A balanced approach is key when you are evaluating credit card options for people with bad credit. Make sure that the card you choose offers credit bureau reporting and fraud protection. This will ensure that your card works well. Look for a card with no annual fees. This will ensure that you don't get any unexpected charges later.
Find it Secure
The Discover it secured credit card is one the best no-annual fee credit cards for those with poor credit. With a $200 Security Deposit, you can get upto $2,500 credit and other great benefits. You also get cash back rewards and no annual fees.
The Discover it Secured No Annual Fee Credit Cards has the unique feature of allowing the account to be reviewed after seven calendar months. If your account is still active after seven months, you will receive a refund of your security deposit. You can also receive alerts regarding identity theft via your card.
A credit card is vital to rebuild your credit. The Discover it secured no annual fee credit cards offers many benefits. It offers generous rewards and rewards for good spending habits. It's also easy to change from a secure account to an unsecure one. Seven months after you open a new account, the company will inspect it to determine whether it's suitable for anunsecured card. The company will also return the security deposit if you fail meet payment obligations.
U.S. Bank Secured Card Cash+ (r) Visa(r).
U.S. Bank Cash+ Visa Secured Card offers cash back for those who wish to make purchases. The card offers cash back of 1% and 5% on some categories. 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's Cash+(r), Visa Secured Card, is a great way to start building credit. You can convert it to an unsecured card easily, earn cash back, and there is no annual fee. The card also reports directly to the three credit agencies. As you spend more money in certain bonus categories, you can enjoy greater rewards.
Merrick Bank Double your Line (r) Mastercard (r)
Merrick Bank offers an affordable credit card with no annual fee for bad credit. This credit card allows you to increase your credit line by $2700 each 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. Regular reviews are conducted by the bank after the first year to verify that you are making timely payments. The bank will increase your credit limit if you have a track record of timely payments.
Merrick Bank Double Your Line MastercardTM allows you to open credit lines from $550 up to $1350. After three month, your credit line will double to $1100 to 2,700. Easy credit card that allows you to build credit. Card reports all your payments to major credit reporting agency monthly. Access your FICO credit score can be accessed for free every month.