Credit Cards

Credit cards for poor credit: find the perfect option

Discover 5 credit card options for those who need to go from bad credit to a higher level. Choose the perfect card for you!

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Improve your financial life with a credit card for poor credit

Stressed young sitting Asian woman hands holding credit card and bills worry about find money to pay credit card debt and all loan bills. She is feeling stressful. Financial problem concept.
Discover 5 credit card options that can help you rebuild your credit and improve your score. Source: Adobe Stock

We don’t know if it was due to lack of experience in managing your money or an emergency situation. The fact is, you are among the people who need credit cards for poor credit.

First of all, it’s important that you don’t feel like the worst person in the world. In fact, among Americans, 1 in 10 is in a situation similar to yours. And you are one step ahead of them!

That’s because you’ve just clicked on a site with precious information to rebuild your credit. So, one of the main steps is to find a credit card that allows you to improve your history.

In fact, we saved your work. You don’t need to visit hundreds of systems to find a good option. We’ve already done that for you and the result is here below.

So read, analyze, compare and find the best option for you here and now!

Woman and hands with credit cards on color background

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Choose between the best credit cards for poor credit: top 5 options

Businesswoman opening Credit report document in letter envelope concept
Check out the list of the best credit cards for poor credit. Source: Adobe Stock

The key to improving your track record is choosing cards that report your payments to major credit bureaus. Below, check out 5 options with this feature.

First Progress Platinum Elite Mastercard® Secured Credit Card

For some, The First Progress Platinum Elite Mastercard® Secured credit card is a gateway to credit. For others, it’s a chance to start over. In fact, this card does not look at your score or history.

Furthermore, even people who have gone through bankruptcy proceedings already paid off can start over with this card. It reports monthly to the country’s three largest credit bureaus.

Thus, the mission of rebuilding your credit becomes much easier. In addition, this option allows you to track the growth of your credit score in real time.

At the beginning, you can have a line of credit from $200 to $2,000, the bigger your deposit, the bigger this amount. Learn about other advantages of this card in the table below:

Credit ScoreLimited/bad/poor credit (below 670)
Annual Fee$29
Regular APR22.99% (V) for Purchases; 27.99% (V) for Cash Advances
Welcome bonusNone
RewardsNone

First Progress Platinum Prestige Mastercard® Secured Credit Card

The First Progress Platinum Prestige Mastercard® Secured credit card is like a “sister” to the previously introduced card. In fact, they are practically twins.

Access to a $200 to $2,000 limit, monthly report submissions to the top three credit bureaus, and credit score consulting are also here.

However, there are differences when fees are charged under this option. If you think this option is better, you can opt for it. Finally, the conditions of not consulting the history also remain.

So, look at the table below and compare it with the previous one to better understand the differences between these options:

Credit ScoreLimited/bad/poor credit (below 670)
Annual Fee$49
Regular APR12.99% for purchases (variable) and 21.99% APR for cash advances (variable)
Welcome bonusNone
RewardsNone

First Progress Platinum Select Mastercard® Secured Credit Card

Another member of the First Progress Platinum family is the First Progress Platinum Select Mastercard® Secured credit card. As we said before, both of these three have the same advantages.

In fact, the difference is in the rate that each actually charges. In terms of APR and annual fee, the Select model is the middle-of-the-road option. This information is clearer in the table below. See and compare:

Credit ScoreLimited/bad/poor credit (below 670)
Annual Fee$39
Regular APR16.99% (variable for purchases); and 22.99% (variable for cash advances)
Welcome bonusNone
RewardsNone

Merrick Bank Secured Visa®

Merrick Bank Secured Visa® gives you the option to rebuild your credit at your own pace. To do this, it gives you a credit for your first deposit, which can range from $200 to $3,000.

Also, if you make a new deposit, you will have more credit up to the stipulated limit of $3,000. This card also reports to the three largest credit bureaus. So, just pay your balance on time to see your credit gradually increase.

After 9 months of good use, you can qualify for a credit boost without having to make any new deposits. Merrick Bank Secured Visa® also allows you to check your credit score every month.

Finally, this card offers its customers an exemption from liability in cases of fraud. See the table below for more information:

Credit ScoreLimited/bad/poor credit (below 670)
Annual Fee$36 in the first year, in subsequent years there remains a monthly payment of $3
Regular APR17.70% (variable)
Welcome bonusNone
RewardsNone

Credit One Bank® Platinum Visa® for Rebuilding Credit

Photo of young handsome careless guy throwing money banknotes away, wealthy person wear sun specs casual t-shirt isolated bright yellow color background
Meet Credit One Bank® Platinum Visa® for Rebuilding Credit: the card that pays you 1% cashback while you recover your credit. Source: Adobe Stock.

Rebuild your credit while earning rewards in a cashback program. In fact, there are rare card options to build credit where you can earn rewards.

Without a doubt, this is a great advantage of having a Credit One Bank® Platinum Visa® for Rebuilding Credit. The rewards program refunds 1% of the value of your eligible purchases for gasoline, groceries, phone and internet.

Cable TV services are also included in this package. To help you rebuild your credit, your payments are reported to major credit bureaus. This card also exempts its customers from liability in the event of fraud.

Other advantages are in the table below:

Credit ScoreLimited/bad/poor credit (below 670)
Annual Fee$75 for the first year, subsequent years are charged an amount of $99 paid in monthly installments of $8.25
Regular APR24.24% (variable)
Welcome bonusNone
Rewards1% cashback on eligible purchases of gasoline, groceries (excludes purchases at supermarkets, drugstores, convenience stores, smaller bakeries, sweets, nuts or confectionery stores), mobile phone service and internet service, cable and satellite TV

Thus, we finalize our list of credit cards for bad credit. Now, it’s your turn to analyze the options and decide which one is best for you. However, a good card will not solve your problem alone.

On our blog, we have an article with other tips to improve your credit faster. Then click on the link below and check it out!

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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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