If you have poor credit and are looking for a credit card with low interest rates, you may find that there are several options available. While you may need to use a credit card with a high limit to make purchases, there are also some credit cards for poor credit that allow you to make cash withdrawals. However, these cash withdrawals are subject to different rates and fees than purchases, so it's best to shop around before signing any documents.
Capital One Quicksilver Secured Rewards Credit Card
Capital One Quicksilver Credit Card Secured Cash Rewards may be the right card for you, especially if your credit is not good. Although the APR is high, you can apply online for this card and it reports to all three credit bureaus.
Capital One Quicksilver Secured card does not require you to have a credit check. It does not impact your credit score, even if it is poor. You can build credit and earn rewards at select merchants with this card.
Capital One Quicksilver Secured Business Credit Card
Capital One can offer you a secured card if your credit is not good. Capital One offers soft credit checks, and there is no annual fee. The card's application will temporarily affect your credit score. That said, you should take advantage of the card's no-fee pre-approval process.
The Capital One Quicksilver Secured Cash Rewards Credit Card requires a minimum deposit of $200. You can increase your credit limit by depositing more. After six months, on-time payments and a higher credit limit, the company can automatically consider increasing it.
Wells Fargo Business Secured Credit Card
The Wells Fargo Business Secured Credit Card makes a great choice for anyone with poor credit history. You will need to deposit a non-refundable amount and it has lower APRs than average credit cards. It also reports to multiple credit bureaus. It does not offer any sign-up bonuses or other rewards.
A business secured bank card requires a refundable deposit of cash that serves as the account’s credit limit. Should the account holder default, the bank will keep the deposit, but will report positive activity to the credit bureaus. In certain cases, an upgrade to a regular unsecured credit card for business can be made.
Secured Credit Card Credit One Quicksilver Credit Card
Capital One offers Quicksilver Secured Card to people with bad credit. The card requires a $200 deposit and allows you to open a credit limit of up to $2,500. This card also has the potential to earn back that deposit through statement credits.
This card offers 1.5% cashback on all purchases. This card offers a reward system similar to non-secured rewards. This card has no annual fee, and you can upgrade your credit line after six months.