Both secured credit cards for bad credit and regular credit cards as well are meant to simplify your life. If you have chosen a secured credit card or maybe you are thinking about going for a regular credit card for poor credit that comes with a guaranteed approval, you should be able to notice soon enough how they impact your life and financial decisions. There are several credit cards for no credit that come with some feature or advantage such as frequent reward points on your initial purchase, cash back or may be a higher credit limit than you already have subscribed to but most of them will have several features in common. One of them is simplicity of use.

Can You Use A Prepaid Credit Card For Lyft?

Yes, using prepaid credit cards or any other financial instrument for poor credit for the leading ride sharing apps is very easy. With just a few clicks and taps you will be able to select the default payment method and save your preferred credit card into the app without much of a hassle.

Your default payment methods can be set for all kinds of rides including business and personal ones. You can go to the “payment tab” of the application and under the “payment defaults” section you can change the payment method according to your convenience. You will find the menu on the top left corner of the app which will give you access to your payment method where you can add or update all the payment information.

Changing Your Payment Method While Requesting A Ride On Lyft With Your Credit Card

Many people also ask this question and some credit card users don't even use this app just due to the fear that the payment method will be rejected. Adding and changing a payment method on this app with your credit card is very easy. It can be done even while you are requesting a ride. The payment method shows on your request screen and after confirming your pick up and drop off locations you can change the payment method under the “ride type” and “fare estimate”. In case the charge for any of your rides fails, you can manually enter your payment information the next time you open the app. If your credit card is about to expire you will get a notification / prompt message from the application itself. You will then have to update your information to ride smoothly with any of the leading ride sharing apps in the market.

What Are The Accepted Payment Methods On Your Credit Card?

Lyft works with all the major credit cards such as Visa, Discover, MasterCard, American Express and even debit cards and all kinds of prepaid cards. Passengers also use several other payment platforms such as PayPal for iOS and Android users and Apple Pay for specifically iOS users. Also Google Pay and several other digital wallets have become quite popular for the purpose of paying for ride sharing apps.

Making Payments With Your Credit Card For Poor Credit

The constant talking about making payments with your credit card reminds us about the several payments that we make on a regular basis for our various purchases.

Do you know that your payment history accounts for 35% of your FICO score? The biggest factor that is going to play out here is how you pay your bills and whether they are paid on time or not. Remember, most of the delinquencies in your name such as late payments are going to remain on your credit reports for 7 years!

Your credit scores are going to help lenders, banks and financial institutions understand and determine how likely you are to pay your loans and bills on time. This also means that your payment behavior and the way you have treated your loans and payments in the past will be examined by all these lenders.

If you have any late payments in your name or probably any accounts that are going to collections and if there is any record of bankruptcy, the lender will know that you are a risky applicant.

If any of your accounts becomes extremely late, it is probably going to be sold to a collection agency. If this happens to you, it is going to reflect on your credit reports as well. This is going to have a negative effect on it and it is going to render all your efforts worthless. Therefore, if you are seriously considering applying for a credit card with $1,000 limit for example or something with no deposit or security, you should be willing to make significant purchase and lifestyle changes. It is time to treat your payments seriously and diligently. Make use of your credit card wisely so that you do not end up in any kind of financial trouble.