Top 6 Best Credit Cards For Bad Credit

Many people have asked a question like is it possible to obtain a credit card despite the state of my bankruptcy? and the answer we have for you today is a big YES! You can get a credit card with bad credit, but it won’t be one of those credit cards you see that has good rewards attached to it, rather, it will be a fairly basic card.

Never mind, it is still good because You won’t be relying on such a card for too long. All you need do is to use such a credit card to rebuild your credit for you to be fit enough to move to a better credit card company.

We are meant to understand that the best credit cards for bad credits are secured credit cards. With these cards, you are able to provide a security deposit, which in turn protects the issuer in case you fail to pay.

But the good news is that when you upgrade the account or when you close you can get your deposit back. Your money deposited in that account reduces the risk, which makes secured cards some of the easiest cards to get.

At first, getting the card may be difficult to be approved, but all you need do is to show you have little income because bankruptcies or some other serious problems on your credit report can cause you to be denied.

Top Credit Cards For Bad Credits

Here are the 6 best credit cards for bad credit you can apply for and analysis of each card.

Discover It Secured Credit Card

  • Annual Fee – $0
  • Regular APR – 25.24% Variable APR
  • Intro APR – 10.99% on Balance Transfers for 6 months
  • Recommended credit score – 350 – 629
  • Remark – Poor

The rewards and other features on this secured card for bad credit are better than those on many unsecured cards for good credit. The Discover it Secured credit card may be the best credit card available for people with bad credit. Not only does it have an annual fee of $0, but it also gives rewards: 2% cash back on up to $1,000 worth of spending per quarter on restaurants and gas, and 1% on all other spendings. Handle your account responsibly for eight months, and Discover will review your account for a possible upgrade to an unsecured card.

OpenSky Secured Visa Credit Card

  • Annual Fee – $35
  • Regular APR – 19.64% Variable APR
  • Intro APR – N/A
  • Recommended credit score – 350 – 689
  • Remark – Poor-Average

The OpenSky Secured Visa Credit Card is a strong choice for people struggling to build or rebuild credit, as well as for those without access to traditional banking services.

Capital One Secured Master Card

  • Annual Fee – $0
  • Regular APR – 26.99% Variable APR
  • Intro APR – N/A
  • Recommended credit score – 350 – 629
  • Remark – Poor

Maybe your credit is damaged but not necessarily destroyed, the Capital One Secured Mastercard is an excellent place to start rebuilding it.

Credit Builder Secured Credit Card

  • Annual Fee – $25
  • Regular APR – 23.24% Variable APR
  • Intro APR – N/A
  • Recommended credit score – 350 – 689
  • Remark – Poor-Average

The Credit Builder Secured Visa Credit Card is one that makes it easy to increase your credit line over time to give you greater flexibility and keep your credit utilization low.

U.S Bank Harley-Davidson Visa Secured Card

  • Annual Fee – $25
  • Regular APR – 25.24% Variable APR
  • Intro APR – N/A
  • Recommended credit score – 350 – 689
  • Remark – Poor-Average

You don’t need to be a Harley enthusiast to carry the U.S. Bank Harley-Davidson Visa Secured Card. It’s a decent product you can use to build a good credit history.

DCU Visa Platinum Secured Credit Card

  • Annual Fee – $0
  • Regular APR – 13.75%, Variable APR
  • Intro APR – N/A
  • Recommended credit score – 350 – 850
  • Remark – Poor-Excellent

It’s best to pay your credit card bill in full every month, especially when working to build credit, but if you must carry a balance, the DCU Visa Platinum Secured Credit Card is less expensive than most other secured cards.

Conclusion

In conclusion, you have a bad credit report is never the end of the world, with our guides in today’s article, you can gradually build your credit report to the highest credit score you can ever think of with time.

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