Bad credit can i get a credit card. However, there are still a few options for people with bad credit. These cards offer you the opportunity to rebuild your credit and establish a positive payment history. The best ones are secured credit cards.
Can I get a credit card with a 490 score?
Secured credit cards are easy to qualify for. Unlike unsecured cards, a security deposit is required. This is a way to protect the issuer in case of a nonpayment.
When you apply for a secured credit card, your credit limit is determined by your debts. For example, if you owe $1,000, you may have a credit limit of $300. If you can pay your balance in full each month, you will keep your utilization ratio low.
You should also be aware of the fees associated with credit cards. These fees are often hidden. A good source for the details of these fees is the Schumer Box.
Other fees include the annual fee. Fortunately, the best bad credit credit cards have no annual fee. They will reward you with cash back on purchases, usually up to 2%.
To help you find the best bad credit credit card for your situation, the editors at WalletHub tested hundreds of offers. They then analyzed them to come up with a list of the top cards for you to consider.
The Credit One Bank Platinum Visa is the easiest to qualify for. You can receive 1% cash back on gas and grocery purchases. It comes with a $75 intro fee for the first year.