.  If you do a great deal of shopping there, then this may be a good choice.

Carefully weigh the benefits and drawbacks of a department or gas credit card.  While they may be easy to get, your efforts may be better spent trying to get approved for a card you can use everywhere.

Secured Credit Cards

This is yet another option for those looking to get a credit card easily.  If you have less than stellar credit but have a healthy income, then a secured credit card is a viable option.

A secured credit card simply means that you are willing to make a deposit to the bank against the credit limit of the card.  For example, if you have $500 cash, you can give that to the bank as a secure deposit that the bank can use should you default on your monthly payment.  In exchange, the bank will give you a card with a $500 credit limit.

If you are a responsible card owner and make your payments on a regular basis, the bank may choose to return the deposit once you prove yourself to be reliable.

All of these options are good choices for those looking to get themselves an easy approved credit card.  Just be sure to read all of the conditions before you lock yourself into a contract you can’t get out of.

If you are looking for an easy credit card approval, need to rebuild credit or simply like to shop, here are some of the easiest department store credit cards to apply for.

• WalMart
• Home Depot
• JC Penney
• Target
• Sears
• Lowe’s
• KMart
• Macy’s
• Disney Store
• Kohl’s
• many, many more

As you can see there are plenty of options if you are looking for easy department store credit cards to get.  Most retail stores have a credit card that you can apply for and the great news is they are quite easy to be approved for.

To be approved for easy department store credit cards, you need:

• to be at least 18 years of age
• have a job
• some stores require a utility bill to be presented in your name

If you meet all of these criteria, then you will more than likely be approved.  But there are a few negative things to remember when applying for this type of card however.

Most department store credit cards carry a higher than normal rate of interest.  Some can climb as high as 30%!  This means you will pay quite a bit more for each purchase you make.

Another feature than shouldn’t be ignored is that some department store credit cards do not report to the major credit bureaus.  This means that even if you pay your bills on time each month, it won’t increase your credit score.

However, if you have decent credit and are applying for a department store card, they can offer some great advantages.  Some have cash back features and others have points or rewards that can be used toward extra purchases.

Another great advantage to having a department store card is that you normally become a “member” and are rewarded with special offers and promotions.  You will also be notified in advance of any upcoming sales or special events.

Before you apply for a department store credit card, be sure to read the fine print and be sure you agree with all of the terms and conditions.These cards can be a wonderful way to spend or they could cause you alot of credit trouble.