Last Updated on February 11, 2023 by admin
You may have negative aspects in your credit history when your credit is bad indicating that it will difficult in getting a great APR. On the Other hand, you can get loan ranging from
$500 to $10,000
Our discussion is focus on credit cards for bad credit history since bad credit has made it difficult for you to get a regular credit card, consider applying for a secured credit card.
According to FICO score a Bad credit is often reflected as a low credit score, typically under 580 on a scale of 300 to 850. A person is considered to have bad credit if they have a history of not paying their bills on time or owe too much money.
With bad credit you will find it difficult to borrow money, especially at competitive interest rates, because they are considered riskier than other borrowers
Below are few credit card options that are best suited for poor or bad credit in the United states.
1. Discover it® Secured:
Discover it® Secured Credit Card help build or rebuild your credit history with the three major credit bureaus. Generally, prepaid and debit cards can’t do that.
There is No annual fees, earn 1% unlimited cash back on every purchase.At gas stations and restaurants on up to $1,000 in purchases each quarter.Also you can easily view your FICO® Credit Score on monthly statements, mobile and online for free.
2. Secured Mastercard® from Capital One:
This a great tool to help you build good credit.It has No annual fees, no cash back, miles, or points with Purchase Rate of 26.99% variable APR.
It has a Required Security Deposit of $49, $99 or $200 refundable minimum security deposit. You are automatically considered for a higher credit line in as little as 6 months. Capital One refunds security deposits in two ways: You can earn back your deposit as a statement credit by using your card responsibly. Or it will be refunded when you close your account and pay your balance in full.
3. Total Visa® Unsecured Credit Card:
The Total Visa card should only be an option for people with the worst credit scores who refuse to open a secured card—everyone else will find much better terms elsewhere.
The Total Visa® Unsecured Credit Card doesn’t require a security deposit but charges high fees and interest. You need a checking account for this carD and Monthly payments are manageable. With this you can overcome your bad credit.
4. Citi® Secured Mastercard®:
Citi® Secured Mastercard® is an option for customers with little or no credit history and can help you build your credit with monthly reporting to all 3 major credit bureaus.
It required a security deposit for this product (minimum $200) with a Purchase APR 22.49% variable APR*—–Once available, you will also have free access to your FICO® Score online. Tracking your score is a great first step to managing your credit history and taking control of your financial future.
5. Credit Builder Secured Visa® Credit Card:
The credit card is from Armed Forces Bank and it doesn’t offer cash back, miles, or points..The Annual Fee is $25 monthly payment, 24 month term with a $9 admin fee with Regular APR of 15.92% variable.
However, unlike all of those cards, your credit limit with the Credit Builder Secured Visa® Credit Card is adjustable. You can increase your credit limit by adding funds (in increments of $50 or more) to the savings account that you set up for the card, up to $3,000.
6. DCU Visa® Platinum Secured Credit Card
The secured card is for bad credit, but it offers a lower interest rate than many unsecured cards for people with good credit. You must be a member of Digital Federal Credit Union to get this card, although you can join by becoming a member of a partner organization for as little as $10.
7. Harley-Davidson® Visa® Secured Card
Harley-Davidson® Visa Credit Card is from U.S. Bank. it help Build or repair credit.there is No annual fee
8. Surge Mastercard Credit Card:
A Surge Mastercard® with an initial credit limit that ranges from $300 to $1,000. Use your Surge card at locations everywhere Mastercard is accepted. A checking account is required. All credit types whether bad or poor are welcome to apply. Initial credit limit of $500.00 (subject to available credit), the application process is fast and easy with results in seconds
9. Credit One Bank® Unsecured Visa® with Cash Back Rewards:
10. Credit One Bank® Visa® Credit Card:
11.AeroMexico Visa Secured Card:
12.Savings Secured Visa Platinum Card:
13.capital One® Secured Mastercard®
14.Discover it® Student Cash Back
15. First PREMIER® Bank Mastercard® Credit Card:
16. OpenSky® Secured Visa® Credit Card
17. First Progress Platinum Elite Mastercard® Secured Credit Card