Digital News Report – It has become more difficult for many people to acquire a credit card. Credit scores have plummeted and credit has become tighter.
While non-revolving credit has increased from August to September, the amount of revolving credit has decreased over 12%. The average credit card interest rate was 14.22%.
Credit cards have become a necessity in today’s society. There are still some cards an applicant can get despite a poor or bad credit score. Even customers without a credit history can apply for a Centennial® Gold Credit Card.
The Centennial Bank says that an applicant can get a response in “seconds”.
The fees and interest rate are high for the card. There is a 59.9% interest rate on purchases. If customers want to avoid the interest charge, the card must be paid off before the close of the first billing cycle.
There is a $75 annual fee and a $75 processing fee for the card. There may also be a $35 late payment fee and a $35 returned item fee.
By Tina Brown