Those interested in a subprime credit card may apply online for pre-approval of a number of different cards. Lenders use short "soft" credit queries of the applicant's credit history to see if the applicant meets most of the requirements for approval, notes Magnify Money. Once pre-approved, the lender may ask the applicant to fill out a more in-depth application.
Subprime credit cards have higher interest rates, monthly fees or may be secured with an initial payment to the lender, states Credit Karma. They are offered primarily to those with poor credit. Customers can still get on pre-approval lists for these cards with an online application.
- Go to Credit Karma
- Review the selections
- Fill out the application
Go to CreditKarma.com. Click on the "Credit Cards" tab in the menu header at the top of the page. Click on the "Poor Credit" tab in the "Featured Cards by Credit" list.
Scroll through the list of cards and click on the name of each card to learn more about its benefits. Click on the "Apply Now" button to go to the card website to fill out the initial application.
Provide the required information in the pre-approval application. This can include name, address, phone number, Social Security number and an estimate of income. The website may return an initial approval within seconds. More likely, it will state that the company needs more time to do an in-depth approval process. Even if the applicant doesn't get approved for that card, he will be placed on a list of those interested in credit for future pre-approval offers.