Top Credit Cards for Bad Credit: Improve Your Credit Score
Do you have a low credit score? Are you seeking to rebuild your credit so that you can access more bank resources such as a variety of loans? Then you’ve come to the right place. Here, we feature the top credit cards you can choose if you have bad credit. By keeping your credit use low and making your payments on time, your bad credit situation could change for the better. The cards we have picked have less stringent requirements. As such, you can get approved quite easily and begin improving your credit score. You can also start paying down your debt.
Top Credit Cards for poor credit overall
Across the board, our top credit cards pick for 2017 was the Credit One Bank Unsecured Platinum Visa. Most cards that seek to accommodate people with bad credit do not offer any rewards. Surprisingly, this card from Credit One Bank offers one percent cash back on purchases across different categories. Areas you can get cash back include payments for groceries, gas and even services for your mobile phone.
Since this card is unsecured, you do not have to make a security deposit. That could be a lifesaver in case you are running low on money but still want to improve your credit score. Additionally, Credit One Bank reports your account activity to the top three credit bureaus. That way, your credit score will be up to date each month, and you can see it improve over time. With this card, you can also access different credit line increase resources from the bank. You can get a longer credit line, which if used wisely could be a tool to improve your poor credit.
Best Unsecured Cards to Improve your Credit Score
Although the best credit card overall falls under the unsecured category, our pick for the best, unsecured card is the Indigo Platinum Mastercard. Have you ever had a previous bankruptcy? Is your credit in the gutters? Then this card is just for you. Fortunately, you can get pre-qualified for their services. That way, your credit score is not impacted by inquiries stemming from your application for this card. Their quick response rate makes this card very suitable in case you want to take steps to improve your credit score immediately.
With the Indigo Platinum Mastercard, you can easily access your account details online. Their site is mobile-friendly, so do not worry about having to carry a laptop to look up your credit balance while you are on a trip.
Best Secured Credit Cards for bad credit
Do you have some money to spare towards your credit card expenses? Then getting a secured credit card could be the best option for you. Secured cards have better terms, rewards and, in this case, are a prime opportunity to improve your credit. Our top pick in this category is the Discover It Secured Card – No Annual Fee. To qualify for this card, you will need to make a deposit equal to the line of credit you desire. This card accommodates a minimum deposit of $200. Eight months after opening your account with Discover and taking up this card, the bank can review your spending and move you to an unsecured account.
The card offers two percent cash back on spending in restaurants and on gas. Additionally, you will earn one percent cash back on all other purchases. Just like its name states, the card doesn’t charge an annual fee. As such, you do not have to incur an extra cost to improve your credit.
Use one of these credit cards today to transition from a poor credit score to creditworthiness today.
