When looking into credit cards that are available to people with poor credit, it is important not to lose sight of the bigger picture. You should ensure that the card has features that are important to your needs, such as credit bureau reporting, fraud protection, credit score access and credit score access. This will ensure your card is a good fit. Look for a card with no annual fees. This will ensure that you don't get any unexpected charges later.
Find it Secure
The Discover it Secured creditcard is one of the best credit cards with no annual fees for people with bad credit. A $200 security deposit will allow you to receive a maximum credit limit of $2,500 and access to many other benefits. There is no annual fee, and you can earn cash back rewards.
The best thing about Discover it Secured credit cards with no annual fees is the ability to have your account reviewed every seven months. If your account is still active after seven months, you will receive a refund of your security deposit. You will also be able to receive alerts about identity theft.
To rebuild credit, you need a good credit card. The Discover it Secured credit card has many benefits. Its rewards program rewards good spending habits. It makes it easy for you to switch from a secured account into an unsecured one. Seven months after you open an account, the company will review it to determine if it's a good candidate for an unsecured card. The security deposit is also returned if the payments are not made on time.
U.S. Bank cash+ (r), Visa(r), Secured Card
U.S. Bank's Cash+ Visa Secured Card can be used by people who want cash back on purchases. The card gives you 5% cashback for certain categories, and 1% for others. The card has no annual fees and you have the option to choose which cashback categories you would like to earn in any given monthly. This card pays cash back based upon the amount you spend on your purchases.
U.S. Bank Secured Visa Cash+(r), Visa Secured Card are great options for building credit. The card offers generous cash-back rewards and no annual fees. It is also easy to convert into an unsecured credit card. The card also reports to the credit bureaus. Furthermore, you will enjoy increased rewards opportunities when you spend in certain bonus areas.
Merrick Bank Double Your Line(r) Mastercard(r)
Merrick Bank offers a No-Annual-Fee Credit Card for Bad Credit with a generous Credit Line Increase of $2700 within one year. This card can also reduce your credit utilization, which can help you improve your credit score over the long-term. Credit cards also report to the major credit reporting agencies every month, which allows you to build your credit history while still making timely payments. Your account is reviewed every year by the bank to ensure you pay on time. If you maintain a good payment record and pay on time, the bank might increase your credit limit.
Merrick Bank Double Your Line MastercardTM credit limits are $550 to $1350. The credit line doubles to $1100-$2,700 after three months. Easy credit card that allows you to build credit. Card reports all your payments to major credit reporting agency monthly. You can also access your FICO credit score for free each month.