Credit cards for people with bad credit – Having a credit card will help you to do many transactions easily. However, the credit card also holds some risk. Using it means you will add more debt to your credit history. Therefore, if you have the bad credit history, the credit card will only make it worst. Fortunately, credit card companies offer a solution for this matter.
They have credit cards for people with bad credit. This type of credit card won’t give you too much problem on your credit history. Moreover, some of the product can even be used to build your credit score. Are you interested? Here, we have several credit card products that were specially made for people with bad credit.
4 Best Credit Card Products for You Who Have Bad Credit History
Capital One Secured MasterCard
This card doesn’t have an annual fee. Moreover, you don’t need to deposit too much money to start using this credit card. The minimum deposit you can make for applying this credit card is only $49 and, you will also get $200 line of credit that you can use. However, the amount of this first bonus is affected by your credit condition as well. Basically, that $200 is the maximum bonus you can get after your first deposit. If you deposit more money, you will also have a bigger chance to get the higher credit line. There is a requirement to get these bonuses. You must pay the monthly fee on time.
This card also has the CreditWise feature that is provided by Capital One. This feature allows you to find out about your credit score. You also can use this feature to monitor your profile and credit condition. The other great feature is you can choose the due date for the monthly fee. Therefore you can plan your finance much easier with this credit card.
Indigo Platinum MasterCard
If you have a bad credit history, plus you also have filed for bankruptcy in the past, this card is a great choice for you. As we all know, when you file a bankruptcy, your credit history won’t change for seven to 10 years. Therefore, even though you try to repair it, you won’t get the result that you want. With bad credit history in the first place, it will give you even the worst situation. So, do not ever dreamed to have a credit card. But, this card is different.
Indigo Platinum MasterCard doesn’t have any requirement that rejects the applicant with bankruptcy status as well as bad credit history. Therefore, you can apply for this card without any problem. However, you also need to do some effort, in order to improve your credit score and avoid penalty. What you need to do here is pay the monthly fee on time. You don’t need to make a security deposit as well. This feature makes this card become the most affordable credit card for people with bad credit.
Credit One Bank Unsecured Visa with Cash Back Rewards
Usually, unsecured credit card won’t be available for people with bad credit and it also won’t give their holder the rewards. However, this credit card has all of those bonuses. The cardholder will get 1% cash back bonuses when they use this card for a transaction. The Credit One Bank doesn’t limit or specify on what kind of transaction you can use to get this 1% bonus. Basically, the everyday transaction, such as groceries, internet fee, TV service, dining, and others, will net you the 1% cash back bonus.
You also can adjust the due date for your credit card payment every month. This is a great feature that allows you to plan how you will manage this credit card. That means you can prevent your bad credit status turn into worst status. If you want to adjust the due date, you need to do it when you make the initial deposit.
Just call the customer service and choose the date that you want. However, there is the limitation here. You can only to change the date within the range of 6 days before or after the initial due dates that the company give to you. Overall, this credit card is a good choice for the credit card where you can get the reward and build your credit score.
Milestone Gold Master Card
Milestone Gold MasterCard this is another credit card that also accepts the applicant with bankruptcy status in their credit history. In order to get this credit card, you need to pass the pre-qualification. The pre-qualification process also affects the annual fee that you need to pay. This process will take a look at your credit score. Your creditworthiness will then affect how much annual fee that you need to pay, from $35 to $75. You also need to pay the opening fee.
However, the amount is not that big. You only need to pay from $5 to $50. This amount can be considered to be the lowest opening fee you can find for a credit card. However, you also need to pay more attention to other fees that you might need to pay, which only add more weight to your finance.
For example, you need to pay $25, if you want to authorize your account. Or, if you make a late payment, you must pay for the various amounts of the late fee up to $38. With MasterCard support, you also can use it almost anywhere. As we all know, there are many merchants that accept the credit card from this brand. Therefore, you won’t have a problem to pay for your transaction.
Credit cards for people with bad credit Video
Those are several credit card products for you who have bad credit. All of them have an easy requirement and fee that won’t give you any problem. However, although they are specially made for people with bad credit, a credit card is still a credit card. If you can’t manage it, it will only give you more financial problem. Moreover, with your bad credit condition, you don’t want to make it worst, don’t you? In fact, before you apply for any credit cards for people with bad credit that we’ve explained above, you need to consider your credit status. Just make sure that it won’t give you any problem. Otherwise, they will become a great financial option you can use