You can repair your credit score by applying for credit cards if you have a low credit rating. Capital One Secured Mastercard or Discover it Secured are some options. Applied Bank Gold Pr preferred is another option. Capital Bank's subsidiary, Reflex Mastercard offers alternatives to secured cards.
Capital One Secured Masterscard
Capital One Secured Mastercards are a great option for anyone with a 600 credit score or less. This card is for people with poor credit. There's no annual fee. It reports to all three credit agencies and has a low credit limit. It also offers zero fraud liability coverage and fraud protection.
Capital One Secured Mastercard provides many benefits for people with bad or fair credit. It has a zero fraud liability guarantee. You can also get travel assistance, extended warranties, auto rental insurance, and autopay. You also get 24/7 customer service. With this card, you can start rebuilding your credit and build your credit score.
The Capital One Platinum Secured Credit Card has another benefit: a low annual fee and a low refundable deposit. The Capital One Platinum Secured Credit Card's deposit is just $49.00. This is far lower than most other cards. This credit card also has a suite of helpful tools to help you monitor your credit score, payments, and available balance.
It's Secure!
Discover it Secured may be the right credit card for you if you have low credit scores but want to pay a low annual fees. While this card doesn't have an annual fee, it does have fees for balance transfers, cash advances, and returned payment of up to 40 dollars. It also has a high ongoing interest rate.
For the Discover it Secured card, you must deposit $200 minimum in cash. This deposit is not refundable. Additional benefits include unlimited 1% cashback on all purchases and unlimited 2% cash back at gas stations or restaurants. Discover will match the cash back you receive for the first one year. It doesn't have an annual cost.
Your credit history will be considered when the credit card issuer evaluates your application. They will examine your credit history and look at how much you've paid. They may also verify that you have not applied for a credit card in the last 12 months. This could be an indication that you intend to increase your debt. It is not a good idea if you have more debt than your ability to pay off.
Applied Bank Gold Preferred
Applicants with a credit score 600 or above can apply for the Applied Bank Gold preferred credit card. The application process is simple and takes just a few moments. To be approved, you will need to submit your application within 24hrs. A $200 cash reward can be earned by those with good credit scores after they have made a minimum of $1,000 during the first three month.
This card offers several benefits over other options. It is easy to apply for, does not require hard credit checks, and reports payment information to all three major credit bureaus. It's also quite affordable compared to other unsecure credit cards. Although there is no introductory fee, it does come with a long list of additional fees.
Although the annual fee on this credit card is higher than the annual fee for the Open Sky card, the card does have a low interest rate. The Applied Bank Secured Visa Gold Preferred credit card is a more secure alternative for people with a low credit score.