If you have poor credit and are looking for a credit card with low interest rates, you may find that there are several options available. Although you might need a credit card that has a large limit for purchases, you can also make cash withdrawals with some credit cards. Cash withdrawals can be subject to higher fees and rates than purchases so make sure to do your research before you sign any documents.
Capital One Quicksilver Secured Reward Credit Card
Capital One Quicksilver Cash Rewards Credit card may be right for you if you have bad credit. While the APR of this card is fairly high, it's easy to apply online. The report also goes to all three credit organizations.
Capital One Quicksilver Secured card does not require you to have a credit check. It does not impact your credit score, even if it is poor. The card allows you to build credit, and begin earning rewards from certain merchants.
Capital One Quicksilver Secured Credit Card for Business
Capital One could be a good choice for you if you have poor credit. Capital One does not charge an annual fee and offers soft credit checks. However, you should be aware that applying for this card will impact your credit score temporarily. You should still take advantage the no-fee preapproval process.
Capital One Quicksilver Secured Rewards Cash Rewards Credit Card requires $200 minimum deposit. You can increase your credit limit by depositing more. Then, after six months of on-time payments, the company will automatically consider increasing the credit limit.
Wells Fargo Business Credit Card Secured
The Wells Fargo Business Secured Credit Card makes a great choice for anyone with poor credit history. It requires a refundable deposit, and has lower purchase interest rates than other credit cards. It reports to several credit bureaus. This credit card does not come with a sign-up bonus, or any other rewards.
A business secured credit card will require a refundable cash deposit. This serves as the account's limit. The bank will hold the deposit in case the account holder defaults. However, it will report positive activity on the credit bureaus. In certain cases, an upgrade to a regular unsecured credit card for business can be made.
Secured Credit Card from Credit One Quicksilver
Capital One offers Quicksilver Secured Card to people with bad credit. This card requires you to deposit $200 and provides a credit line of up 200 dollars. This card also has the potential to earn back that deposit through statement credits.
With this card, you can earn 1.5% cashback for all your purchases. This card offers a reward system similar to non-secured rewards. You can upgrade credit lines after six months with this card. There is no annual fee.