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A problem with cash flow happens to all of us at some time. This can result in late or missed payments and cause the short term problem to show up in our credit file. You may still be able to get a credit card even with a less than perfect credit rating.

Creditors look at more than just your three digit score when making a decision about a new account. Don't be surprised, though, if you are offered different terms or fewer options than you expected.

When you fill out an application for any type of credit, your credit report will be pull by that lender. This is important for you to know. If you apply for several credit cards in a short period of time it is a red flag to the rating agencies.

You know you are simply looking for the best card you can get but it may be seen as someone in financial distress applying for any and all sources of funds he can get. This alone can harm your credit rating. Make sure to do your research before you apply for any credit line and then apply to a very limited number of lenders.

The credit card lenders look at the credit score and your overall credit history.  They look at late payments and how much time has passed since a payment was late. They look at how much open credit is available to you and how much debt you have.  Car insurance companies will evaluate your credit history in much the same way.  If you have a poor credit score you will find that your auto insurance rate is higher than it needs to be.

If you have been employed at the same job for a long period of time, that is to your benefit.  If your debt to income ratio is good, it's another point in your favor for approval.

Debt to income is a common lending ratio that compares the total amount you owe and your monthly payment obligations to the amount of income you have each month. There are times when a secure job history and good debt to income ratio will be the deciding factors in approving your application as these may override a late payment or two in the past.

If you are paying extra money over and above regular payments to your creditors monthly you will be paying off your debt faster. The budgeting you do toward this goal leaves you with less extra money each month.

A credit card can save your good credit if it's available when you have an accident or illness, when you need to repair your car right away or travel on short notice due to a death in the family. By putting the unexpected expense on the card you don't find yourself skipping payments or sending late payments on monthly bills. Of course, this will only work if you reserve your new account for emergencies

Some online shopping sites or membership sites require that you have a credit card entered in your financial information on the site, even if you make your payments directly from your bank account.

Landlords may require a credit card number on file in case you are late on rent or leave without notice. If your credit rating is so low that you can't quality for a credit card you might consider using a secured card or even a purchased debit card that carries a major credit logo.

With a secured card you make a cash deposit and any purchases made using the card are taken from that amount. It's like a debit card but earns interest and some lenders report to credit agencies on secured accounts just as they do for regular credit card customers.

If you have problems with your credit rating or want to make purchases online without risking identify theft, the secure credit cards may be just what you need

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