Bad credit is one of the concerns of credit card owners. Usually, we know that low credit prevents us from taking a loan. At the same time, it also causes a problem while applying for a credit card. However, there is good news for you. You can find credit cards, available to you, in spite of the low credit. Although these cards do not offer you rich rewards and perks, you may use them for rebuilding your credit. Now, we have listed the best credit cards for bad credit.
Indigo Platinum MasterCard
Had you filed for bankruptcy in the past? Then, Indigo Platinum MasterCard is the best choice for you. Most of the bankruptcy filers know that their bankruptcy details remain on their credit report for more than 7 years.
Fortunately, Indigo Platinum MasterCard would not reject your application for a credit card. You can respond to some pre-qualification questions and check out the chance of approval. You have to pay the monthly balance at the right time. There is no need for any security deposit. The annual charge is also very low. As Indigo Platinum MasterCard has the most forgiving guidelines, you may choose this card.
Credit One Bank Unsecured Visa
Anyone, having bad credit can choose this card. It is not common to get regular rewards with the unsecured cards. However, in this case, there is a chance of earning 1% cash back for your daily purchases (cable services, TV service, mobile service, groceries, and gas). You can find an automatic credit statement as the cashback offers. What is more, the payment due date is adjustable.
OpenSky Secured Visa Credit Card
With this credit card, the credit line ranges from $200 to $3,000. However, you have to make a security deposit. A credit check is not just for the application. That is why you do not need to focus on your credit history to apply for a credit card. The best fact is that the deposit is refundable, and it turns out to be the credit line limit. The annual charge for this card is about $35.
First Access Visa® Card
It is very easy to apply for this credit card. This card is also usable at any place, where Visa is acceptable. There is no need for high credit for getting approval. Once you have the approval, you may pay your Program Fee. While you have paid an additional amount for Expedited Processing, you will get the card within the shortest time.
Green Dot primor® Gold Secured Visa® Credit Card
With a very low credit score (300), you can apply for this card. In addition, the lower interest rate is one of the attractive features of this card. You will not need to pay an application or processing fee. Another reason is that your late payment won’t cause you to face a penalty.
Thus, the above credit cards are available to those who have bad credit. One of the best tricks for you is to maintain a low credit card balance and make the monthly payment at the right time.