A balanced approach is key when you are evaluating credit card options for people with bad credit. Make sure the card features you value, such fraud protection, credit scores access, and credit bureau reports, are available. This will ensure that you get the best card for you. You can also avoid surprises later on by looking for a card without an annual fee.
It's Secure!
The Discover it Credit Card is among the best credit cards without an annual fee for people with bad credit. You can get up to $2,500 credit with a $200 security deposit and many other great benefits. There is no annual fee, and you can earn cash back rewards.
One of the best things about Discover it Secured no-annual fee credit cards is that your account will be reviewed after seven consecutive months. If your account is still active after seven months, you will receive a refund of your security deposit. You will also be able to receive alerts about identity theft.
To rebuild credit, you need a good credit card. The Discover it Secured credit card has many benefits. It rewards you for good spending habits and offers generous rewards. It also makes it easy to transition from a secured account to an unsecured one. Seven months after you open a new account, the company will inspect it to determine whether it's suitable for anunsecured card. The company will also return the security deposit if you fail meet payment obligations.
U.S. Bank cash+ (r), Visa(r), Secured Card
U.S. Bank cash+ Visa Secured Card is a great option for anyone who wants to earn cash back on all their purchases. The card gives you 5% cashback for certain categories, and 1% for others. The card has no annual fees and you have the option to choose which cashback categories you would like to earn in any given monthly. The cash back rate on this card is based on the amount of money you spend on your purchases, so there is no need to worry about spending more than you can afford.
U.S. Bank Cash+(r), Visa Secured Card is an excellent option to help you build credit if your credit card skills are limited. It features generous cash-back rewards, no annual fee, and is easy to convert to an unsecured card. The card also reports directly to the three credit agencies. You'll also enjoy higher rewards opportunities if you spend more in certain bonus category.
Merrick Bank Double Your Line(r) Mastercard(r)
Merrick Bank offers a zero-annual-fee credit-card for bad credit. It also has a generous credit limit increase of $2700 in a single year. This card also lowers the utilization ratio of your credit line, which can help improve your credit score over time. The credit card reports monthly to all three major credit reporting agencies. This allows you to build credit and pay on time. Regular reviews are conducted by the bank after the first year to verify that you are making timely payments. If you make a good payment history on time, the bank may increase your credit limit at a later date.
Merrick Bank Double Your Line MastercardTM has a credit limit of $550 to $1350. After three months, it doubles to $1100 to $2700. You can use this card to build credit. It reports your monthly payments to the major credit reporting agencies. You can also access your FICO credit score for free each month.