When looking into credit cards that are available to people with poor credit, it is important not to lose sight of the bigger picture. Make sure that the card you choose offers credit bureau reporting and fraud protection. This will ensure that you get the best card for you. A card that does not charge an annual fee is a good option. This will help you avoid unexpected costs later.
Get it Secured
The Discover it Secured credit card is among the best no annual fee credit cards for 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.
The best thing about Discover it Secured credit cards with no annual fees is the ability to have your account reviewed every seven months. If your account is not closed after seven months, your security deposit will be refunded. You can also get alerts for identity theft through your card.
To rebuild credit, you need a good credit card. The Discover it Secured credit card has many benefits. The rewards program is generous, and it rewards good spending habits. It also makes it simple to switch between a secured and unsecured account. The company will review your account for eligibility for an unsecure card seven months after it has been opened. 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 Cash+ Visa Secured Card offers cash back for those who wish to make 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. The cash back rate on this card is based on the amount of money you spend on your purchases, so there is no need to worry about spending more than you can afford.
U.S. Bank Secured Visa Cash+(r), Visa Secured Card are great options for building credit. It has generous cash-back benefits, no annual fee, is simple to convert to an unsecured card, and it comes with no annual fee. It reports to all 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. This card also lowers the utilization ratio of your credit line, which can help improve your credit score over time. You can also build your credit history and make on-time payments by reporting to the credit card. Your account is reviewed every year by the bank to ensure you pay on time. If you keep good payments on time, the bank could increase your credit limit.
The credit line for the Merrick Bank Double Your Line Mastercard(TM) is $550 to $1,350, and it doubles to $1,100 to $2,700 after three months. It is simple to use this credit card to build your credit. Your monthly payments are reported to the three main credit reporting agencies. Access to your FICO credit score each month is free.