It is becoming increasingly hard to find a credit card company to accept your application with poor credit. We have found the perfect cards for poor credit!
Nearly a third of Americans have a poor credit score. In today’s world, it can be very difficult to improve your score with bad credit.
You also want to save money anywhere you can while you’re working on fixing your credit.
Bad credit can also stop you from taking out loans, or getting the apartment you want. So how can you fix it?
Well, there’s one time-tested method for building up your credit. Let’s check out the best credit cards for poor credit.
5 Best Credit Cards for Poor Credit
Credit cards are everywhere. Most people have more than one tucked in their wallet or phone case, and they can be dangerous for some.
However, credit cards are not all equal. Some offer great rewards, some have annual fees, and some have higher interest rates.
Unfortunately, when your credit score is low, you don’t get to reap all of the benefits of the top cards. However, if you start with one of these cards and keep building up that score, you’ll be there in no time.
1. Credit One Unsecured Visa
This credit card was specifically made for rebuilding credit. It has a $99 annual fee, but it also gives 1% cash back on all purchases starting immediately.
The card also comes with free fraud liability and credit monitoring, so the burden will be taken off your shoulder.
It is an unsecured card, meaning you do not have to deposit money up front. This is a great start at building up credit, and it comes with the potential for a higher limit.
2. Capital One Secured Mastercard
This card has no annual fee, but it still has all the credit building benefits!
Since this is a secured card, you will get an initial $200 credit line after making a security deposit of $49, $99, or $200, depending on your current credit.
3. Total Visa
This card has a very easy application process, as applicants typically get a response within seconds. However, it does require you to have a checking account, which shouldn’t be much of a problem.
Keep in mind, there is a program fee to pay initially to access your account once you have been accepted.
4. First Progress Platinum Mastercard
This one will get to you in no time with their new expedited processing option. It requires a one-time, fully refundable deposit of $200 to $2,000 to open, and can be refunded once the balance is paid off.
There is no credit history or minimum score required for approval.
5. Discover it Secured
Discover it has long been a popular option for people with poor credit or no credit at all. It even comes with cash back rewards of 1% on all purchases and 2% at gas stations and restaurants.
There is also no annual fee on this card.
Now that you’ve seen the best credit cards for poor credit, there is no better time to get started than today!
Make sure you are thinking ahead when using your cards, and get that score up to where it belongs!
If you’re looking to make the first purchase on your new card, check out the best tech gifts to buy for your loved ones.