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3 Most Popular Credit Cards For People With Bad Credit

3 Most Popular Cards For Bad Credit

Editorial Disclosure: Editorial content, including card comparisons and card reviews are not provided or commissioned by the credit card issuer. Opinions expressed here are the author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Creditcards.org may be compensated through Affiliate Programs for referrals.

• Posted: July 17, 2015 • Updated: July 27, 2016

Individuals with bad credit history often find it difficult to secure a new credit card and without actively trying, a bad credit rating will not disappear on its own. However, there are certain types of credit cards on the market, which are specifically meant for people with bad credit. By using these credit cards responsibly by making on time payments to all your creditors and keep your account balances low relative to the credit limit, you can improve your credit rating overtime. There are fewer options for those who have tarnished credit, but it’s not hopeless. We have assembled our top three cards from our partners.

1. Capital One® Secured MasterCard® 1. Capital One® Secured MasterCard®
This is a secured credit card offered by Capital One, which requires making a security deposit. A great card for helping to assist you in rebuilding your credit, there are no annual fees or any hidden charges associated with this card. If you are unfamiliar with how secured cards work, please read more here.

While this card has a fairly high variable APR and there are no associated rewards, those are a minimal price to pay for someone trying to get their credit back on track. The Capital One® Secured MasterCard® also offers one of the lowest required deposits. Other secured cards can require up to $500 to get a line of credit. If payments are made on time, users can also expect to see an increase in their credit lines.

Card Highlights
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  • No annual fee, and all the credit building benefits with responsible card use
  • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
  • You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness
  • Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
  • It’s a credit card accepted at millions of locations worldwide

 

2. First PREMIER® Bank MasterCard®
The First PREMIER® Bank MasterCard® is an unsecured credit card which requires no security deposit and is specially targeted to those with poor credit. This card is a fee based product. Some of the fees that accompany this card are annual fees, monthly fees, a one-time processing fee and a fairly high APR.

While this card certainly carries some steep fees, any individual, even those with poor credit ratings are eligible for this card. By using this card properly, and by making on time payments to all your creditors and keeping account balances low relative to the credit limit- users can definitely work towards improving credit ratings and also increase credit lines over time. It should be noted that the First PREMIER® Bank MasterCard® is one of our most applied for credit cards.

Card Highlights
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  • Checking Account Required
  • We may approve those currently building their credit history
  • All credit types welcome to apply!
  • Looking for a second chance at a credit card? We may approve you when others will not.
  • The First PREMIER Bank MasterCard is a good addition to your credit options.
  • The activity on our manageable credit limit products is reported to all major Consumer Reporting Agencies on a monthly basis.
  • Good credit not required

 

3. Credit One Platinum Visa® Cash Back Rewards Credit Card 3. Credit One Platinum Visa® Cash Back Rewards Credit Card
An unsecured credit card offered by Credit One Bank, this card offers benefits better than most unsecured credit cards on the market, such as cash back offers on gas and grocery purchases. While this card has no hidden charges, it does have an annual fee and a fairly high ARP.

This card also features zero liability against fraud and anybody can get pre-qualified for this credit card, regardless of credit scores. An excellent option for those with poor credit, proper usage of this card not only offers rewards, but also offers an increase in credit line.

Card Highlights
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  • 1% cash back on gas & groceries, terms apply
  • See if you Pre-Qualify without harming your credit score
  • This is a fully unsecured credit card with no deposit requirement
  • Flexible payment date to assist you in making your payments on time
  • Automatic reviews for credit line increase opportunities

To view all of our cards for people with bad credit, click here >>

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