Compare Credit Card Applications for Bad Credit

If you have poor credit, you may grab any credit card that comes along to help you. However, this can quickly lead to disaster because there are a lot of bad credit cards available. You must research cards designed for less than perfect credit scores. This can help you make the best of a bad situation.

No matter what card you choose, you should expect to pay higher interest rates. This is because the lender sees you as a risk, and they want to protect themselves. If your credit is really bad, the only option may be a secured card. This is a more restrictive credit card, but it’ll help.

A lot of these types of cards also have a lower credit limit. You have to prove that you can handle using a credit card responsibly. It’s also a chance to work on your spending habits and modify them. Make sure that your card reports to all three credit bureaus. This way, your score will increase as you make your payments.

Use Credit Cards for Poor Credit to Build Credit and Then Upgrade

Another bonus to look for is upgrade options. Does the card lender have chances to upgrade your card when your bad credit score rises enough? Some of these upgrades don’t require an additional application process, but some do. Some cards don’t have upgrade options. This means that you’ll have to re-apply or go to another company to find the best credit card.

Secured credit cards can be a good choice for bad credit cards. You will have to pay a deposit, and this deposit will be your credit line. The Capital One Secured card is the best secured offer because the minimum deposit required ranges from $50 – $200. With that minimum deposit, you receive a credit line of $200. With the Capital One Secured card, there are no annual fees or other credit card fees. This is the lowest total cost secured card on the market.

CreditSoup® Poor Credit
CreditSoup® Damaged Credit
CreditSoup® Limited/No Credit
CreditSoup® Secured Cards
CreditSoup® Fair Credit

Having poor credit can make it more challenging to rebuild your credit score. However, it is possible to fix it with patience and hard work. After six months of acquiring one or more credit lines, most people see a noticeable difference in their credit scores.

Some of the credit card offers are from our advertising partners. We have chosen credit card offers based on our editor’s recommendations. The credit offers that show up on this website are from companies which CreditFast may receive financial compensation.