It is anecessity to have a credit card in this modern age because you will have a hardtime renting a car, buying an airline ticket, renting a car, and many morewithout having one. A good way to rebuild a poor credit after dealing with debtor other financial crisis is to use your credit card responsibly. If you havebad credit, it is also going to be hard for you to qualify for a credit cardbut there are some cards that are available if you have bad credit. Some ofthem are listed below.
Top 5 Credit Cards for Bad Credit
Discover it® Secured – Best for cash back
This is theperfect card for you if you are looking for cash back and it has no annual fee.It has a balance transfer intro APR of 10.99% for 6 months and a regular APR of24.99% variable. You can build your credit history with the three major creditbureaus using this credit card. Your credit line can be established for you ifyou provide a refundable security deposit from the range of $200-$2500 whichafter it has been approved there will be automatic reviews for you which willstart after 8 months to know if you can change to unsecured line of creditwhile your deposit will be returned to you. The best part with this card isthat you will get 2% cash back at gas stations and restaurants on up to $1,000in combined purchases every quarter while you also earn 1% cash back on allother purchases.
Capital One® Secured Mastercard® – Best for no annualfee
This credit cardhas no annual fee and balance transfer Intro APR. It has a regular APR of24.99% variable and it can help to build credit if used responsibly as therewill be regular reporting to the three major credit bureaus. There will be $200credit line given to you after you have made a security deposit of $49, $99, or$200 which will be determined by your creditworthiness. You can then get accessto a higher credit line when you make your first 5 monthly payments on timewithout the need for an additional deposit. The best part is that the creditcard is accepted at millions of locations worldwide while you can also manageyour account at any time of the day with online access using a phone or themobile app.
Credit One Bank® Visa® Credit Card – Best forbuilding credit
You will not payan annual fee on your first year but the card has an annual fee of $99 with nobalance transfer intro APR. It has a regular APR of 19.99% to 25.99% variableand you can also choose from the variety of card designs that is available. Youwill also get a 1% cash back rewards on eligible purchases like groceries, gas,and also on services like internet, mobile phone, and so on. You can also setan alert so you can know when to make new payments or when the available creditruns low. You can also set your preferred monthly payment due date and also usethe free online access to your Experian credit score to track the key factorsthat are impacting your credit health. Your account will also be evaluatedbefore you can ask for a higher credit line.
Total VISA® Unsecured Credit Card – Best for fastresponse
The card has nobalance transfer intro APR and you will have to check the terms for the annualfee and regular APR. You will need a checking account for this card and yourapplication will be reviewed in a short time. This card is accepted bymerchants nationwide across the USA and online and it has manageable monthlypayments. You will just pay the processing fee once your account is approvedbefore you can access your available credit and you can also choose your favoritecard design from the gallery for free.
Credit One Bank® Unsecured Visa® with Cash BackRewards – Best for pre-qualification
This has an annual fee of $99 which you will start paying after the first year but no balance transfers intro APR. It has a regular APR between 19.99% to 25.99% and you can easily check if you pre-qualify in less than 60 seconds without affecting your credit score with this card. You are going to get 1% cash back rewards on eligible purchases like groceries, gas, and services like cable and satellite TV, internet, and so on. The card as deposit requirement and will evaluate your account before you can get the chance of credit line increase. You can easily access your account on your computer, smartphone at CreditOneBank.com or credit one bank mobile application.