The 3 Best Credit Cards for Bad Credit
A common misconception is that you need to have excellent credit in order to get a credit card. The truth is that you may be able to get a higher credit line and have more choices for credit cards, but even people with less than stellar credit is able to get a credit card. This may take a bit of research in order to find the right credit card to meet your needs. If you are willing to take the time and effort, you can find a credit card even with your bad credit.
Be sure to read the fine print clearly when applying for a credit card. Some cards have annual fees that can be ridiculous, while others may have little or no fees attached to use. You will also want to make sure that the card that you choose is an actual credit card, and not a prepaid card. Prepaid cards will do nothing to help build up your credit, which is the point of using a credit card if you have bad credit or no credit. Another important item to look at when considering credit cards is the interest rate. While bad credit generally means you will pay higher interest rates, you will still need to consider if you are able to afford high rates if you cannot afford to pay your bill in full right away.
These are 3 of the best credit cards for those who have bad credit:
- Capital One Secured MasterCard
This credit card option does not have an annual fee, nor does it have a processing fee in order to apply for it. The company reports back to the three major credit reporting agencies on a regular basis so that you can see your credit number grow as you use it responsibly. You are able to manage your credit card account online and through a mobile app, giving you convenient access to your account whenever you need to. You will need a deposit to start using this card, which gives you a credit line of $200. It also has a high interest rate if you need to pay it off monthly.
To apply for this credit card, follow this link: Here
- OpenSky Secured Credit Visa Card
This credit card has an annual fee of $29, but it has a lower interest rate unless you miss a payment and does not have a processing fee. You do not need to pass a credit check in order to get this card, making it easier to obtain if you have bad credit. It has monthly reporting to the three major credit bureaus, which helps you get your credit up quicker. After the first year, you will also get a $25 for raising your credit limit. It also requires a security deposit in order to obtain the card, which you will receive when the deposit is made. You do not need a checking account to get this credit card.
To apply for this credit card, follow this link: Here
- First PREMIER Bank MasterCard Credit Card
In order to apply for this credit card, you will need a checking account. You will need to pay a processing fee in order to apply for this card. Your credit limit will depend on your credit, as does any other fees associated with this card. This card reports on a regular basis to credit agencies to help you get a better credit score, making it perfect to build or repair your credit.
To apply for this card, follow this link: Here
Credit cards are one of the easiest ways to rebuild your credit or to start building credit if you are new to credit. Do your research, and pick the right one to suit your needs.