There may be several credit cards that are suitable for you if you have bad credit. There are some credit cards with poor credit that allow cash withdrawals. But, cash withdrawals have different rates and fees to purchases, so you should do some research before signing any documents.
Capital One Quicksilver Secured Reward Credit Card
The Capital One Quicksilver Secured Rewards Credit Card is a good choice if you have poor credit or are looking for a credit card that will help you rebuild your credit. Although the APR is high, you can apply online for this card and it reports to all three credit bureaus.
Capital One Quicksilver Secured card does not require you to have a credit check. This means that you won't lose your credit score if you have bad or no credit. You can build credit and earn rewards at select merchants with this card.
Capital One Quicksilver Business Credit Card
Capital One offers a secured credit line for those with poor credit. The company offers soft credit checks and does not charge an annual fee. This card may have a temporary impact on your credit score. The card's pre-approval is free and you should use it.
Capital One Quicksilver Secured Credit Rewards Credit Card Requires a Minimum Deposit of $200 You can obtain a higher credit limit by making a higher deposit. After six months of regular payments, the company will automatically increase the credit limit.
Wells Fargo Business Secured Credit Card
A Wells Fargo Business Secured Credit Card can be a great choice for someone with bad credit or no credit history. You will need to deposit a non-refundable amount and it has lower APRs than average 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. The bank can keep the deposit and report positive activity to credit bureaus if the account holder defaults. In certain instances, the account holder may be upgraded to a regular, unsecured business credit line.
Credit One Secured Credit card
Capital One offers a Quicksilver Secured credit card for people with poor credit. This card requires you to deposit $200 and provides a credit line of up 200 dollars. You can also earn your deposit back through statement credits.
This card earns you 1.5% cash back for every purchase. This reward system is very similar to that offered by non-secured cards. This card has no annual fee, and you can upgrade your credit line after six months.