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3 days ago · The DCU Visa® Platinum Secured Credit Card is a secured card for bad credit, but it offers a lower interest rate than many unsecured cards for people with good credit. You must be a member of ...
- What does “bad credit” mean in terms of credit cards?Bad credit is generally defined as a credit score below 630 on a scale of 300 to 850. Credit scores measure how safe or risky it is to lend to some...
- Can I get a credit card if I have bad credit?Multiple credit card issuers have cards specifically designed for people with bad credit. (They’re often advertised as ideal for “rebuilding” credi...
- Is a secured credit card my only option if I have bad credit?A secured card isn't your only option for bad credit — but it's usually your best option. Some card issuers offer regular “unsecured” cards for peo...
- What should I look for in a credit card for bad credit?When looking for a credit card for bad credit, be realistic. You’re not going to find one with rich rewards or lavish perks. You’ll most likely hav...
- What do I need to apply for a credit card for bad credit?You generally need to be at least 18 years old and have a Social Security number to be considered for a credit card. You’ll need to show that you h...
- Picks by Credit Score
- WalletHub’s Credit Card Rating System
- Secured vs. Unsecured Credit Cards For Bad Credit
- What Causes Bad Credit?
- How Much Does Bad Credit Cost?
- Signs You Need A Credit Card For Bad Credit
- How to Fix Bad Credit with A Credit Card
- What's The Easiest Credit Card to Get with Bad Credit?
- Credit Card Mistakes to Avoid When You Have Bad Credit
- Tips For Getting The Best Credit Card For Bad Credit
Fees
1. Annual Membership Fees (2 year average): Cards with $0 in fees receive 10 points, and cards with more than $100 in fees receive 0 points. 2. Total One-time Fees: Cards with no one-time fees receive 5 points, and cards with more than $100 in one-time fees receive 0 points.
Rewards
1. Ongoing Rewards Value (2-year average): Cards with rewards receive 2 points, and cards with no rewards receive 0 points. 2. Two-year Cost (negative amounts indicate savings): Cards projected to save users $150+ receive 50 points, and cards expected to cost users more than $200 receive 0 points.
Interest Rates
1. Regular APR: Cards with an APR of 15% or less receive 8 points, and cards with an APR above 30% receive 0 points.
In most cases, a secured credit card is the best option for someone with bad credit because secured cards are easier to get and much less expensive in the long run than unsecured cards for bad credit. The exception is when you need to borrow money for an emergency expense, since the spending limit on a fully secured card is equal to the amount of y...
Negative information on your credit reports with Experian, Equifax and TransUnion causes bad credit. Negative credit report information is in turn caused by borrowing too much via loans and lines of credit, missing credit and loan payments, and falling significantly behind on other financial obligations. When you make mistakes as a borrower and don...
A bad credit score can easily cost you $1,000+ per year compared to a good score. You’ll have to pay higher interest rates and fees on mortgages, auto loans and credit cards, for example. Insurance will likely cost more, too. Having bad credit can also have a significant opportunity cost. It could prevent you from landing certain jobs or an apartme...
If you check your credit score and find that it’s under 640, and you don’t already have a credit card account that’s in good standing, you need a credit card for bad credit. You can check your current credit score for free right here on WalletHub. Similarly, if you apply for a credit card that requires limited or fair credit at a minimum and you do...
The keys to fixing bad credit with a credit card are to: 1. Make sure you have a credit card that reports information to the three major credit bureaus each month. 2. Don’t miss any due dates. Pay at least the minimum amount due on time each month. 3. Minimize your credit utilization by keeping your balance low. 4. Monitor your progress and adjust ...
The easiest credit card to get with bad credit is a secured credit card with no credit check such as the OpenSky® Plus Secured Visa® Credit Card. No credit check means the credit card company won’t do a hard inquiry into your credit history when you apply, which opens the door to approval regardless of how damaged your credit score may be. To get a...
The biggest credit card mistake to avoid when you have bad credit is not getting a credit card soon enough. Having a credit card account in good standing that reports to the major credit bureaus monthly is the easiest way to add positive information to your credit reports and gradually cover up mistakes from the past. You don’t even need to make pu...
Catch up on late payments. Many credit cards for bad credit won’t approve applicants with recent delinquencies. And there's no point in adding to your obligations if you don’t have your ducks in a...Compare credit card fees. Low-cost credit improvement should be your top priority. One way to keep costs down is to find a card with low (or no) annual fees, monthly fees and one-time fees. Another...Focus on secured cards for high approval odds and low fees. Secured credit cards offer the highest chances of approval because they require you to place a security deposit that acts as your credit...Ignore unsecured cards and interest rates in most cases. You should only get an unsecured credit card for bad credit if you really need to borrow a couple hundred dollars for an emergency expense....- (2.9K)
Apr 16, 2024 · Compare the best credit cards for people with poor or no credit scores, including secured and unsecured options. Learn how to build your credit history and improve your score with these cards.
- India Davis
Apr 16, 2024 · Compare the features, fees and benefits of the best credit cards for bad credit, including secured and unsecured options. Learn how to boost your score and rebuild your credit with these cards.
- 6 min
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1 day ago · Compare secured and unsecured credit cards for bad credit with low APRs, fees and rewards. Find out how to rebuild your credit score with these cards that report to all three bureaus.
Compare secured and unsecured credit cards for bad credit with no annual fees, reasonable APRs and cash rewards. Find out how to build your credit score and upgrade to better cards with LendingTree.
Find out how to get a credit card with bad credit and compare the best options from our partners. Learn how to improve your credit score and avoid high fees and interest rates.
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related to: credit cards for bad creditApply With More Confidence. See Cards You're Pre-Approved for With No Harm to Your Credit. Responsible Card Use May Help You Build Your Credit. Find an Offer That Works for You.
8.0/10 (65648 reviews)
Get Your Credit Score For Free and Let Experian® Match You With the Right Credit Card. Get Personalized Credit Card Offers Based On Your FICO® Score. Get Started For Free Today!
lendingtree.com has been visited by 100K+ users in the past month
Get Low-Interest Personal Loans Up to $50,000. Fast & Easy Form. Fill in One Simple Form & Get The Best Personal Loan Offers for You. Start Now!
