You can repair your credit score by applying for credit cards if you have a low credit rating. These include Capital One Secured Mastercard and Discover it Secured. Capital Bank has a subsidiary called Reflex Mastercard.
Capital One Secured Mastercard
Capital One Secured Mastercards are a great option for anyone with a 600 credit score or less. This card is free for people with bad credit. It reports to all credit bureaus and has an initial credit limit of only $2,500. It offers fraud protection and zero fraud liability.
Capital One Secured Mastercard offers many benefits to people with good or bad credit. It comes with a Zero Fraud Liability Guarantee and offers travel assistance (autopay), extended warranties, and car rental insurance. You also get 24/7 customer service. This card can help you rebuild your credit, and raise your credit score.
Capital One Platinum Secured Credit Card also has a low annual cost and low refundable deposits. The card's minimum deposit is $49.00. This is significantly lower than other cards. The credit card comes with a range of useful tools that will help you track your credit score and payments.
It's Secure!
If you're looking for a credit card with a low annual fee but have a low credit score, consider Discover it Secured. This card offers no annual fee but does have fees for cash advances, balance transfers, and returned payments of up to $40. The card also offers a high interest rate.
The minimum cash deposit required to get a Discover it Secured MasterCard is $200. This is a non-refundable deposit. Other benefits include a 2% cash back rate at gas stations and restaurants, as well as unlimited 1% cash back on all purchases. Discover will match your cash return for the first 12 months. It doesn't have an annual cost.
Credit card companies will examine your credit history before approving your application. Your credit history, including payment and balance history, will also be considered. You may also be asked if you've applied for new credit cards recently. This could indicate that you are planning to take on more debt. It's never a good idea, if you have more than you can afford to pay off.
Applied Bank Gold Preferred
Applicants who have a 600 credit score or more can apply for the Applied Bank Gold Prreferred credit card. The application process takes only a few minutes and is very simple. You must submit your application within 24 hours in order to receive approval. For those with good credit, $200 cash reward is available after you spend at least $1,000 on purchases in the first 3 months.
This card offers several benefits over other options. It is easy and straightforward to apply for. It is also more affordable than other unsecured cards. There is no initial fee but there are additional fees.
Although the annual fee on this credit card is higher than the annual fee for the Open Sky card, the card does have a low interest rate. People with lower credit scores will find the Applied Bank Secured Visa Gold preferred credit card more secure.