Top 6 Credit Cards for Bad Credit You Can Get Today

Top 6 Credit Cards for Bad Credit You Can Get Today

Just because you made a few mistakes and went through a rough patch it does not mean that you are doomed to have bad credit forever. A low credit score can be increased over time and with discipline, as well as with a top?credit repair company.

First of all, you will need to get your credit report and make sure there are no errors. If you find errors work to have those corrected. Once the errors are corrected, you can start making payments on time and to help build up your score and there are several credit cards for bad credit that can be used to help increase your score.

Be aware that the interest on these credit cards for bad credit can be?very high, so you are going to need to keep the balance low. It cannot emphasized enough that more than anything the payments need to be made?on time every month. You will be undoing all the good if you don?t.

There are several companies out there with credit cards for bad credit that are designed to help you rebuild your credit. Many are?secured cards?which is probably the?safest way to go. Do your homework because there are scams out there or even legitimate cards with outrageous fees. Having someone who can check out cards for you would be great.?MyFICO.com?partners with companies and can be of help in this area.

Some digging on the site surprisingly, came up with several credit cards for bad credit that will allow even someone with a score under 600 to get an account.

The accounts must be secured. Secured means that you have a deposit account with a minimum balance and that balance determines what your credit limit will be.

Experts online track the various credit cards available on the market and provide a rating based on the credit card features. These experts weigh in the features offered to consumers such as: the fees, interest rates, and how the individual card compares to the others in that particular category. The ratings for the secured credit cards we will discuss are not in the same category as the cards offered to consumers with a higher credit score or unsecured cards. We will only be reviewing cards with 4 out of 5 stars.

Credit Cards for Bad Credit

1. UNITY Visa Secured Credit Card

It is called ?The comeback card?. It is a secured card that requires a deposit of $250.00-$10,000.00 to begin. The deposit is fully insured by the FIDC. The rates are low and fixed, but there is a $39.00 annual fee. That fee is worth it considering there is no application fee or penalty rate, you are able to use the card anywhere that a Visa is accepted, the company reports to the credit bureaus monthly. It is rated 5 out of 5 stars. The full terms and conditions are available on their website.

2. Open Sky Secured Visa

This card has available limit lines as low as $200.00. The application process includes the application and a $200.00 deposit. There is no credit check and often the application will be approved or rejected within 5 minutes. The annual fee is $29.00 with a report going to the credit bureaus monthly so you would want to make sure your payments are made on time. You can avoid interest charges by paying the balance in full by the due date each month. Open Sky has a 5 stars out of 5 stars rating. Read the full terms and conditions at?www.openskycc.com.

3. Primor Secured Visa Gold Card

The Primor card has a low fixed 9.99% interest rate and no processing or application fees. The annual fees are $49.00. There is no penalty rate for this card. This company also reports to the three nationwide credit bureaus. This card was rated 5 out of 5 stars. You are able to review the full terms and conditions on the?First Choice Bank?website.

4. Primor Secured Visa Classic Card

This primor also has no processing or application fees, but carries a higher interest rate of 13.99%. The classic Visa also reports to all three credit bureaus. It has a $39.00 annual fee. Like the Gold Visa, it also carries a 5 Star rating. The Classic Secured has its own application on the?First Choice Bank website. The terms and conditions for the Classic may be different than the Secured Visa Gold, so be sure to read all of the information on both sites.

5. First Progress Platinum Prestige Secured MasterCard?

This credit card has no requirement for credit history or minimum Credit Score. It also reports to the three major companies monthly. There is a $300.00 – $2,000.00 fully-refundable deposit and a checking account to apply. The expediting the processing is an option that is available. The application is quick and can be done completely online. You can use the card anywhere that Visa is accepted; however, it is not available in New York, Iowa, Arkansas, or Wisconsin, as of this publication date. You can check the website for any updates. There is 24/7 access to your online account and you are able to pay off the balance and get a full refund of your deposit at any time. The annual fee is $44.00 and it has a 4 out of 5 star rating. As with any credit account it is important to read the full terms and conditions at?www.firstprogress.com.

6. First National Bank Secured Visa Card

‘The Kickstart?s’?annual fee is only $29.00 probably the lowest of the cards reviewed. There is no charge for receiving your FICO 8 Bankcard Score. It is a ?stepping stone? to credit all you need is an upfront deposit of $300.00-$5,000.00 deposit which determines your credit limit. The account is subject to a credit check. This card does report to the three major bureaus and they warn that how you use the card determines how it will affect your FICO score. The cardholder may qualify for additional unsecured credit without an additional deposit after seven months, and after eleven months you could qualify to apply for an unsecured account and receive your deposit back. The First Nation card can be used anywhere Visa credit cards are accepted. This card carries a 4 out of 5 star rating. You can ?meet??Kickstart?and review the terms and conditions on the website.

These are just a few of the credit cards for bad credit that you can use as a tool to rebuild your credit. Making payments on time counts for 35% of your FICO score so it is vital that you make your payments on time. Because these are cards for people with bad credit these are secured, so it will require an investment on you part. None of these options will change your score overnight.

It is a slow process to rebuild your credit, but have no fear: there is a second chance for you!

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