It is important to have a balanced approach when evaluating credit cards for those with poor credit. Look for features that you are interested in, such credit bureau reporting, fraud protection and credit score access. This will ensure that you get the best card for you. Additionally, avoid paying an annual fee if you want to avoid unpleasant surprises in the future.
Discover it Secured
The Discover it Secured creditcard is one of the best credit cards with no annual fees for people with bad credit. You can receive up $2,500 credit limit with a $200 deposit. In addition, you have many great benefits. The card is also free of annual fees and offers cashback rewards.
One of the best features of the Discover it Secured no annual fee credit cards is that the account will be reviewed after seven months. If your account is active after seven consecutive months, you'll receive a full refund of your security deposit. You will also be able to receive alerts about identity theft.
For rebuilding your credit, a good credit score is crucial. The Discover it Secured no-annual fee credit card offers many advantages. It rewards you for good spending habits and offers generous rewards. It also makes it simple to switch between a secured and unsecured account. Seven months after you open a new account, the company will inspect it to determine whether it's suitable for anunsecured 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 cash+ Visa Secured Card is a great option for anyone who wants to earn cash back on all their purchases. The card offers cash back of 1% and 5% on some categories. 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. You don't have to spend more than you can afford on this card. The cash back rate you get is calculated based on how much you spend.
U.S. Bank's Cash+(r), Visa Secured Card, is a great way to start building credit. It offers cash-back rewards as well as no annual fees. You can also convert easily to an unsecured card. The card also reports to the three 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 zero-annual-fee credit-card for bad credit. It also has a generous credit limit increase of $2700 in a single year. The utilization ratio of your credit card is also reduced, which can lead to a higher credit score. 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 has a credit limit of $550 to $1350. After three months, it doubles to $1100 to $2700. Easy credit card that allows you to build credit. Card reports all your payments to major credit reporting agency monthly. Access to your FICO credit score each month is free.