Top 10 Credit Cards For Bad Credit People

If you’ve a bad score, your interest rate will be high and you might have to pay a higher down payment; which would hurt your pocket. But don’t lose hope. You can still improve your credit score before you apply for the important home or auto loan. Yes, there are credit card companies which give people a second chance, and you should take advantage of them and improve your credit score. Once you get approved by one of the credit cards listed, ensure that you make the payments on time and don’t get over the monthly limit. This will help improve your credit score and get your life back on track.

The top 10 credit cards for bad credit people are here:

1) Credit One Unsecured Visa Card

  • The best thing about it is that it is unsecured; you don’t have to deposit any money.
  • With the Credit One Unsecured Visa Card, you will have zero liability in such case scenarios, when you use this card to purchase gas or grocery, you receive 1% cash back. There are some terms and conditions, but the more you use the card to purchase, the more money you’ll receive back.
  • The best thing is that when your credit score improves a little bit, they will seek to increase your credit limit. They will seek your approval before increasing the credit limit thus hinting that your score has improved. Who wouldn’t like an increased credit limit?
  • Another benefit is that you can set up notification text or email which will alert you the payment due date, when your credit limit has been maxed, and when the payment was posted.

2) Total Visa Credit Card

  • It is an unsecured credit card thus you don’t have to deposit any money.
  • The best thing about this card is the fast application processing time. The moment you apply for the card, within seconds you’ll be notified about the decision.
  • Although it is an unsecured card, you have to pay the processing fee if your application is approved.
  • Your credit usage and payment date will be provided monthly to the credit bureaus which will help improve your score.

3) Milestone Gold Master Card

  • An unsecured credit card thus you don’t have to deposit any money.
  • It provides zero liability in fraudulent unauthorized charges, thus you will be safe when your credit card or credit card number is stolen.
  • Its application process is also fast.
  • If you get approved, you can select the design you prefer for the card.
  • You can also monitor your account online for free.

4) DCU Visa Platinum Secured Credit Card

  • This is a secured credit card which will require a security deposit for the credit card to be approved. The amount depends on your credit score.
  • Your credit limit will be determined by your credit score.
  • If you make the payments on time, and maintain your credit balance below the credit line, there is a good chance that after a year your card might be converted to an unsecured card.
  • The good thing is that there is no annual fee.
  • And the card has a relatively low APR of about 11.50%.

5) Merrick Bank Secured Visa Card

  • This is a secured credit card which will require a security deposit for the credit card to be approved. The amount depends on your credit score.
  • After you have deposited the security amount, you will be approved for a $200 credit. If you make a higher security deposit, you will receive a higher credit limit. The maximum credit you can receive is $3000.
  • The good thing is that you’re protected from unauthorized charges. Charges due to credit card theft, credit card number stolen or other reasons will have no liability on you.
  • It has annual fee of $36.
  • A medium APR of about 17.45%.

6) Capital One Secured Master Card

  • This is a secured credit card which will require a security deposit for the credit card to be approved. The amount could be $49, $99, or $200 depending on your credit score.
  • After you have deposited the security amount, you will be approved for a $200 credit. If you make a higher security deposit, you will receive a higher credit limit bet88. The maximum credit you can receive is $3000.
  • The good thing is that there is no annual fee.
  • But there is a high APR, about 29%.

7) Wells Fargo Secured Visa Card

  • This is a secured credit card which will require a security deposit for the credit card to be approved.
  • The amount depends on your credit score.
  • You can receive a credit limit of $10,000 if your security deposit is $10,000.
  • If you make the payments on time, and maintain your credit balance below the credit line, there is a good chance that after a year your card might be converted to an unsecured card.
  • The annual fee is of $25.
  • And the APR is 18.99%.

8) US Bank Secured Credit Card

  • This is a secured credit card which will require a security deposit for the credit card to be approved.
  • The amount depends on your credit score.
  • You can receive a credit limit of $5,000 if your security deposit is $5,000.
  • If you make the payments on time, and maintain your credit balance below the credit line, there is a good chance that after a year your card might be converted to an unsecured card.
  • The annual fee is of $29.
  • And the APR is 12.99%.

9) First Progress Platinum Elite MasterCard Secured Credit Card

 

  • This is a secured credit card which will require a security deposit for the credit card to be approved. The amount depends on your credit score.
  • After you have deposited the security amount, you will be approved for a $300 credit. If you make a higher security deposit, you will receive a higher credit limit. The maximum credit you can receive is $2000.
  • The good thing is that you’re protected from unauthorized charges. Charges due to credit card theft, credit card number stolen or other reasons will have no liability on you.
  • It has annual fee of $36.
  • A medium APR of about 17.45%.

10) Capital One Quicksilver One Master Card

  • This credit card is for people who have a little better credit, whose credit isn’t that bad.
  • It is difficult to get approved for this card unless your credit score is in the mid 600s.
  • When you purchase anything with this card, you receive 1.5% cash back.
  • The annual fee is of $39.
  • Introductory APR is 0%, but after few months the APR increases to as high as 22.9%.