These are the best credit cards for people with bad credit

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If you’ve made missteps with your credit in the past, all is not lost. Although you usually can’t receive approval for the credit cards that offer the most rewards and benefits, you can still start taking steps to rebuild your credit by applying for a credit card for people with bad credit. credit or not. credit history.

Generally, you have two options if you have bad credit: secured cards and unsecured cards. A The secured card will give you slightly better terms, but you’ll need to put down a deposit equal to your line of credit to get started. If you later decide to close your account and it is in good standing or you switch to an unsecured card, your deposit will be returned to you. If you don’t want to post a deposit, there are unsecured cards for people with bad credit, but these cards usually have higher interest rates and often charge other fees.

Because of these higher fees and generally less favorable terms, we generally recommend a secured card if you have bad credit, but we also list some of the best insecure options available.

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Discover it Secure card

The Discover it Secure Card is one of our top picks for those with bad credit because in addition to not charging an annual fee, it offers rewards on all eligible purchases and a sign-up bonus in the form of a Cashback Match (Discover will match all cashback earned during your first year as a cardholder at the end of that First year). Discover will regularly review your account to see if you qualify to upgrade to an unsecured account and get your deposit back.

OpenSky Secure Visa Card

The OpenSky Secured Visa Card does not require a credit check to apply, so it may be a good option if you have a history of credit errors. However, this card does not offer rewards and charges an annual fee of $35.

Secure Navy FCU nRewards Visa Card

You’ll need to be eligible to join the Navy Federal Credit Union to apply for the Navy FCU nRewards Secure Visa Card, but if you can, it’s a good option to consider. It charges no annual fee and offers rewards on all purchases. In addition, those who pay their mobile phone bill with this card can benefit from mobile phone insurance.

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Visa Petal 1 card “no annual fee”

The “no annual fee” Visa Petal 1 card is one of the few unsecured cards available to those with bad or no credit. However, those who have a bankruptcy or a past missed payment history may not qualify for this card. It offers 2% to 10% back in rewards at select merchants, does not offer a welcome bonus, and does not charge an annual fee.

Tomo credit card

Those without a credit history in the United States can benefit the most from the Tomo credit card, as it is not necessary to have a credit history in the United States to be eligible for the card. Those interested in applying will need to provide Tomo with their salary information, and Tomo may take into account other financial considerations, as well. This card offers cash back on all purchases and does not charge an annual fee.

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