It is important to have a balanced approach when evaluating credit cards for those with poor credit. Make sure that the card you choose offers credit bureau reporting and fraud protection. This will ensure that your card works well. Also, look for a card that doesn't charge an annual fee, which means you can avoid any surprises down the road.
You can find it secured
The Discover it Secured credit card is among the best no annual fee credit cards for bad credit. With a $200 Security Deposit, you can get upto $2,500 credit and other great benefits. There is no annual fee, and you can earn cash back rewards.
One of the best things about Discover it Secured no-annual fee credit cards is that your account will be reviewed after seven consecutive months. Your security deposit will be refunded if your account remains active after seven month. You will also be eligible for alerts concerning identity theft.
It is important to have a credit card that you can trust. Discover it Secured has no annual fees and offers many benefits. It rewards you for good spending habits and offers generous rewards. It's also easy to change from a secure account to an unsecure one. Seven months after you open a new account, the company will inspect it to determine whether it's suitable for anunsecured card. If you don't meet the payment requirements, the company will return your security deposit.
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. You don't need to pay an annual fee. Additionally, you can choose which cash-back categories you want in any given month. This card pays cash back based upon the amount you spend on your purchases.
The U.S. Bank cash+(r) Visa Secured Card can be a great choice for credit building if you are a beginner with credit cards. You can convert it to an unsecured card easily, earn cash back, and there is no annual fee. 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. You can also build your credit history and make on-time payments by reporting to the credit card. After your first year, the bank will conduct regular reviews to ensure that you are paying your bills on time. If you keep good payments on time, the bank could increase your credit limit.
Merrick Bank Double Your Line MastercardTM allows you to open credit lines from $550 up to $1350. After three month, your credit line will double to $1100 to 2,700. This credit card is great for building credit. The card automatically reports your payments to all three major credit reporting agencies each month. Access to your FICO credit score each month is free.