Low fixed No minimum credit score requirements! We invite all credit types to apply! No processing or application fees! Helps strengthen your credit with responsible card use. Reports to three national bureaus. Super Low Fixed 9. Excellent opportunity for someone starting a credit history or for someone who has been turned down for a credit card. Simply open a secured savings account that is pledged as security for your credit card account.
Merchants and retailers won t know your card is secured when you use it to make purchases. Provides an excellent opportunity for someone starting a credit history or for someone who has been turned down for a credit card. Merchants and retailers won't know your card is secured when you use it to make purchases. The Heritage Credit Card is a no frills credit card great for those just getting started with credit or those looking to consolidate higher interest rate balances.
CreditCards.com's Best Credit Cards for Bad Credit
Consumer Credit cards also come with a variety of important features, including: extended warranty coverage, auto rental collision damage waiver coverage and zero fraud liability. Advertiser disclosure. See offers from our partners below. Get your free credit score. Start rebuilding with one of these credit cards for people with bad credit, some of which are from our partners.
These cards require a cash security deposit, which will usually be equal to your credit line. Filters No annual fee. More filters. Other fees. No balance transfer fee.
No foreign transaction fee. Card network. Multiple credit card issuers have cards specifically designed for people with bad credit.
NerdWallet generally recommends secured credit cards to people with bad credit. You get that money back when you close your account in good standing or upgrade to a regular card. A secured card isn't your only option for bad credit — but it's usually your best option. When looking for a credit card for bad credit, be realistic. And your credit limit will likely be small; secured cards usually give you a credit line equal to your deposit. Beyond that, look at:.
You generally need to be at least 18 years old and have a Social Security number to be considered for a credit card. Read more about qualifying for a card for bad credit. Show summary. Our pick for Low deposit. Add to compare. Apply Now. Annual Fee. Recommended Credit Score. See your approval odds. Why We Like It. Product Details. Pros Most secured cards typically require you to make a deposit equal to your credit line, and you have to come up with the whole deposit upfront. You can also make your deposit in installments.
If you make your first five payments on time, you may be eligible for a higher credit line without depositing additional money. Cons People with severely damaged credit, such as a bankruptcy on their credit report, might not qualify. You must have a checking or savings account.
Best Credit Cards for Bad Credit
Get Pre-Qualified. Our pick for No credit check. You can make your deposit and pay your bill by debit card, wire transfer, check or money order. Cons The card charges an annual fee. No credit check necessary to apply. OpenSky believes in giving an opportunity to everyone. Build credit quickly. OpenSky reports to all 3 major credit bureaus. Our pick for Rewards and upgrading.
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The rewards and other features on this secured card for bad credit are better than those on many unsecured cards for good credit. Handle your account responsibly for eight months, and Discover will review your account for a possible upgrade to an unsecured card. No Annual Fee, earn cash back, and build your credit with responsible use. It's a real credit card.
You can build a credit history with the three major credit bureaus.
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Generally, debit and prepaid cards can't help you build a credit history. Bank information must be provided when submitting your deposit. Automatic reviews starting at 8 months to see if we can transition you to an unsecured line of credit and return your deposit. Get an alert if we find your Social Security number on any of thousands of Dark Web sites.
View Rates and Fees. Our pick for Low interest and fees. Read review. Pros The ongoing APR is Our pick for Lowest interest rate.
There's also no penalty rate if you pay late. The ongoing APR is Super Low Fixed 9. No minimum credit score requirements! We invite all credit types to apply! No processing or application fees!
Helps strengthen your credit with responsible card use. Reports to three national bureaus Fast, easy application process. Choose your credit line and open your Personal Savings Deposit Account to secure your line. Our pick for Adjustable credit limit. Most secured cards either don't allow you to add to your deposit or make you apply for a credit limit increase.
Your deposit also earns interest. Accrued Interest on Savings - The money in your savings account will earn interest, adding to your savings. Automatic Reporting - We'll report your performance to the three major credit bureaus to help you build a credit history.