Credit Cards

Credit cards for bad credit: compare the best options

If you have bad credit, it can be tough to find a credit card that's right for you. Compare the best options here and find the one that will help you get your finances back on track!

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Rebuild your credit history with a card for bad credit

Worried Businessman Looking At Computer With Ransomware Word On The Screen At The Workplace (bad credit)
Are there good credit card options for people with bad credit? Source: Adobe Stock.

Anyone looking for good credit cards for bad credit is likely to be faced with a tricky mission. In fact, we know that the best perks and rewards require highly qualified credits.

However, it is possible to find good options for those who do not have a good track record. Call a credit score between 300 (minimum amount) and 669 “bad credit”. If your score is in this range, you should strive to accumulate more points.

What are credit scores? An uncomplicated guide

Did you know that your credit score impacts many parts of your financial life? Learn about the different ranges and how you can start improving your credit score!

Thus, this is possible if you make good use of credit, pay the balance on time and use a percentage of less than 30%. To help you on this journey, it’s important to choose cards that report to credit bureaus.

This is certainly one of the most important factors for anyone looking to build credit. In fact, in this post, we’ve done some of the work for you. To do this, we’ve scoured several options to select the ones that benefit you the most.

The result you will check right now. Check out the list of the best credit card options for bad credit:

Check out the best credit card for bad credit: 6 options

A young woman holds a trowel and mortar as she rebuilds a brick credit card outdoors. The theme is rebuilding or repairing your credit rating.
6 great credit card options for anyone looking to rebuild their history. Source: Adobe Stock.

Get easy access to credit, rebuild your history and enjoy some rewards with the following cards:

Mission Lane Visa® Credit Card

Our first option is a credit card that does not require an initial deposit: Mission Lane Visa® Credit Card. In effect, it is possible to know if you are eligible for that card without further hurting your credit score.

In moments of pre-application, you already have an answer. To increase your initial limit, simply pay your balances on time for six months. Discover other features of this card in the table below:

Credit ScoreBad (from 300 to 669)
Annual FeeFrom $0 to $75
Regular APRFrom 19.49% to 29.99% (variable)
Welcome bonusNone
RewardsNone

Indigo® Platinum Mastercard® Credit Card

In fact, this is a very popular card among people with bad credit. In addition to the initial deposit waiver, another condition attracts many users.

So, this is the information report about your payments to the three biggest credit bureaus in the country. This match makes your credit score improve quickly, all it takes is a responsible use of your credit.

With the pre-approval feature, you can know if you are eligible to receive the card without hurting your credit score. According to the analysis of your profile, the value of your annuity will be decided.

Profiles considered better may pay more interesting rates. Here are other features of this card:

Credit ScoreBad (from 300 to 669)
Annual FeeFrom $0 to $125
Regular APR24.9%-29.9%
Welcome bonusNone
RewardsNone

PREMIER Bankcard® Mastercard® Credit Card

The PREMIER Bankcard® Mastercard® is a card that exists to help people with low credit scores. In effect, this product makes credit accessible to people who could not otherwise obtain it.

Before putting your credit at risk, with a prequalification, you can know if you will be approved or not. Also, in 60 seconds you will have a positive or negative result.

Using less than your total balance and paying it off in a few days, you can easily rebuild your credit. Learn more about this card below:

Credit ScoreBad (500+)
Annual Fee$50 to $125 in the first year, $45 to $49 in subsequent years
Regular APR36%
Welcome bonusNone
RewardsNone

GO2bank card

Happy cheerful smiling young adult man doing online shopping or e-shopping satisfied entrepreneur making online payment paying for service or goods self employed freelancer collecting fee
Learn about some credit card options to get out of bottom credit for more comfortable situations. Source: Adobe Stock.

For those who prefer to build their credit with a debit card, GO2bank is an excellent option. So, with this card, you can advance your salary in up to 2 days. Plus, you can make payments of up to $200 even if you don’t have the funds to do so.

And you can earn 7% cashback on purchases with eGift Cards and see your money earn 10 times more than regular savings. All these advantages without paying a cent of annual fee. Other advantages are in the table below:

Credit ScoreBad (from 300 to 669)
Annual Fee$0
Regular APRN/A
Welcome bonusNone
Rewards7% cashback on eGift purchases through the app

Total Visa® Card

Sometimes, some budget unpredictability can get in the way of building credit. In fact, in these cases, there is a solution: Total Visa® Card. With this card, you can manage monthly payments and have $300 credit at your disposal.

Plus, monthly payment reports sent to the three major credit bureaus make improving your credit much faster. In addition, you will have a card in your wallet that is accepted practically throughout the country.

Other advantages are in the table below, check:

Credit ScoreBad (from 300 to 669)
Annual Fee$75 in the first year, $48 in subsequent years
Regular APR34.99%
Welcome bonusNone
RewardsNone

Milestone® Mastercard

Milestone® Mastercard has very similar characteristics to another card that we have indicated in this list: the Indigo® Platinum Mastercard® credit card. In fact, let’s say Milestone® is a less colorful version.

However, all other resources are here. A pre-qualification, which allows you to know if you are eligible for this card without damaging your credit. A fraud protection system, as well as reporting your credit behavior to credit bureau directors.

Below is a summary table of other features of this product:

Credit ScoreBad (from 300 to 669)
Annual FeeFrom $35 to $75 in the first year, from $35 to $99 in subsequent years
Regular APR24.9%
Welcome bonusNone
RewardsNone

So, we end our list of 6 great credit card options for bad credit. In fact, there are other options in other lists that we have already made on this site that may suit your profile well. Therefore, we strongly recommend this article below:

Woman holding credit card and smartphone outdoors lying down on green lawn headphones on head

Credit cards for new to credit: top 6 options

Top 6 credit cards for new to credit. These cards are perfect if you've started building your credit score and want cashback and more!

About the author  /  José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.

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