Credit Cards For Bad Credit

Credit cards for bad credit can help you to rebuild your scores even if you have emerged from bankruptcy, have multiple charge offs, late medical bills, collection, delinquent accounts, liens and late payments. You will find both unsecured credit cards (which require no security deposit, but frequently has other fees) and secured credit cards (which require a deposit, but has minimal fees) below. Use the filters to narrow down unsecured credit cards, secured cards, no credit checks credit cards and other criteria to find the right card for you. Some cards require at least 550, 575 or 600 credit scores, while others will approve you even with 400 scores. You should check the credit score required under each card and research and apply accordingly because some issuers require higher score than others. We suggest you get cards with reasonable (or no) annual fees and avoid those which charge one-time processing fees, application fee and monthly maintenance fees. Remember to keep your credit utilization rate low, pay your bills on time and preferably in full and your activity will be positively reported to the major credit bureaus. Gook luck with your rebuilding efforts.

List of Subprime Credit Cards

Fingerhut Credit Account

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Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 24.9%*(V) 
24.9%*(V) 
Credit Limit: $200-$500 
$200-$500 
Credit Needed: Bad 400-600 
Bad 400-600 
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Indigo® Platinum Mastercard® Credit Card

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Annual Fee: $0 to $99 
$0 to $99 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 23.9%*(V) 
23.9%*(V) 
Credit Limit: $300 
$300 
Credit Needed: 540-680 
540-680 
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Milestone Mastercard®

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Annual Fee: $35 to $99 
$35 to $99 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 23.9%*(V) 
23.9%*(V) 
Credit Limit: $300 
$300 
Credit Needed: 540-680 
540-680 
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OpenSky® Secured Visa® Credit Card

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Annual Fee: $35 
$35 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 19.14%*V 
19.14%*V 
Credit Limit: $200 to $3,000 
$200 to $3,000 
Credit Needed: No Credit 
No Credit 
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Credit One Bank® Platinum Visa® For Rebuilding Credit

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Annual Fee: $0 to $99 
$0 to $99 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 19.74% to 25.74%*(V) 
19.74% to 25.74%*(V) 
Credit Limit: $300 
$300 
Credit Needed: Bad >600 
Bad >600 
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NASCAR® Credit Card from Credit One Bank®

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Annual Fee: $0 to $99 
$0 to $99 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 19.74% to 25.74%*(V) 
19.74% to 25.74%*(V) 
Credit Limit: $300 
$300 
Credit Needed: Bad >600 
Bad >600 
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The First Latitude Mastercard® Secured Credit Card

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Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 26.24%*V 
26.24%*V 
Credit Limit: $200-$5,000 
$200-$5,000 
Credit Needed: No Credit 
No Credit 
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Horizon Gold

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Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $24.95 
$24.95 
APR: 0% 
0% 
Credit Limit: $500 Limit 
$500 Limit 
Credit Needed: Damaged-Fair 
Damaged-Fair 
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Freedom Gold Card

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Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $24.95 
$24.95 
APR: 0% 
0% 
Credit Limit: $500 Limit 
$500 Limit 
Credit Needed: Damaged-Fair 
Damaged-Fair 
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Net First Platinum

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Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $24.95 
$24.95 
APR: 0% 
0% 
Credit Limit: $500 Limit 
$500 Limit 
Credit Needed: Damaged-Fair 
Damaged-Fair 
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Next Millennium Card

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Picture of Item Reviewed
Annual Fee: $0 
$0 
Application Fee: $29.95 
$29.95 
Monthly Fee: $19.95 
$19.95 
APR: 0% 
0% 
Credit Limit: $1,000 
$1,000 
Credit Needed: Bad 400-600 
Bad 400-600 
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Unique Platinum

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Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $24.95 
$24.95 
APR: 0% 
0% 
Credit Limit: $1,000 
$1,000 
Credit Needed: Bad 400-600 
Bad 400-600 
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Vast Platinum

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Picture of Item Reviewed
Annual Fee: $0 
$0 
Application Fee: $29.95 
$29.95 
Monthly Fee: $19.95 
$19.95 
APR: 0% 
0% 
Credit Limit: $1,000 
$1,000 
Credit Needed: Bad 400-600 
Bad 400-600 
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Blaze MasterCard

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Annual Fee: $19, $50 or $75 
$19, $50 or $75 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 22.15% or 29.9% 
22.15% or 29.9% 
Credit Limit: $300 to $1,500 
$300 to $1,500 
Credit Needed: Bad >600 
Bad >600 
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Fit MasterCard®

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Annual Fee: $125 (Y1)-->$95 
$125 (Y1)-->$95 
Application Fee: $0 
$0 
Monthly Fee: $0 (Y1)-->$10 
$0 (Y1)-->$10 
APR: 30.49%*(V) 
30.49%*(V) 
Credit Limit: $500 
$500 
Credit Needed: 540-680 
540-680 
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Reflex MasterCard

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Annual Fee: $125 (Y1)-->$95 
$125 (Y1)-->$95 
Application Fee: $0 
$0 
Monthly Fee: $0 (Y1)-->$10 
$0 (Y1)-->$10 
APR: 30.49%*(V) 
30.49%*(V) 
Credit Limit: $500 
$500 
Credit Needed: 540-680 
540-680 
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Surge MasterCard

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Annual Fee: $125 (Y1)-->$95 
$125 (Y1)-->$95 
Application Fee: $0 
$0 
Monthly Fee: $0 (Y1)-->$10 
$0 (Y1)-->$10 
APR: 30.24%*(V) 
30.24%*(V) 
Credit Limit: $500 
$500 
Credit Needed: 540-680 
540-680 
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Verve Credit Card

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Annual Fee: $125 (Y1)-->$95 
$125 (Y1)-->$95 
Application Fee: $0 
$0 
Monthly Fee: $0 (Y1)-->$10 
$0 (Y1)-->$10 
APR: 29.9%* (V) 
29.9%* (V) 
Credit Limit: $500 
$500 
Credit Needed: 540-680 
540-680 
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Total Visa® Unsecured Credit Card

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Annual Fee: $75 (Y1)-->$48 
$75 (Y1)-->$48 
Application Fee: $89 
$89 
Monthly Fee: $0 (Y1)-->$6.25 
$0 (Y1)-->$6.25 
APR: 29.99%*(V) 
29.99%*(V) 
Credit Limit: $300 
$300 
Credit Needed: 540-680 
540-680 
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Lendup L Card Preferred

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Annual Fee: $0 to $60 
$0 to $60 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 20.99% to 30.99%*V 
20.99% to 30.99%*V 
Credit Limit:  
 
Credit Needed: Bad >600 
Bad >600 
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Top Rated Credit Cards For Poor Credit

Below are cards you could consider to help rebuild your credit. While there are lots of cards and "credit account" available, the cards and issuers we have highlighted have the least fees and generally more reasonable rates.

  1. Fingerhut Credit Account
  2. Indigo® Platinum MasterCard®
  3. Milestone®
  4. Opensky® Secured Visa® Card
  5. Credit One Bank® Platinum Visa®
  6. NASCAR® Credit Card from Credit One Bank®


Frequently Asked Questions About Bad Credit Cards

 

What is a bad credit score?

As a rule of thumb, a credit score of 650 and below is considered bad. Credit scores in the 400s are really bad and probably means you will only get approved for certain secured credit cards.

Can I get a credit card with a 550 score?

Yes you can. And you could probably get an unsecured credit card as well. You can consider unsecured credit cards like Fingerhut, Indigo and Credit One.
 

What credit cards are good for bad credit?

If your credit is bad, there are actually a few different types of credit cards that will approve you. Secured credit cards are a good place to start if your scores are in the low 500s or 400s (you do need to put a deposit to start a secured card). Some good suggestions include Discover and Capital One. If you are denied these, then First Latitude Mastercard and Opensky are cards that offer no credit checks.

You can also get unsecured credit cards. This normally works if your credit score is about 550 area. Beware that many unsecured credit cards targeting bad credit folks have lots of fees like annual fee, monthly fees and application or processing fees. Choose one that only charges an annual fee and avoid those that pile on the fees (read the terms and conditions carefully). Unsecured credit cards with reasonable fees include Credit One and Indigo.

There are also online store credit cards that can help you build credit. For example, Fingerhut offers credit accounts to customers with no annual fee and is another tool you can use to rebuild your credit.

Which credit cards are easiest to get?

This is a tough question and it depends on many things. Having said that, credit cards that do not not check your credit are easiest to get. For example, in the secured credit card space, both First Latitude Mastercard and Opensky do not check your credit and you will approved as long as you fill in your application correctly and actually deposit your security deposit with them.

Applicants for Fingerhut from our site also appear to have good success of approval.

Your chances of getting approved increases if you have income, and if you have been paying your bills on time for at least 6 months to a year (no recent late payments or charge offs).

How do I rebuild my credit if I have bad credit?

1) Fix your cash flow situation. You got into this situation because you cannot make your payments, missed your payments due to cash flow. Sort that out by budgeting and increasing your income.

2). Deal with you charge off accounts. Dealing with them is one of the quickest way to rebuild your credit and scores.

3). Get new credit accounts and use them responsibly. Paying your mortgage, student loan and auto loans on time helps you to rebuild your credit. For credit cards, use only 25% of your available credit and pay off your bills in full and on time every month.
 

Can you get a credit card without a bank account?

For the most parts no because you need a bank account to pay your bills. However, there are issuers like Opensky that allows you to pay with a debit card (including funding your deposit).

Do you have to have a credit card to rebuild credit?

No, if you pay your mortgage, student loans or auto loans on time, you will build or rebuild your credit. Having said that, you may not have a mortgage or you do not need a car. In that case, getting a credit card is the easiest way to obtain credit and rebuild your credit.

How long does it take to get a credit card once approved?

Usually between 7-14 days.

What does it mean to have an unsecured credit card?

Having a unsecured credit card means that you do not have to put up a deposit to "secure your limit". All prime cards are unsecured. When you apply, you may get a credit limit from $500 to $25,000 depending on your credit score and income. However, unsecured credit cards for bad credit are different from prime cards. Your starting limit is usually between $300 and $500. Such cards usually charge additional fees in addition to an annual fee.
 

Is it better to have a secured or unsecured credit cards for bad credit?

Both secured and unsecured credit cards are useful in helping you rebuild your credit. Some people have just used secured credit cards to rebuild. You could use secured credit cards until your score reaches 700 and get a prime unsecured card. Some folks do not use secured credit cards and just apply for unsecured credit cards for bad credit folks. Many people also use both secured and unsecured credit cards to successfully rebuild their credit.

The main difference is that with a secured card, you need to put up a security deposit whereas there is no need for a deposit when you get an unsecured credit card.
 

 

 

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