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Do you have bad credit but you still want to get a credit card?
If this is you, there are a few banks that you can still choose from to secure a card, albeit limited. Unfortunately, every time you try to apply for a card and you get rejected, it affects your credit score, making it even harder to manage your finances.
Thankfully, there are still a few options for those that do have a bad credit score. It is highly recommended that you look for a credit card that is designed to help those specifically with poor credit.
Here, we talk about credit cards that you can use if you suffer from bad credit. Now, you can figure out ways to iron out your financial issues by deciding which card best works for your specific needs. Here are the best credit cards to choose from if you suffer from bad credit.
Discover It Secured Credit Card
Those that have bad credit should consider getting the Discover It Secured Credit Card for all their financial requirements. First, this card actually allows you to set your own credit limit, but first, you need to make a deposit before you can avail of this service. Another perk is that the Discover It card also offers a bunch of cash back rewards, something that other secured credit cards rarely offer.
Meanwhile, this card will also help you improve your overall credit score since it reports to all three major credit bureaus. Another positive about the Discover It Secured Credit Card is that it allows you to supervise both your credit score, as well as your creditworthiness, at the same time. Because of this, you might even be able to upgrade an unsecured account if you’ve managed to make at least 8 regular monthly payments.
Reasons Why This Card is Recommended for Poor Credit
- $0 annual fee
- $200 minimum fee for your opening deposit
- At least 2% cashback on restaurant or gas station purchases
- Get unlimited 1% cashback on all other purchases
- For all balance transfers, there is 10.99% APR for the first six months
- It builds a better credit history
Capital One Secured MasterCard
For those willing to build up their credit score, then the Capital One Secured MasterCard is the best option. With this particular secured card, you will get an initial credit line of $200 up to $1,000.
The Capital One card is also a great option for those looking for more choices and flexibility when it comes to their card. In order to start your line of credit on this card, you simply need to deposit $49, $99, or $200.
Reasons Why This Card is Recommended for Poor Credit
- $0 annual fee
- 24/7 online account access
- No foreign transaction fee
- Minimum $200 line of credit
- You can choose your minimum opening deposit amount
Credit One Bank Platinum Visa
Another card individuals should consider when hoping to rebuild their credit is the Credit One Bank Platinum Visa Card. Like the Discover It card, you can also prove your creditworthiness by making on time payments. Another perk of this card is that it allows you to monitor you Experian credit score without a fee.
One major reason why people prefer the Credit One Bank Platinum Visa card is because it offers a number of perks that traditional credit card companies tend to give despite the user’s bad credit. And the card’s cash back rewards also provides you with the opportunity to settle your outstanding monthly bills quicker.
Reasons Why This Card is Recommended for Poor Credit
- $0 fraud liability
- No monthly fee
- Offers pre-qualification
- An annual free ranges between $0 to $99
- Earn 1% cashback rewards on all eligible purchases
Milestone MasterCard
The Milestone MasterCard is yet another great option for people needing to rebuild their credit score. You have the option to open up a line of credit with no needed down payment. You can even monitor the improvement of your credit score through regular reporting.
In order to keep your credit score safe, the Milestone MasterCard offers pre-qualification. This also means that you can see whether you’ve been approved or not without needing to double check your credit score. This card is offered to those that have a bad or undesirable credit.
Reasons Why This Card is Recommended for Poor Credit
- Zero monthly fee
- Annual fee ranges from $35 to $99
- Fraud protection for stolen cards
- Offers pre-qualification
- Available for those with minimal or bad credit
Surge MasterCard
Regardless of what shape your credit might be in, the Surge MasterCard could be very useful for you. Regardless of whether you have horrible credit history, or you’re just starting from zero, you can qualify for this particular credit card.
Another welcome surprise is that this credit card can give you an opening credit line of $500. And that’s without having to make any first deposit.
Reasons Why This Card is Recommended for Poor Credit
- Initial credit limit of $500
- Reduced $10 monthly fee for the first year
- 24/7 free online account access
- Available for all credit scores and types
- $125 annual fee
How to Choose the Best Credit Card for Bad Credit
The truth of the matter is your credit score always leaves a direct impact on your finances, but thankfully it doesn’t always mean that you won’t be able to qualify for a new credit card. These available cards prove that you can take advantage of the options and solutions they offer, no matter where your credit score sits.
By choosing the right credit card for your particular needs, you can also improve your own credit score, especially when you make on-time payments. Plus, you can also enjoy all the additional perks and rewards provided by these credit card companies.
