Having bad credit history makes getting a credit card tough to get, but there are secured credit cards that are much easier to get even with bad credit. Such credit cards enables you to rebuild your history over time, however, in most cases these cards will require someone to put down a cash deposit that you will borrow against, but of course there are those that do not. Either way, they allow you to improve your credit score. Here we have listed the best credit card for bad credit you will find out this year, so that you can make a comparison and get the perfect one for your individual situation.
Credit one unsecured platinum visa card
Credit One Bank is among the largest card providers is credit cards in America, serving over 6 million people across the country. They offer a broad range of credit card with bad credit, among them, is the platinum visa card. You can qualify for a Credit One Unsecured Credit Card without harming your credit score. This card is not a debit card, or prepaid card, or secured card, this is fully functional, unsecured card. You won’t need to load funds or tie up cash in deposits since this isn’t a secure card. Other than that, the cards automatically earn 1% cash rewards whenever you buy gas or groceries, something many secured cards do not offer. (Terms will apply) . You will get flexible payment date that will help you make payments on time.
Milestone Gold MasterCard
Milestone Gold card is also among the best credit card for people with bad credit, but to be approved, you will need to have a credit score in 520+ range. Instance pre-qualification process won’t affect your credit score, and previous bankruptcy won’t be an issue. The card is protected from fraud in case it’s stolen. Unfortunately, the card has an annual fee requirement of $ 35 -$ 99. The regular APR is also high, but this is one of the best cards you will get this year especially if you have had credit problems in the past.
Indigo Platinum MasterCard
You can pre-qualify for Indigo card today, and it won’t affect your credit score. You only need to provide few details, and you are on your way to prequalifying for one of these cards. One you are approved, your activities of the card will be reported to all major bureaus which means improving your score will be much easy. The card also features fraud protection for lost or stolen card. You can access your indigo platinum account anytime of the day from your mobile device or your tablet. You can pay bills view your transactions, or even check your balance as you like.
Premier forward MasterCard
You can apply for a premium forward card today and if approved all you need is to pay a processing fee subject to additional fees and charges, and you will access the credit available anytime. However, you must have a checking account to qualify. If many card issuers have failed to approve a card, First premium bank will for sure do, so apply for the card today. The card is acceptable to millions of location worldwide, but of course subject to available credit. The card features a chip technology, therefore protects you if your card is used without permission.
Total visa credit card
The total visa credit is one of the few cards termed as subprime cards available today. The card comes with high fees and high APR, but for those who want to rebuild their credit and have a hard time with unsecured cards, then this is the ideal card. You will be charged one-time application fee of $ 89 when opening the account. Unfortunately, the card cannot be used at the gas station, as well as gaming places. There are other additional fees you might want to consider, including monthly fees after one year of using the card. Total visa card can be your only ideal option, but you will need to keep a low balance with this card at least for the first year. You can get another card when your scores improve after the first year.
First progress platinum visa card
This is one of the few best-secured cards on the market targeting those with bad credit as well as those who have recovered from bankruptcy. The card requires no credit history for approval or any credit score requirement. It’s one of the few cards suitable for car rentals, hotels, gas stations and pretty any other place where credit cards are accepted. The credit line on this visa card is secured by a refundable deposit of $ 200 to $ 2000 submitted with applications, all you need is to pay off your balance, and you will receive your deposit anytime.
Open Sky secured visa card
You can qualify for an Opensky secured cards within minutes. The bank won’t run a credit check, and you won’t require a checking account. Other major issuers will charge high annual fees, but Open sky only charge $ 35 annually, which makes it pretty affordable way to improve a severely damaged score. The main drawback if this card is that you can’t upgrade your account to unsecured account, and just like other secured cards if your monthly expenses are far beyond your monthly income, you won’t qualify for the card. However, if you want to rebuild your credit, Open Sky secured visa card will definitely work for you since your activities will be reported to major credit bureaus.
These are so far the best credit card bad credit you will come across, there may be others that you might need to consider, but the most important thing to do is to use the card you receive responsibly. You may need to proceed with caution at first when you get the card, then make sure you pay all your bills in full every other month and keep track of your credit score.
If you find that your credit score is not as bad as you thought; you might want to consider for credits cards for average credit. Remember the reason you are getting a credit card for bad credit is to improve your score, so whatever you do, make sure you don’t ruin your score further.