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Browse Credit Cards for Bad Credit Scores

Finding the best credit cards for bad credit scores is easier than you think. There are plenty of credit cards for people with bad credit that offer a variety of benefits and rates. BestCards.com has a selection of credit cards for bad credit that you can peruse to find the best option for you. Learn more about credit scores.

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FEATURED CARD – READ REVIEW

Indigo® Platinum Mastercard®

Choose Your Own Card Design

Indigo® Platinum Mastercard®
  • Regular Purchase APR 24.9%
  • Cash Advance APR 29.9%
  • Annual Fee $0 to $99 depending on the card issued
  • Credit Needed Poor
  • Processing Network Mastercard
Best Benefits
  • Great for demonstrating responsible use of credit
  • Short and easy-to-complete pre-qualification form
  • 24/7 mobile account access
  • Choose your card design free of charge
Rates & Fees
  • Regular Purchase APR: 24.9%
  • Cash Advance APR: 29.9%
  • Cash Advance Transaction Fee: $0 during the first year; after first year, either $5 or 5% of the amount of transaction
  • Penalty APR: 29.9%
  • Annual Fee: $0 to $99 depending on the card issued
  • Foreign Transaction Fee: 1% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
  • Over Limit Penalty Fee: Up to $40

FEATURED CARD – READ REVIEW

Milestone® Gold Mastercard®

No Credit Score Impact When You Apply

Milestone® Gold Mastercard®
  • Regular Purchase APR 24.9%
  • Cash Advance APR 29.9%
  • Annual Fee $35 to $99
  • Credit Needed Poor
  • Processing Network Mastercard
Best Benefits
  • Choose your custom card design
  • Free 24/7 online account access
  • Quick pre-qualification with no impact to credit score
  • Mastercard® Gold Benefits
Rates & Fees
  • Regular Purchase APR: 24.9%
  • Cash Advance APR: 29.9%
  • Cash Advance Transaction Fee: $0 during the first year; after first year, either $5 or 5% of the amount of transaction
  • Penalty APR: 29.9%
  • Annual Fee: $35 to $99
  • Foreign Transaction Fee: 1% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
  • Over Limit Penalty Fee: Up to $40

FEATURED CARD – READ REVIEW

First Digital NextGen Mastercard® Credit Card

Online Customer Center Available 24 x 7

First Digital NextGen Mastercard® Credit Card
  • Regular Purchase APR See terms*
  • Cash Advance APR See terms*
  • Annual Fee See terms*
  • Credit Needed Fair
  • Processing Network Mastercard
Best Benefits
  • Build up your Credit with a card that reports to all three major credit bureaus every month
  • Perfect credit not required for approval; we may approve you when others won’t
  • Easy and secure online application – it just takes moments to apply
  • You may be eligible for a Credit Line Increase after six months
Rates & Fees
  • Regular Purchase APR: See terms*
  • Cash Advance APR: See terms*
  • Cash Advance Transaction Fee: See Terms*
  • Annual Fee: See terms*
  • Foreign Transaction Fee: See Terms*
  • Late Payment Penalty Fee: See Terms*
  • Return Payment Penalty Fee: See Terms*

FEATURED CARD – READ REVIEW

First Access Solid Black VISA® Credit Card

Raise Credit with Monthly Activity Reporting

First Access Solid Black VISA® Credit Card
  • Regular Purchase APR See Terms
  • Cash Advance APR See Terms
  • Annual Fee See Terms
  • Credit Needed Fair , Poor
  • Processing Network Visa
Best Benefits
  • Reporting monthly to all three major credit reporting agencies
  • All credit histories considered for this no security deposit credit card
  • Perfect credit not required for approval; we may approve you when others won't
  • Easy and secure online application
  • Get the security and convenience of a full-featured, unsecured Visa® credit card - accepted at millions of merchant and ATM locations nationwide and online
  • $300 credit limit (subject to available credit)
Rates & Fees
  • Regular Purchase APR: See Terms
  • Cash Advance APR: See Terms
  • Cash Advance Transaction Fee: See Terms
  • Annual Fee: See Terms
  • Late Payment Penalty Fee: See Terms
  • Return Payment Penalty Fee: See Terms
Credit Card Deals
  • Spoil your pup with a FREE upgrade to BarkBox. - Offer Expires on December 31, 2020 - See Details
  • Save 10% on all Afternoon Tea orders - Offer Expires on December 31, 2020 - See Details
  • Save 10% on The Berlin Pass - Offer Expires on December 31, 2020 - See Details
  • Complimentary EZ Mini Crunchies (60g) when you spend S$120 - Offer Expires on December 31, 2020 - See Details
  • 10% off museum entry - Offer Expires on December 31, 2020 - See Details
  • Save up to 55% on London theater tickets - Offer Expires on December 31, 2020 - See Details
  • Save an extra 10% on Tower of London access tickets - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Alamo® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Enterprise Rent-A-Car® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save an extra 5% on The Paris Explorer Pass - Offer Expires on December 31, 2020 - See Details
  • View All Deals -

FEATURED CARD – READ REVIEW

Horizon Gold Card

No Credit Required

Horizon Gold Card
  • Annual Fee None
  • Credit Needed No Credit Required
Best Benefits
  • 0% purchase APR
  • No credit check required
  • Fast online application
  • Includes access to My Privacy Protection, My Universal RX, My Roadside Protect and My Legal Assistance benefits
Rates & Fees
  • Late Payment Penalty Fee: $20
  • Return Payment Penalty Fee: $25

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Showing 92 Cards

Date Reviewed: January 22, 2020

Park National Bank Secured Visa® Card

Park National Bank Secured Visa® Card
  • Regular Purchase APR 20.99% variable based on the Prime Rate
  • Balance Transfer APR 20.99% variable based on the Prime Rate
  • Cash Advance APR 23.99% variable based on the Prime Rate
  • Annual Fee $35
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • Build or repair your credit
  • Earn interest on your secured savings account deposit
  • Credit limit up to $5,000
  • Cardholder protections including extended warranty, zero fraud liability, and auto rental collision damage waiver
Rates & Fees
  • Regular Purchase APR: 20.99% variable based on the Prime Rate
  • Balance Transfer APR: 20.99% variable based on the Prime Rate
  • Balance Transfer Transaction Fee: Either $5 or 3% of the amount of each transfer, whichever is greater.
  • Cash Advance APR: 23.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 4% of the amount of each cash advance, whichever is greater.
  • Annual Fee: $35
  • Foreign Transaction Fee: Up to 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $35
  • Minimum Deposit Required: $300
Credit Card Deals
  • Spoil your pup with a FREE upgrade to BarkBox. - Offer Expires on December 31, 2020 - See Details
  • Save 10% on all Afternoon Tea orders - Offer Expires on December 31, 2020 - See Details
  • Save 10% on The Berlin Pass - Offer Expires on December 31, 2020 - See Details
  • Complimentary EZ Mini Crunchies (60g) when you spend S$120 - Offer Expires on December 31, 2020 - See Details
  • 10% off museum entry - Offer Expires on December 31, 2020 - See Details
  • Save up to 55% on London theater tickets - Offer Expires on December 31, 2020 - See Details
  • Save an extra 10% on Tower of London access tickets - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Alamo® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Enterprise Rent-A-Car® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save an extra 5% on The Paris Explorer Pass - Offer Expires on December 31, 2020 - See Details
  • View All Deals -

Date Reviewed: January 22, 2020

Park National Bank Visa Signature® College Real Rewards Card

Park National Bank Visa Signature® College Real Rewards Card
  • Regular Purchase APR 14.49% to 23.49% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 14.49% to 23.49% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 23.99% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Poor
  • Intro Purchase APR 0% for 6 months from account opening date
  • Processing Network Visa
Best Benefits
  • Earn 1.5 points for every eligible net $1 you spend
  • Earn unlimited points that do not expire for five years
  • Earn 2,500 bonus rewards points just for using your new card for the first time
  • Zero Fraud Liability
  • Enjoy 0% APR for the first six billing cycles on purchases and balance transfers
Rates & Fees
  • Intro Purchase APR: 0% for 6 months from account opening date
  • Regular Purchase APR: 14.49% to 23.49% variable based on creditworthiness and the Prime Rate
  • Intro Balance Transfer APR: 0% for 6 months from account opening date
  • Balance Transfer APR: 14.49% to 23.49% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Either $5 or 3% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 23.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 4% of the amount of each cash advance, whichever is greater
  • Foreign Transaction Fee: Up to 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $35
Credit Card Deals
  • Spoil your pup with a FREE upgrade to BarkBox. - Offer Expires on December 31, 2020 - See Details
  • Save 10% on all Afternoon Tea orders - Offer Expires on December 31, 2020 - See Details
  • Save 10% on The Berlin Pass - Offer Expires on December 31, 2020 - See Details
  • Complimentary EZ Mini Crunchies (60g) when you spend S$120 - Offer Expires on December 31, 2020 - See Details
  • 10% off museum entry - Offer Expires on December 31, 2020 - See Details
  • Save up to 55% on London theater tickets - Offer Expires on December 31, 2020 - See Details
  • Save an extra 10% on Tower of London access tickets - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Alamo® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Enterprise Rent-A-Car® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save an extra 5% on The Paris Explorer Pass - Offer Expires on December 31, 2020 - See Details
  • View All Deals -

Date Reviewed: January 17, 2020

First Horizon Bank Secured Visa® Classic Credit Card

First Horizon Bank Secured Visa® Classic Credit Card
  • Regular Purchase APR 19.15% variable based on the Prime Rate
  • Cash Advance APR 20.75% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • No annual fee
  • No guessing what your interest rate will be with a one-size-fits all APR
  • Improve your credit history with built-in credit reporting
  • Pay for purchases just like you would with a regular credit card
Rates & Fees
  • Regular Purchase APR: 19.15% variable based on the Prime Rate
  • Cash Advance APR: 20.75% variable based on the Prime Rate
  • Cash Advance Transaction Fee: $10 or 4% of the amount of each cash advance, whichever is greater
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $35
  • Return Payment Penalty Fee: up to $35
  • Minimum Deposit Required: $300
Credit Card Deals
  • Spoil your pup with a FREE upgrade to BarkBox. - Offer Expires on December 31, 2020 - See Details
  • Save 10% on all Afternoon Tea orders - Offer Expires on December 31, 2020 - See Details
  • Save 10% on The Berlin Pass - Offer Expires on December 31, 2020 - See Details
  • Complimentary EZ Mini Crunchies (60g) when you spend S$120 - Offer Expires on December 31, 2020 - See Details
  • 10% off museum entry - Offer Expires on December 31, 2020 - See Details
  • Save up to 55% on London theater tickets - Offer Expires on December 31, 2020 - See Details
  • Save an extra 10% on Tower of London access tickets - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Alamo® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Enterprise Rent-A-Car® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save an extra 5% on The Paris Explorer Pass - Offer Expires on December 31, 2020 - See Details
  • View All Deals -

Date Reviewed: January 14, 2020

OpenSky® Secured Visa®

OpenSky® Secured Visa®
  • Regular Purchase APR 17.39% variable based on the Prime Rate
  • Cash Advance APR 17.39% variable based on the Prime Rate
  • Annual Fee $35
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • Build credit with on-time payments
  • Reports to the three leading credit bureaus
  • Credit limist between $200 and $3,000
  • Visa benefits and protections
Rates & Fees
  • Regular Purchase APR: 17.39% variable based on the Prime Rate
  • Cash Advance APR: 17.39% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $6 or 5% of the amount of each cash advance, whichever is greater.
  • Annual Fee: $35
  • Foreign Transaction Fee: 3% of each transaction in U.S. dollars
  • Late Payment Penalty Fee: Up to $38
  • Return Payment Penalty Fee: Up to $25
  • Minimum Deposit Required: $200
Credit Card Deals
  • Spoil your pup with a FREE upgrade to BarkBox. - Offer Expires on December 31, 2020 - See Details
  • Save 10% on all Afternoon Tea orders - Offer Expires on December 31, 2020 - See Details
  • Save 10% on The Berlin Pass - Offer Expires on December 31, 2020 - See Details
  • Complimentary EZ Mini Crunchies (60g) when you spend S$120 - Offer Expires on December 31, 2020 - See Details
  • 10% off museum entry - Offer Expires on December 31, 2020 - See Details
  • Save up to 55% on London theater tickets - Offer Expires on December 31, 2020 - See Details
  • Save an extra 10% on Tower of London access tickets - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Alamo® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Enterprise Rent-A-Car® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save an extra 5% on The Paris Explorer Pass - Offer Expires on December 31, 2020 - See Details
  • View All Deals -

Date Reviewed: January 13, 2020

AmTrust Secured Card

AmTrust Secured Card
  • Regular Purchase APR 24.24% variable based on the Prime Rate
  • Balance Transfer APR 24.24% variable based on the Prime Rate
  • Cash Advance APR 25.24% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • No annual fee
  • Qualify for a credit line increase in as little as 7 months
  • Get upgraded to the Platinum Edition unsecured card in as little as 11 months
  • Credit limits between $300 and $5,000
Rates & Fees
  • Regular Purchase APR: 24.24% variable based on the Prime Rate
  • Balance Transfer APR: 24.24% variable based on the Prime Rate
  • Balance Transfer Transaction Fee: Either $10 or 5% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 25.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $15 or 5% of the amount of each cash advance, whichever is greater
  • Foreign Transaction Fee: 3% of the transaction in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $35
  • Minimum Deposit Required: $300
Credit Card Deals
  • Spoil your pup with a FREE upgrade to BarkBox. - Offer Expires on December 31, 2020 - See Details
  • Save 10% on all Afternoon Tea orders - Offer Expires on December 31, 2020 - See Details
  • Save 10% on The Berlin Pass - Offer Expires on December 31, 2020 - See Details
  • Complimentary EZ Mini Crunchies (60g) when you spend S$120 - Offer Expires on December 31, 2020 - See Details
  • 10% off museum entry - Offer Expires on December 31, 2020 - See Details
  • Save up to 55% on London theater tickets - Offer Expires on December 31, 2020 - See Details
  • Save an extra 10% on Tower of London access tickets - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Alamo® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Enterprise Rent-A-Car® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save an extra 5% on The Paris Explorer Pass - Offer Expires on December 31, 2020 - See Details
  • View All Deals -

Date Reviewed: January 09, 2020

NYCB Secured Card

NYCB Secured Card
  • Regular Purchase APR 24.24% variable based on the Prime Rate
  • Balance Transfer APR 24.24% variable based on the Prime Rate
  • Cash Advance APR 25.24% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • No annual fee
  • Credit limits between $300 and $5,000
  • Qualify for credit limit increases in as little as 7 months
  • Possibility to upgrade to an unsecured card
Rates & Fees
  • Regular Purchase APR: 24.24% variable based on the Prime Rate
  • Balance Transfer APR: 24.24% variable based on the Prime Rate
  • Balance Transfer Transaction Fee: Either $10 or 5% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 25.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $15 or 5% of the amount of each cash advance, whichever is greater
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $35
  • Minimum Deposit Required: $300
Credit Card Deals
  • Spoil your pup with a FREE upgrade to BarkBox. - Offer Expires on December 31, 2020 - See Details
  • Save 10% on all Afternoon Tea orders - Offer Expires on December 31, 2020 - See Details
  • Save 10% on The Berlin Pass - Offer Expires on December 31, 2020 - See Details
  • Complimentary EZ Mini Crunchies (60g) when you spend S$120 - Offer Expires on December 31, 2020 - See Details
  • 10% off museum entry - Offer Expires on December 31, 2020 - See Details
  • Save up to 55% on London theater tickets - Offer Expires on December 31, 2020 - See Details
  • Save an extra 10% on Tower of London access tickets - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Alamo® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Enterprise Rent-A-Car® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save an extra 5% on The Paris Explorer Pass - Offer Expires on December 31, 2020 - See Details
  • View All Deals -

Date Reviewed: January 08, 2020

Fortiva® Mastercard® Credit Card

Fortiva® Mastercard® Credit Card
  • Regular Purchase APR 22.74% to 36% variable based on creditworthiness
  • Balance Transfer APR 25.74% to 36% variable based on creditworthiness
  • Cash Advance APR 25.74% to 36% variable based on creditworthiness
  • Annual Fee $49 to $175 the first year; up to $49 thereafter
  • Credit Needed Poor
  • Processing Network Mastercard
Best Benefits
  • Free VantageScore 3.0 (provided by Equifax)
  • Reports to all three major credit bureaus
  • Mobile app available in Apple Store and Google Play
  • $0 fraud liability
  • Must receive mail offer in order to apply
Rates & Fees
  • Regular Purchase APR: 22.74% to 36% variable based on creditworthiness
  • Balance Transfer APR: 25.74% to 36% variable based on creditworthiness
  • Balance Transfer Transaction Fee: 3% of the amount of each transfer after the first year
  • Cash Advance APR: 25.74% to 36% variable based on creditworthiness
  • Cash Advance Transaction Fee: Either $5 or 5% of the amount of each cash advance, whichever is greater
  • Annual Fee: $49 to $175 the first year; up to $49 thereafter
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars.
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40

Date Reviewed: January 08, 2020

BOK Financial Secured Visa® Card

BOK Financial Secured Visa® Card
  • Regular Purchase APR 20.99% variable based on the Prime Rate
  • Balance Transfer APR 20.99% variable based on the Prime Rate
  • Cash Advance APR 23.99% variable based on the Prime Rate
  • Annual Fee $35
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • No credit or poor credit are okay to apply for this card
  • Build your credit history
  • Up to $5,000 credit limit
  • Visa perks, like extended warranty coverage
Rates & Fees
  • Regular Purchase APR: 20.99% variable based on the Prime Rate
  • Balance Transfer APR: 20.99% variable based on the Prime Rate
  • Balance Transfer Transaction Fee: Either $5 or 3% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 23.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 4% of the amount of each cash advance, whichever is greater
  • Annual Fee: $35
  • Foreign Transaction Fee: Up to 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $39
  • Return Payment Penalty Fee: Up to $35
  • Minimum Deposit Required: $300
Credit Card Deals
  • Spoil your pup with a FREE upgrade to BarkBox. - Offer Expires on December 31, 2020 - See Details
  • Save 10% on all Afternoon Tea orders - Offer Expires on December 31, 2020 - See Details
  • Save 10% on The Berlin Pass - Offer Expires on December 31, 2020 - See Details
  • Complimentary EZ Mini Crunchies (60g) when you spend S$120 - Offer Expires on December 31, 2020 - See Details
  • 10% off museum entry - Offer Expires on December 31, 2020 - See Details
  • Save up to 55% on London theater tickets - Offer Expires on December 31, 2020 - See Details
  • Save an extra 10% on Tower of London access tickets - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Alamo® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Enterprise Rent-A-Car® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save an extra 5% on The Paris Explorer Pass - Offer Expires on December 31, 2020 - See Details
  • View All Deals -

Date Reviewed: January 03, 2020

Unity Visa Secured Credit Card

Unity Visa Secured Credit Card
  • Regular Purchase APR 17.99% fixed rate through the expiration date of the card.
  • Balance Transfer APR 17.99% fixed rate through the expiration date of the card.
  • Cash Advance APR 17.99% fixed rate through the expiration date of the card.
  • Annual Fee $39
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • Get a second chance at credit
  • Support the nation's largest back-owned bank
  • 9.95% intro APR on balance transfers for the first 6 months
Rates & Fees
  • Regular Purchase APR: 17.99% fixed rate through the expiration date of the card.
  • Intro Balance Transfer APR: 9.95% for 6 months from account opening date
  • Balance Transfer APR: 17.99% fixed rate through the expiration date of the card.
  • Balance Transfer Transaction Fee: Either $10 or 3% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 17.99% fixed rate through the expiration date of the card.
  • Cash Advance Transaction Fee: Either $10 or 3% of the amount of each transfer, whichever is greater
  • Annual Fee: $39
  • Foreign Transaction Fee: 3% of each transaction in U.S. dollars
  • Late Payment Penalty Fee: Up to $10
  • Return Payment Penalty Fee: Up to $37
  • Minimum Deposit Required: $250
Credit Card Deals
  • Spoil your pup with a FREE upgrade to BarkBox. - Offer Expires on December 31, 2020 - See Details
  • Save 10% on all Afternoon Tea orders - Offer Expires on December 31, 2020 - See Details
  • Save 10% on The Berlin Pass - Offer Expires on December 31, 2020 - See Details
  • Complimentary EZ Mini Crunchies (60g) when you spend S$120 - Offer Expires on December 31, 2020 - See Details
  • 10% off museum entry - Offer Expires on December 31, 2020 - See Details
  • Save up to 55% on London theater tickets - Offer Expires on December 31, 2020 - See Details
  • Save an extra 10% on Tower of London access tickets - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Alamo® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Enterprise Rent-A-Car® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save an extra 5% on The Paris Explorer Pass - Offer Expires on December 31, 2020 - See Details
  • View All Deals -

Date Reviewed: January 03, 2020

Green Dot primor® Secured Visa Gold Card

Green Dot primor® Secured Visa Gold Card
  • Regular Purchase APR 9.99%
  • Cash Advance APR 18.99%
  • Annual Fee $49
  • Credit Needed Poor
  • Processing Network Visa
Best Benefits
  • No penalty rates
  • Reports to all three major credit bureaus
  • Earn interest on your security deposit
  • Fast, easy application process. Choose your credit line and open your Personal Savings Deposit Account to secure your line
Rates & Fees
  • Regular Purchase APR: 9.99%
  • Cash Advance APR: 18.99%
  • Cash Advance Transaction Fee: Either $5 or 5% of the amount of each cash advance, whichever is greater.
  • Annual Fee: $49
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars.
  • Late Payment Penalty Fee: Up to $29
  • Return Payment Penalty Fee: Up to $29
Credit Card Deals
  • Spoil your pup with a FREE upgrade to BarkBox. - Offer Expires on December 31, 2020 - See Details
  • Save 10% on all Afternoon Tea orders - Offer Expires on December 31, 2020 - See Details
  • Save 10% on The Berlin Pass - Offer Expires on December 31, 2020 - See Details
  • Complimentary EZ Mini Crunchies (60g) when you spend S$120 - Offer Expires on December 31, 2020 - See Details
  • 10% off museum entry - Offer Expires on December 31, 2020 - See Details
  • Save up to 55% on London theater tickets - Offer Expires on December 31, 2020 - See Details
  • Save an extra 10% on Tower of London access tickets - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Alamo® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save 5% with Enterprise Rent-A-Car® at participating locations - Offer Expires on December 31, 2020 - See Details
  • Save an extra 5% on The Paris Explorer Pass - Offer Expires on December 31, 2020 - See Details
  • View All Deals -

#

What Is a Bad Credit Score?

A bad credit score is a score that falls below what credit reporting bureaus deem to be average, or “fair.” Bad scores indicate that a person is at a higher risk of missing payments, making late payments, or defaulting on their loans.

To put it bluntly, a bad or poor credit score tells a bank or lender that an individual is less creditworthy than someone with a higher score. Fortunately, credit scores are not set in stone. Instead, they are easily changeable through proactive measures and following financial best practices.

Credit Score Range

Before fixing a damaged credit score, it is crucial to understand what a credit score is, and what is considered good, bad, or ugly by different credit reporting bureaus. The two main credit scoring models that banks use to gauge creditworthiness are FICO and VantageScore.

FICO Score

FICO is the oldest of the credit scoring systems, and as such, is the most popular among banks. A FICO score ranges from 300 to 850, with ratings ranging from Very Poor (bad) to Exceptional.

The FICO scoring model breaks down as follows:

FICO credit score bad credit

VantageScore

VantageScore is a newer scoring model created by the three leading credit agencies: Experian, Equifax, and TransUnion. Like FICO, VantageScore ranges from 300 to 850, but places more scoring weight on newer credit histories than FICO.

The VantageScore model breaks down as follows:

Vantagescore credit bad credit score

What Influences a Credit Score?

As you can see from both models, there are plenty of Americans currently struggling with a sub-prime or bad credit score. But what are the items and factors that influence credit scores?

FICO places significant weight on payment history, as this is the biggest indicator of a person’s ability to repay any new credit they may receive. Nearly as important is the amount of available credit that individual is currently utilizing, which makes up 30% of the score.

Of less significance, but still important) are the types of credit a person has, the number of hard inquiries they have in the past 12 months, and the length of their overall credit history. VantageScore places a much greater emphasis on types of credit (or credit mix) than FICO. Equally important, however, is payment history.

how to fix your credit infographic

How Bad Credit Can Hurt You Financially

What impact can a bad credit score have on your financial life? Or even your everyday life, for that matter?

Tougher to Receive Credit

The most obvious impact of bad credit is a more difficult time getting approved for new lines of credit. Those with poor credit will struggle to get most credit cards with a few notable exceptions. Banks are much less willing to extend credit to those with bad credit, and only credit cards for bad credit or secured credit cards will be an option. People with bad credit will also struggle with getting personal loans, car loans, and mortgages.

Related Article: What is the easiest credit card to get with bad credit?

Higher Loan Terms

Poor credit will not eliminate any chances at getting cards or loans, but those lines of credit will come with less favorable terms. Loans and credit cards for poor credit feature very high-interest rates, higher annual fees, and potentially monthly service fees.

Difficulty Renting Apartments

Poor credit directly impacts your ability to find housing. Landlords may be less willing to take a risk with someone with bad credit, viewing them as a potential liability.

Loss of Employment Opportunities

Bad credit can even impact your professional life. Many employers access the credit reports of potential hires to see if they are a trustworthy, reliable individual. While companies can’t access your credit score, the information on your report may make you seem like a liability. Some government agencies won’t hire people with poor credit, viewing them as a security risk due to their financial situation.

How to Improve a Bad Credit Score

Bad credit has serious ramifications in everyday life. Fortunately, there is something you can do about it! Here are some of our top tips for improving your credit score:

  • Check Your Credit Score: The first thing you should do is check your credit score to see where you stand. You might already know your credit score is bad, but how far down on the scale, does it go? Knowing how fast you can improve your credit from “bad” to “fair” is crucial to making a financial plan of attack.
  • Get a Credit Card for Bad Credit: Part of boosting your credit score is increasing your use of credit. For those with bad credit, this may seem counter-intuitive. After all, if your score is already and, how can you get a credit card? Fortunately, there are many unsecured credit cards for poor credit and secured cards that can help you repair your credit score.
  • Always Pay on Time Every Month: As seen in the scoring models, payment history is the biggest factor in your credit score. Because payment history is so important, paying your credit card bill on time each month is essential to boosting sub-prime credit. Missed payments stay on a credit report for seven years. This means they can harm your score for years to come.
  • Keep Your Credit Utilization Low: Credit utilization is as important as paying on time. Credit utilization shows lenders how you use your credit. Those who keep their credit use below 30% can expect their score to improve, while those who use less than 10% can expect a much faster score rise. Using too much of your available credit may make banks think you are stretching yourself thin financially. This makes you a greater risk in their eyes.

What Are the Best Credit Cards for Bad Credit?

Bad credit scores do not automatically mean you can’t get credit cards. There are credit cards for bad credit with no deposit. A bad score simply means your options are limited.

Secured Cards for Poor Credit

What are the best secured cards of 2020?

Secured credit cards are one of the best options for those with poor credit. They work by requiring a cash deposit that also acts as the credit line. This deposit makes the line of credit less of a risk to lenders, meaning they are easier to get – even with bad credit.

Secured cards work in the same way as a traditional credit card, just with an initial deposit. Want to raise your credit limit? Increase your deposit. Make your payments on-time, and you can even graduate to an unsecured card.

When you close your account, your deposit is returned, provided your account is in good standing.

The Best Secured Cards for Bad Credit

Unsecured Credit Cards for Bad credit

There are also several good unsecured credit cards for bad credit scores. These cards differ from secured cards in that they don’t require a security deposit. They are your traditional credit cards, just designed for rebuilding credit.

While secured cards are ideal for someone whose credit journey started without a credit score, unsecured cards are great for people whose score is bad. The lack of deposit requirement means no prepaid card limits and more available money in your bank account.

Credit cards for bad credit (no deposit) usually feature an annual fee, which can range from around $30 to $99 depending on your credit history and score. These cards also have higher interest rates and fees for late payments. Of course, those serious about repairing their credit score won’t have to worry, as paying your balance in full and on time won’t result in any interest payments at all.

The Horizon Gold Card and Group One Platinum Card are the closest things to a guaranteed approval secured credit card for bad credit. These cards offer an intro $500 line of credit to the Horizon Shopping Outlet and regularly report to the major credit bureaus.

The Best Unsecured Credit Cards for Bad Credit

Another great unsecured card for bad credit is the First Digital NextGen Mastercard®. The First Digital NextGen Mastercard® is a sleek and straightforward credit card for people with bad credit scores. NextGen receives its name from its streamlines – and easy – application process, creating a new way to look at repairing damaged credit.  Start with a respectable, $300 credit limit, and work your way towards a credit line increase with on-time payments and financial responsibility.

Tips for Finding the Perfect Bad Credit Card

There are thousands of credit cards for bad credit on the market today. These include secured cards and unsecured cards. Some cards are from larger issuers, such as the Capital One Secured Mastercard. Others are from smaller banks, like the OpenSky Visa.

With so many options to choose from, how can you determine what the right credit card is for your credit score and needs? Here are some key factors to examine when deciding on your next credit card:

  • APR: Pay close attention to the interest rates that your card charges. Some cards may offer a fixed-rate, meaning the APR won’t vary based on creditworthiness. Others have a variable APR. A variant rate means people with different credit scores get a different rate.
  • Fees: Always read the terms and conditions before choosing a card. Some cards feature hidden fees, making it very expensive to miss payments or even use the card every day. These conditions are available on the web sites of the card issuer, as well as on our comprehensive review pages.
  • Credit Score Needed: Always check the credit score you’ll need to apply. Again, BestCards always includes this information in our reviews. Some cards, like the Total Visa, require no credit or poor credit. This low credit needed requirement makes it a very accessible option.
  • Credit Bureau Reporting: Make sure your card regularly reports to the three major credit bureaus. Monthly reporting is key to building your credit score. This is especially true if you practice good financial habits and pay your balance in full every month.

Find the Best Card for Rebuilding Credit Today

The team at BestCards.com knows how hard it can be to rebuild credit, especially without the right tools and knowledge. That’s why we strive to provide insightful credit card reviewsas well as informative articles and advice to guide you. Take advantage of these resources and more to find credit cards for a 500 credit score, credit cards for a 550 credit score, or anywhere in between!