Bad Credit

5 Easy Credit Cards to Get with Bad Credit or Poor Credit on 2020

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Bad Credit or Poor Credit on 2020 5 Easy Credit Cards to Get with

There are credit cards available specifically for those with subpar credit and they come in two forms: unsecured and secured. The difference between the two is unsecured cards do not require a deposit to secure a line of credit, whereas secured cards do. The deposit amount can vary but typically equals the amount of credit issued.

Regardless of how your credit got to be “bad” in the first place, getting and using a new credit card responsibly is one of the first steps toward rebuilding your credit. But when you have poor credit, getting approved for a new card can be a daunting task, as issuers frequently deny poor credit applicants.

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5 Best Unsecured Credit Cards (By Issuer)

4.3 Overall Rating

1.Credit One Bank® Platinum Visa® for Rebuilding Credit

  • See if you Pre-Qualify without harming your credit score
  • Track your progress with free online access to your Experian credit score, terms apply
  • Looking to rebuild credit? We report to the major credit bureaus monthly
  • Accounts are automatically reviewed for credit line increase opportunities
  • Make paying your bill easier with the ability to choose your payment due date, terms apply
  • Stay in-the-know with customizable account alerts via email and text
  • Receive 1% cash back rewards on eligible purchases, terms apply
  • Enjoy peace of mind with $0 Fraud Liability

Credit One provides its cardholders free credit score tracking and cash back rewards with select card offers. Credit One also allows you to choose your payment due date, so you can coordinate payments with your own pay schedule. Credit One has more than 7 million cardholders nationwide, and is the fastest-growing card issuer in the US.

2.Total Visa® Card

4.7 Overall Rating

  • Checking account required
  • Fast and easy application process; response provided in seconds
  • A genuine Visa card accepted by merchants nationwide across the USA and online
  • Manageable monthly payments
  • If approved, simply pay a program fee to open your account and access your available credit
  • Reports monthly to all three major credit bureaus

The Total Visa® Card offers a decision “in as little as 60 seconds” and does not require perfect credit for approval. If approved, an $89 program fee is required.

3.Fingerhut Credit Account

4.8 Orverall Rating

  • Easy application! Get a credit decision in seconds.
  • Build your credit history – Fingerhut reports to all 3 major credit bureaus
  • Use your line of credit to shop thousands of items from great brands like Samsung, KitchenAid, and DeWalt
  • Not an access card

While the Fingerhut Credit Account can only be used toward Fingerhut purchases and its select partners, the card is one of the easiest credit cards to get with bad credit and can help you rebuild your credit with regular on-time payments. Not to mention, Fingerhut sells more than 700,000 products.

4.Milestone® Mastercard® with Free Choice of Card Image

4.2 Overall Rating

  • Applying is quick and easy with a fast decision process
  • Less than perfect credit is okay
  • 24/7 access to your account information, even on mobile
  • Card designs to fit your personality at no extra charge
  • Account history is reported to the three major credit bureaus in the U.S.

Milestone strives to “deliver a customer experience equal to or better than any ‘prime’ credit card issuer.” See if you pre-qualify for the Milestone Gold Mastercard with no impact to your credit score.

5.Indigo® Platinum Mastercard® Credit Card

4.2 Overall Rating

  • Easy pre-qualification process with fast response
  • All credit histories considered
  • Online servicing available 24/7 at no additional cost
  • Unsecured credit card, no security deposit required
  • Account history is reported to the three major credit bureaus in the U.S.

It’s important to note that these cards carry high interest rates, which is one way the issuer protects itself to offset the higher default rate. But if you pay the balance in full each month, you’ll avoid paying any interest at all.

MORE CARDS WITH DIFERENT CONDITIONS

7. Discover it® Secured

The Discover it® Secured card comes with no annual fee and a competitive APR while still offering bonus rewards for gas and restaurant purchases. Additionally, approved applicants can enjoy an introductory balance transfer offer providing 10.99% on qualifying transferred balances for six months.

Earn 2% cash back on up to $1,000 in combined gas and grocery purchases each year

  • Earn unlimited 1% cash back on all other purchases
  • Pay no annual fee

The minimum deposit amount required to open a Discover it® Secured card is $200, and the size of your deposit will determine your credit limit. Your maximum credit limit will be set by Discover based on your income and ability to pay, but will not exceed $2,500.

8. Capital One Secured Mastercard

The Capital One Secured Mastercard is another good no-annual-fee option for building credit. What’s more, this card has a variable minimum down payment that depends on your individual credit risk, meaning well-qualified applicants may only be required to put down $49 for a $200 credit line.

  • Get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness
  • Reports to all three major credit bureaus
  • Pay no annual fee

Cardholders who make their first five payments on time may be eligible for a credit line increase with no additional deposit. This card is also upgradable; cardholders who show responsible credit use may be automatically upgraded to an unsecured card.

9. Citi® Secured Mastercard®

This card may not have a lot of bells and whistles, but it offers a low minimum deposit requirement and charges no annual fee. Cardholders also get desktop and mobile online banking access to manage their account from anywhere.

Citi® Secured Mastercard®

  • Provide a security deposit of $200 up to $2,500 for a credit line equal to your deposit
  • Enjoy 24/7 online account access
  • Pay no annual fee

While this card’s APR isn’t the lowest around, it does offer a grace period on new purchases that allows users to avoid paying interest when they pay their balance in full each month.

 

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