How to get the best Credit Cards for Bad Credit. Having to select a credit card to use can be both confusing and time-consuming. There are a lot of reviews and questions to answer, like; which card is right for you? Will the credit card affect your credit score? A secured credit card is the best option for people with bad scores and want something like an actual credit card in their wallet.
There are a lot of credit cards processing companies that requires a refundable cash deposit for security, and this provides backup collateral for when you default on payments. In some cases, if you use your secured credit card responsibly, as time goes on, the issuer may increase your limit or upgrade you to an unsecured card where you don’t need to pay a deposit.
Credit Cards for Bad Credit
Secured credit cards are easier to apply and get qualified for than unsecured cards. These secured cards have lower interest rates and fees than beginner credit cards. Most also, they report activity to all three major credit bureaus to help the card user build their credit over time.
Another option is an unsecured credit card that is specially designed for thin or bad credit. These cards are not as bad as they sound, they just provide help to users who have bad credit score. And by using these cards, they can get their credit score increased if they tend to use the card responsibly.
Guaranteed Approval Credit Cards for Bad Credit
Building or repairing your credit score makes it easier to open doors with lenders, landlords and also potential employers. Those with bad credit scores (within the range of 300 – 579) can benefit from using this card designed with them in mind. To make it easier to find a card, below are some of the guaranteed approval cards for people with bad score:
- Mission Lane Visa® Credit Card: Best for low annual fee
- Capital One Platinum Secured Credit Card: Best for rebuilding credit
- Discover it® Secured Credit Card: Best secured card with rewards
- Petal® 1 “No Annual Fee” Visa® Credit Card: Best for local cash back offers
- Self – Credit Builder Account + Secured Visa Credit Card: Best for building credit with savings
- OpenSky® Secured Visa® Credit Card: Best for credit educational support
Best Credit Cards for Bad Credit
- PREMIER Bankcard® Mastercard® Credit Card
- Capital One QuicksilverOne Cash Rewards Credit Card
- PREMIER Bankcard® Green Credit Card
- Secured Sable ONE Credit Card
- Fit Mastercard® Credit Card
- Milestone® Gold Mastercard®
- Reflex Mastercard® Credit Card
- Destiny® Mastercard®
- Surge Secured Mastercard®
- Fingerhut Advantage Credit Account issued by WebBank
- Revvi Visa® Unsecured Credit Card
- The OpenSky® Secured Visa® Credit Card
- Destiny® Mastercard®
- Total Visa® Unsecured Credit Card
- Indigo® Platinum Mastercard®
How to Get Credit Cards for Bad Credit
You can get personalized credit card offer within a minute without affecting your credit. This can be done using the step below:
- Visit the website https://www.experian.com/credit/credit-cards/best-for-bad-credit/
- Enter your full name, home address, last 4-digit of your Social Security Number (SSN), and email address
- Click on Reveal your matches
This will redirect you to a page where you will get the cards that best fits your score.
What is considered bad credit?
A very poor credit score rating based on FICO Score includes scores from 300 to 579. Generally, people with this FICO Score are required to pay an additional fee or even a deposit. Also, this score range is the lowest on the rating scale, and card applicants under this score might have trouble getting approval from credit card issuers.
How to work on bad credit
Checking your FICO Score includes factors that are positively and negatively impacting your credit score. And also knowing those factors can help you get your credit score increased to where you want it to be. Generally, paying all your bills when due and keeping your balances low can help you get your credit to a good credit.