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Top 10 Credit Cards for People With Bad Credit

So your credit health is not in the best condition. Perhaps you have had a few late payments or do not have much experience in paying bills. Don’t worry because you’re not alone.

It seems to be counterintuitive, but the fastest and best way to deal with a bad credit score is to use a credit card. Believe it or not, you might improve the situation just in a couple months with the right credit card option.

The key is to know which one is suitable for you. In this guide, we’ll show you how to search for the best bad credit credit cards and list some of the best credit cards in the market today.

4 Principles To Choose the Best Credit Cards for Bad Credit

Just like any other products, there are many factors you need to consider when choosing a credit card if you have a bad credit score:

– Compare the fees

The top priority when selecting a credit card should be the low-cost credit improvement. And the best way to reduce your costs is to find a service with no or low one-time, monthly or annual fees. Also, it is important to always pay your bills in full to avoid extra interest charges.

– Get current on your bills

Many credit card issuers will not approve if you have any delinquencies recently. And there is no point in increasing your burden of obligations when you don’t have everything to be prepared well for your application. Thus, make sure to pay all of your bills at least a few months before thinking about getting a credit card for a bad rating.

– Consider secured cards

A secured credit card tends to have the highest approval chances as it often requires you to put a security deposit which serves as your credit line. Also, this amount helps to prevent the need for charge fees, making it the most affordable way to rebuild your credit.

– Do not confuse secured with warranted approval

While secured credit cards are the closest thing that you would get to a justified approval, most of these would still need a credit examination. And a few things on your report would disqualify you. For instance, some issuers will never approve a secured card applicant who has a recent delinquency on their records or an unresolved tax lien.

Top 10 Credit Cards for Bad Credit

Capital One Secured Mastercard

– Annual fee: $0
– Regular APR: 24.99% (variable)
– Recommended credit: 300 – 670
– Rewards rate: This credit card does not offer points, miles, or cash back

Highlights

– It is accepted at millions of places all over the world
– Easy to manage your online account 24.7 by mobile app
– After making a secured d0eposit of $200, $99, or $49, you will receive an initial credit line of 200$
– Have access to higher credit lines after making payments in the first 5 months on time
– This card builds credit only if you use it responsibly, with frequent reporting to three major credit agencies.

Discover it Secured Card

– Annual fee: $0
– Regular APR: 24.74% (variable)
– Recommended credit: 300 – 670
– Rewards rate: 2% cashback at restaurants and gas stations, up to $1000 each quarter; 1% cashback on other purchases.

Highlights

– Get free alerts for the social security number
– Require a refundable secured deposit of at least $200 to establish the credit line
– Automatically review the account after 8 months to see if you can be transitioned
– Automatically match all the cashback at the end of the first year

Credit One Visa

– Annual fee: $0 – $99
– Regular APR: 19.74% – 25.74%
– Recommended credit: 300 – 670
– Rewards rate: 1% cashback on eligible purchases like groceries, gas, and services

Highlights

– There are a variety of designs to choose from
– Set up customized text or email alerts to receive payment due date
– Evaluate your account for increasing opportunities in the credit line
– Free access to online Experian credit report and score

Total Visa® Unsecured Credit Card

– Annual fee: see terms
– Regular APR: see terms
– Recommended credit: 300 – 670
– Rewards rate: This credit card does not offer points, miles, or cash back

Highlights

– Require checking account
– Easy and fast process of application and response
– Accepted by millions of merchants in the US
– Monthly reports to all 3 major credit agencies

Citi Secured Mastercard

– Annual fee: $0
– Regular APR: 24.24%
– Recommended credit: 300 – 670
– Rewards rate: This credit card does not offer points, miles, or cash back

Highlights

– Accepted all over the world
– Keep on track with alerts, online Bill Pay, and Auto Pay
– Require a minimum secured deposit of at least $200
– Help to build the credit history with monthly notifications to major credit agencies

Surge Mastercard

– Annual fee: see terms
– Regular APR: see terms
– Recommended credit: 300 – 670
– Rewards rate: This credit card does not offer points, miles, or cash back

Highlights

– Free access to your online account 24/7
– Initial credit line of $500
– The process of application is easy and fast
– Use your credit card everywhere

Indigo Platinum Mastercard

– Annual fee: $0 – $99
– Regular APR: 23.9% (fixed)
– Recommended credit: 300 – 670
– Rewards rate: This credit card does not offer points, miles, or cash back

Highlights

– Pre-qualification available without affecting to your credit score
– Free access to online account and mobile-friendly
– Protection against fraud
– Accepted at more than 35 million places worldwide

Milestone Gold Mastercard

– Annual fee: $35 – $99
– Regular APR: 23.9%
– Recommended credit: 300 – 670
– Rewards rate: This credit card does not offer points, miles, or cash back

Highlights

– Free to choose your own card design- Protect your money from being stolen or list

– Get approval even when you have been previously gone bankrupt
– Easy qualification process with quick response

USAA Secured Card

– Annual fee: $35
– Regular APR: 11.65% – 21.65%
– Recommended credit: 300 – 670
– Rewards rate: This credit card does not offer points, miles, or cash back

Highlights

– It is not a prepaid or debit card
– Ideal for those people who want to rebuild or establish credit

Nascar Credit Card

– Annual fee: $0 – $99
– Regular APR: 19.74% – 25.74%
– Recommended credit: 300 – 670
– Rewards rate: 1% cashback on all purchases

Highlights

– Easy, secure, and fast to know if you are pre-qualified without harming credit score
– Automatically review for increase opportunities in the credit line
– Free online access
– Custom text and email alerts