5 Best Credit Cards for Bad Credit
As a person with a bad credit history, you must be selective in choosing a credit card.
You have to choose a credit card which designed for people with bad credit.
Here, we give you the list of 5 best credit cards for bad credit.
We mention them as the best credit card based on the upfront fee, pre-qualification check,
and the reports from all three credit bureaus.
1. Capital One
Capital One is one of the best secured credit cards for bad credit.
People with bad credit love to use the credit card because the costs are minimal and they don’t need to pay an annual fee.
Interestingly, you are able to earn a refund and a credit line.
To use Capital One, you have to make a deposit around $49, $99, or $200 and it is a refundable deposit.
They also let you choose your own monthly payment time.
The company uses this to make you pay the monthly payment in the most comfortable way each month.
Then, pay the monthly payment on time and in full to prevent interest.
You can also use specific features such as Credit Wise to monitor your credit score and anything you need to know.
Capital One is the best credit card for those who need credit with a low upfront fee.
The deposit is also affordable along with a credit line improvement.
Just make sure that you pay the monthly payment on time, especially for the first five months.
It increases the chance to get a credit line and you don’t need to add the deposit.
2. Indigo Platinum Mastercard
We included Indigo Platinum Mastercard in the 5 best credit cards for bad credit because of its benefits.
One of the benefits is on its low annual fee so people with financial difficulty can afford the card to improve their credit score.
You may take the pre-qualification questions session to make sure whether you are approved or not.
After the approval, you have to pay the monthly payment on time.
It is important to pay the monthly payment on time to prevent high penalty APR as well as to increase your credit score.
Later, you can also switch the card to a credit card with rewards.
Due to the low annual fee, Indigo Platinum Mastercard is useful for those who have a serious financial problem or bankruptcy.
Interestingly, the bank doesn’t check your previous financial condition and disqualify you only because you are facing financial difficulty.
3. Credit One Bank
The bank designs the Credit One Bank credit card for those who need to find unsecured credit cards for bad credit.
The bank doesn’t need your bad credit score or history report only to approve your credit card request.
Even, Credit One Bank offers some benefits for the users.
Let say, you have a chance to get rewards, great features, and rebuild your credit score.
It is better to take the pre-qualified session first before applying for the credit card.
You don’t need to worry because it doesn’t give any impact to your credit score.
Try to pay off your entire balance if you want to rebuild your credit score and prevent interest.
You can also get cash back if you use this credit card for specific purchases such as gas, groceries, and the internet.
Indeed, Credit One Bank is suitable for those who have bad credit.
While using the card to rebuild your credit score, you can also get rewards and cash back.
Just take this chance if you often pay internet service, cable or satellite television, groceries,
and dining for cash back. It also helps to pay the account balance.
4. Milestone Mastercard
If you need to find credit cards for bad credit no deposit, Milestone Mastercard is the answer.
The features are suitable for people with bad credit and financial difficulty.
You also don’t need to pay the cash advance fee in the first year.
The best part, you don’t have to spend some amount of money for a deposit.
You may take the pre-qualification session before sending your application.
Just make sure that you pay off your monthly balance to prevent high penalty APR.
You can also use this credit card to rebuild your credit score.
Later, you can switch the card with a credit card which offers rewards.
Milestone Gold Mastercard is a solution for people with financial difficulty.
The bank doesn’t care about it.
5. Total Visa Credit Card
Total Visa is one of the instant approval credit cards for bad credit.
The credit card is suitable for people who want to rebuild their credit.
Try to focus on credit usage and try to keep it low because the limit is $300.
Try to pay the monthly balance so you don’t have to pay high interest.
Indeed, this credit card is for those who want to start a credit well.
The features can control you to prevent overspending.
So, just consider one of the best credit cards for bad credit above to solve your financial difficulty.
Each of them offers great deals as well as a solution for your credit.
Watch this video about Credit Card Eligibility Checker