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Best Bad Credit Credit Cards

What are the best Credit Cards for People with Bad Credit? Do you need a credit card, but can't get approved because of bad credit or no credit history? Don't worry - there are credit cards that cater to individuals with credit issues. In fact, using a credit card responsibly is a great way to improve your credit and rebuild your credit history. That includes making payments on time, keeping your spending within your credit limit, and making efforts to pay off your balance as soon as possible.

Finding a quality credit card that serves individuals with bad credit takes some research. Make sure you look closely at the terms and conditions of any bad credit credit card to make sure the company isn't taking advantage of your lack of credit. Responsible spending, and close attention to the details of your credit card contract, go hand in hand.

When comparing bad credit credit cards, you should pay particular attention to the following areas:

TopConsumerReviews.com has reviewed and ranked the best bad credit credit cards available today. We hope these reviews help you find the right credit card to improve your financial health right away!

 


Rebuilding Your Credit with Credit Cards

Sworn off credit cards due to irresponsible spending? Don't act too fast! You may be in denial if you think you can manage without a credit card. Access to a Visa or MasterCard is necessary for renting cars, shopping online and even holding reservations at certain restaurants. Thankfully, credit cards may have gotten you into debt but can also help get you out. Here's how to improve your credit score with credit cards:

  • The first step to improving your credit score is to understand how the three credit bureaus report your financial activity. Periodically, your credit card, mortgage, car loan, and other companies will report your good and bad credit activity - much like a report card. If payments are made late or you're over your line of credit you'll see a bad mark on your credit report. Negative activity will remain on your credit report for long periods of time and when other lenders check on your credit worthiness they are either less inclined to lend you money or will do so at a much higher cost.
  • Before you make that next purchase consider if it's a need or a want. Your credit score is impacted by how much credit you're currently utilizing. For example, if you have a $1000 credit limit it's more favorable to your credit score if you only utilize between 10% and 30% of that limit. Meaning, maintaining a balance of $300.00 or less will favorably impact your credit score.
  • You've heard this one over and over but it's still worthy of a reminder. Making on-time minimum credit card payments consistently has a significant impact on your credit score. Budget appropriately and pay your creditors before the due date each month.
  • Don't exceed your credit limit. Creditors are quick to report credit limit issues to the credit agencies and this will instantly stand out. Utilizing only a portion of your available credit is most favorable but not exceeding your credit limit is a no-no. In fact, paying off your credit card each month will help you best budget your money and demonstrate responsible spending to creditors.
  • If you're credit cards have been closed, due to irresponsible spending, apply for a secured credit card. These cards typically allow for you to gain access to a Visa or MasterCard with your collateral deposit. Often after 6 to 12 months of responsible spending companies will upgrade the card to a more traditional line of credit. Gaining access to credit again, and using it responsibly, will positively impact your credit score.
  • Once you've improved your credit score you should upgrade to a better credit card with fewer fees and a lower interest rate. This will continue to benefit you financially which will be reflected within your credit score.

Responsible credit card spending is the key to improving your credit score. Make payments on time, mind your spending limits and even apply for a secured card if needed to get your credit score headed in an upward direction.

 



Bad Credit Credit Cards In The News

Why a Higher Credit Card Limit Might Actually Be a Bad Thing

It can be a real breath of fresh air when you open up a letter from a credit card company and find out that they just increased your credit card limit. After all, the mail often brings less satisfying ...

Published:  Wed, 16 Jan 2019 04:43:00 GMT



Rising Credit Card Use Is Bad News

Your article was successfully shared with the contacts you provided. Image: Shutterstock. Even though evidence is mounting that the U.S. economy may be soon heading into a recession, there are plenty ...

Published:  Fri, 18 Jan 2019 11:26:00 GMT



If You've Got Bad Credit, This Card Can Help You Fix It-and Won't Charge an Annual Fee

Finding great credit cards for people with bad credit can be difficult. If you have no credit history or a bad credit profile - in general, that means a FICO score of 600 or lower, though this can var...

Published:  Tue, 12 Jun 2018 12:22:00 GMT



Credit Cards for People With Bad Credit

If you want to buy a home, finance a car or borrow money to start a business, bad credit can get in your way. It can also prevent you from getting a credit card. And without a credit card, it becomes ...

Published:  Tue, 01 May 2018 17:00:00 GMT



Credit Cards for Bad Credit: Best of 2018

If you have bad credit, you may think you're automatically unqualified for credit cards that offer cash back or travel rewards. For many cards, that may be true. But you're not necessarily locked out ...

Published:  Tue, 03 Oct 2017 21:10:00 GMT



Bad credit Your must-read guide to get a credit card or car loan, and rent or buy a home

Bad credit doesn't mean life is over - nor does it doom you to "living in a van down by the river." Not forever, though: You can always improve your credit by taking steps to get on track and rebuild ...

Published:  Thu, 06 Oct 2016 10:14:00 GMT



Credit Cards For Bad Credit: Plastic Money Available With Poor Credit Ratings

A Credit card is a card usually used to make payment even if nothing is deposited in your account. In today's modernized world, this plastic transfer of money holds a great value. Everyone wants to gr...

Published:  Wed, 06 Dec 2017 03:44:00 GMT



Best Credit Cards for Bad Credit

A low credit score doesn't necessarily preclude you from getting a credit card. It just means you may have to be more strategic about which cards you apply for. A number of major credit card companies ...

Published:  Mon, 21 Aug 2017 14:40:00 GMT




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