There may be several credit cards that are suitable for you if you have bad credit. Some credit cards allow cash withdrawals, while others require you to have a high credit limit. However, these cash withdrawals are subject to different rates and fees than purchases, so it's best to shop around before signing any documents.
Capital One Quicksilver Secured Reward Credit Card
Capital One Quicksilver Credit Card Secured Cash Rewards may be the right card for you, especially if your credit is not good. While the ongoing APR on this card is relatively high, it is also easy to apply online and reports to all three credit bureaus.
While many credit cards require a hard credit check, Capital One offers a soft credit check on the Capital One Quicksilver Secured card. It means that even if your credit score is not perfect, you will still be eligible for the Capital One Quicksilver Secured card. The card allows you to build credit, and begin earning rewards from certain merchants.
Capital One Quicksilver Secured Commercial Credit Card
Capital One can offer you a secured card if your credit is not good. The company offers soft credit checks and does not charge an annual fee. This card may have a temporary impact on your credit score. However, it is worth taking advantage of 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. After six consecutive months of paying on time, the company will automatically increase credit limits.
Wells Fargo Business Credit Card Secured
The Wells Fargo Business Secured Credit Card for people with low or no credit is a great option. It requires a refundable deposit, and has lower purchase interest rates than other credit cards. It also reports to multiple credit agencies. This credit card does not come with a sign-up bonus, or any other rewards.
A business secured bank card requires a refundable deposit of cash that serves as the account’s credit limit. Should the account holder default, the bank will keep the deposit, but will report positive activity to the credit bureaus. In certain cases, an upgrade to a regular unsecured credit card for business can be made.
Secured Credit Card Credit One Quicksilver Credit Card
Capital One offers Quicksilver Secured Card to people with bad credit. This card has a $200 deposit requirement and gives you a credit line up to that amount. This card offers the possibility to earn back the deposit through statement credits.
This card earns you 1.5% cash back for every purchase. This rewards system is comparable to non-secured reward cards. You can upgrade your credit card after six months and there is no annual fee.