Recommended Credit Cards For Bad Credit Folks - 2018

Credit One Bank Platinum Visa For Rebuilding Credit

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Editor's Review

Back before the financial crisis in 2008, there were lots of issuers who targeted the sub-prime market. But these days, they are hardly anyone (except those who issue prepaid cards). Credit One seems to be an exception and has an offering with reasonable annual fees and rates. In addition, you also earn rewards for spending at gas stations (which is another rarity among sub-prime cards).

First Progress Secured MasterCard

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Editor's Review

For folks with bad credit, one of the most cost effective way to build up your credit is to get a secured credit cards. Though many banks issue them, many will only accept applicants with no credit history but reject those with a bad score. This card is specifically targeted to those with not so stellar scores who are looking to build up their scores again. The annual fee and rates are very reasonable.

Open Sky Secured Visa Card

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Editor's Review

Here is another secured card that is specifically targeted at those who want to rebuild their credit. The annual fee of $39 and regular APR of 14.99% is very reasonable for applicants. The most important point however, is that it reports to the three credit bureaus (which is key if you want to rebuild your credit).

USAA Secured Platinum Card

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Editor's Review

USAA financial products are primarily geared towards members of the military. Their credit cards have an outstanding reputation for quality customer service. They have 2 secured cards in their portfolio. The first is this one and the other being an American Express version. With a $35 annual fee and a variable rate of 9.9%, card members will be able to enjoy a very good rate as well as a decent fee. The minimum deposit you have to make is $250 into a 2 year CD (which earns interest).