Best credit cards for bad credit scores
Bad credit can cause a lot of denials to benefits as basic as getting access to loan offers, renting a home, getting employment and others. It can also affect how much we pay for car insurance. We will list out the best credit cards for bad credits.
Merit: Rewards and upgrading
Points: cash secure deposit, rewards, upgrading, unsecured card.
Unlike other secured credit cards, Discover it offers more than just credit but has beneficial features that make it stand out in it’s category.
When trying to rebuild your credit, the issuer has a process in place to automatically review accounts and upgrade to an unsecured card when you qualify for it.
It also offers rewards for use.
2. Capital One Quicksilver Secured Cash Rewards Credit Card
Merit: Rewards and upgrading
Points: poor credit rewards, required deposit, 0$ annual fee,
The capital one quicksilver secured cash rewards credit card offers amazing benefits to new cardholders with poor credit. They give 1.5% cashback on every purchase made. You also have the opportunity to get an upgrade to an unsecured credit card whereby your account is automatically reviewed after six months for it.
You, however, have to make a deposit to be able to receive your credit card but it comes with the benefit of a 0$ annual fee which is a very good offer.
3. Capital One Platinum Secured Credit Card
Merit: Low deposit
Points: security deposit. 49.99
The major feature of the Capital one platinum secured credit card is that you do not have to make a deposit similar your the credit line you are applying for, unlike other secured credit cards.
You however have to make a secured deposit for as little as $49 or 99$ to receive a $200 credit line for qualifying applicants and you can get an upgrade in as little as 6months to increase your credit line with no extra cost.
Merit: No credit check or no bank account
Points: money order or Western Union payment
The main advantage of Opensky’s secured visa credit card is the fact that it does not check for any credit upon application and it also does not require a bank account to function but it charges an annual fee. You might be wondering how to pay your bills if you do not have a connected bank account. Well, you have the options of paying your bills with western union or money order without bordering on having a bank account.
5. Chime Credit Builder Visa® Credit Card
Merit: No credit check and easy account management
Points: no annual fee, no interest, payment automation.
The chime credit builder visa credit card has amazing features that make it amazing. It does not require a credit check upon application and it charges no annual interest or fees. You also have the choice to automate your bill payment so that you never have to miss any payment again before it’s due.
The credit card is however exclusive to chime bank account owners only which could be a hurdle to jump before application.
6. Tomo Credit Card
Merit: No credit check, annual fee, security deposit, or APR
Point: 1% cashback, no fees,
When you apply for tomo credit card, you can easily qualify for a card even with a low or no credit score because it factors in other sectors like your account balance, workplace or income before qualifying you for a tomo credit card.
You also do not need a security deposit, or annual fee/interest to qualify. With a 1% cashback on your credit card, this is a very good pick for your credit card application.
7. Grow Credit Mastercard
Merit: No credit check, annual fee, security deposit or APR
Points: The grow credit master does not require a credit check when you apply nor does it require a security deposit. It also doesn’t have an APR because it carries no balance on the credit card. You can also use this card to build your credit history by paying for popular subscriptions.
8. Credit Builder Secured Visa® Credit Card
Merit: Adjustable credit limit
Points: $50 increment
The credit builder secured visa credit card gives you the flexibility to increase your credit limit over time and lowers your credit utilization. The credit card is from the armed forces bank and you can increase your credit limit by $50 when you make a deposit.
9. DCU Visa® Platinum Secured Credit Card
Merit: Low fees and interest
Point: $10partner organization, member of Digital Federal Credit Union
The DCU Visa Platinum Secured Card is a secured card that only qualifies as a member of the Digital Federal Credit Union. It however has the advantage of giving its customers low fees and interests for bad credits compared to other secured cards for good credits.
If you are not a member of Digital Federal Credit Union, you have the option of joining a partner organization for as low as $10 to qualify for application.
Which card will you have to get if you have a poor credit score?
Discover it® Secured Credit Card is the first one I will recommend because it has no annual fee, 2% cashback
What kind of credit card can customers with a bad credit history have?
Discover it® Secured Credit Card is a good recommendation.
What credit card can I get with a score of 350?
The OpenSky® Secured Visa® Credit Card does not require a credit check, and you can be approved even without a bank account. This is an option for people with no credit score or a score below 350.
Can I get an unsecured credit card with a 500 credit score?
You can get an Applied Bank® Unsecured Classic Visa® Card for a score as low as 500
What builds credit the fastest?
The fastest way to build a credit score from scratch is to open your credit card, keep credit usage below 10%, and pay monthly. If you already have a credit card, use less than 10% credit and make sure you don’t miss a payment.