Got Bad Credit? These Credit Cards will build your Credit Score!

Best credit cards for bad credit

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Procrastination is like a credit card: it’s a lot of fun until you get the bill.

Many kids come out of college; they have a credit card and a diploma. They don’t know how to buy a house, a car or health insurance; but credit card? They consider it as some sort of a Master-Key.

Unfortunately, Credit Cards unlock the door to a poor credit score, bad credit rating, and financial insecurity.

Look away for a moment and you can’t buy a new car, your employer gives you cold looks now and then, and it’s almost impossible to get a new credit card- all of this because your credit score caught fire and it’s too late to extinguish it.

A bad credit score sucks- It doesn’t take rocket science to draw that conclusion. Funny thing is that to get out of bad credit, you need to prove yourself as a responsible, financially aware citizen. And what’s the best way to rise up from your bad credit? Get yourself a credit card for bad credit!

When you apply for a Secured Credit Card, you’re signing up for a credit card alright; but all you need is a small deposit, which basically becomes the credit limit. They’re designed to help consumers with bad credit or no credit build or re-establish credit with responsible use.

Let’s face it- we don’t have bad credit scores because we’re outlaws or something, we just missed a payment or two from time to time; an honest mistake. To err is human, to forgive divine. There’s always a way back to decent credit score and applying for a Credit card for bad credit is the right start.

You don’t need 10 credit cards and pay them off at once though; it doesn’t earn you brownie points. Test the waters- How much do you earn? Will you be able to meet the timely payments?

If you think you can, check out our list of Best Credit Cards for Bad Credit and apply for a Secured Credit Card to build your creditworthiness!

PRO TIP: Don’t apply for multiple credit cards at once; nothing harms your credit score more than that.

1. Indigo Platinum MasterCard

If you are in desperate need of a credit boost, this card might just be right for you. This card is especially helpful to consumers who have filed for bankruptcy and need to build their credit score from the ground up. By making timely payments every month, you can gradually strengthen your credit score, not to mention avoid having to pay a high APR.

Your credit can be repaired quickly thanks to the regular reporting to all three major credit bureaus. This is an affordable option based on the small annual fee, and no security deposit is necessary. Let’s delve into the specifics of Indigo’s Credit Card:

  • One-time Fee: None
  • Regular APR: 19.74% – 25.74%
  • Annual Fee: $0-$99
  • Monthly fee: None
  • Rewards: 0-1% cashback
  • Minimum Credit Score: Bad (300-640)

2. Milestone Gold Card

One of the best unsecured credit cards for bad credit, Milestone Gold Card can lend you a supportive shoulder when you need to build your credit towards something better. The best part of Milestone Gold Card is that you can check whether you’re prequalified for a secured card or not without it taking a hit on your credit.

The Milestone Gold Card’s regular APR is a lot better than other unsecured credit cards for people with bad credit. The fee structure is modest, to say the least, and changes according to the credit score rating. They regularly report to all three major credit bureaus, which is what you need at the moment.

  • One-time Fee: None
  • Regular APR: 23.9%
  • Annual Fee: $35-$99
  • Monthly fee: None
  • Rewards: None
  • Minimum Credit Score: Bad (300-640)

3. Discover-It Secured Card

You’ll love the fact that there’s no annual fee associated with the Discover it Secured Card. While you’re making timely payments to repair your credit score, you can also get hefty cashbacks. Just like other secured credit cards for bad credit, you’ll need a minimum amount that shall be your credit limit.

After 8 months of using your card responsibly, your account will automatically be reviewed to see if you can get approved for an unsecured line of credit. In as little as a few months, you’ll be able to give your bad credit a boost. Check out the specifics below:

  • One-time Fee: None
  • Regular APR: 24.74%
  • Annual Fee: None
  • Monthly fee: None
  • Rewards: 2% cash back on restaurants and gas-stations; unlimited 1% cashback
  • Minimum Credit Score: Less than 3 years of Credit History

4. Capital One Secured MasterCard

This is probably one of the best credit cards for bad credit simply because there is no annual fee and the minimal security deposit amount required is very low. You can open an account with minimal funds right away and start building good credit within a few short months.

As long as you use your credit card wisely, there’s no reason why you shouldn’t be able to give your credit rating a boost. Your payments will be reported to all three major credit card bureaus, which is exactly what you want when you’re trying to improve your credit rating. Check these specific pointers:

  • One-time Fee: None
  • Regular APR: 24.99%
  • Annual Fee: None
  • Monthly fee: None
  • Rewards: None
  • Minimum Credit Score: Less than 3 years of Credit History

5. First Progress Platinum Select MasterCard

Another one of the best cards for bad credit is the First Progress Platinum Select MasterCard. If your credit score is suffering, you’ll appreciate the fact that there’s no credit check required to get approved for this card, nor is there a minimum credit score needed.

This is a full-featured credit card, which means you get all the bells and whistles that you’d get with a traditional card (with certain exceptions). You can easily establish or re-establish good credit thanks to the reporting of your card activity to all three credit bureaus each month.

The annual fee is quite low, and the APR is on the lower end of the spectrum compared to most other secured credit cards, making this an affordable option. Check the numbers yourself:

  • One-time Fee: None
  • Regular APR: 14.24%
  • Annual Fee: $39
  • Monthly fee: None
  • Rewards: None
  • Minimum Credit Score: Less than 3 years of Credit History

6. First Access Visa Card

First Access Visa Card might be that one secured credit card for bad credit that builds your credit score in a matter of months, but it’s not the best idea if your income’s low. The fee structure is hefty and sometimes you may feel that it’s not worth the hassle.

But again, your credit can be repaired quickly with monthly reports to all three major credit bureaus. The interest rates are on the higher side too, and if we were at your place we wouldn’t miss any payment deadlines. Here’s how the numbers add up:

  • One-time Fee: $89 Application Processing Fee
  • Regular APR: 29.99%
  • Annual Fee: $75 for the first year; $48 after
  • Monthly fee: None
  • Rewards: None
  • Minimum Credit Score: Bad (300-640)

In my experience and through my research, I’ve found that the above-mentioned products are some of the best cards for bad credit. However, let’s not forget the reason why we’re opting for these credit cards- to Raise our Credit Score.

Check your credit score and try your hands on any of these credit cards for bad credit to witness the end result! Your journey from Zero to Hero begins here!

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