If you have bad credit, it can be hard to get approved for a credit card. But that doesn't mean you should give up on the idea of getting one! There are plenty of options out there for people with poor to average scores. In fact, some cards offer sign-up bonuses as high as $500 when you spend $500 in the first 90 days after opening your account.
Discover it Secured
If you have bad credit, Discover it Secured can be a good option for you. You won't have to worry about paying an annual fee (the card has no fees) and it's easy to get approved for the card, since only 5 percent of applicants get turned down.
This card offers the same great features as the other two cards on this list: no annual fee and online shopping benefits like free shipping when you spend $50 or more in one purchase at one retailer per calendar year. But with your good credit score, there shouldn't be any problems getting approved—and if you do need help doing so, they'll even provide assistance via phone call or email!
USAA Secured Card American Express
USAA is a service that provides insurance and financial services for military families. The USAA Secured Card is available to members with an FICO credit score of 550 or below, and it comes with no annual fee, no credit check and interest rates between 10.49% to 25.24% (depending on your credit score).
The maximum line of credit you can get is equal to the amount that was deposited into your account when applying for this card! You can deposit as little as $200 if necessary, but there are some limitations on what types of purchases will trigger additional fees or penalties if they're made using this card: no gambling transactions, no cash advances against collateralized assets such as homes or boats, etc.
Credit One Bank® Unsecured Visa®
Credit One Bank® Unsecured Visa® is a great option for those with bad credit. First, it has no annual fee and requires only a minimum of 600 on your FICO score. Second, it requires a deposit of $200 and a minimum credit limit of $200 to open an account—you can make one payment in full each month until you reach the limit or close your account (whichever comes first). Third, there are no rewards programs associated with this card: no points or cash back miles!
Fourthly and finally: this card will work anywhere Visa is accepted around the world so long as you have enough money in reserve to cover any unexpected expenses like parking fees outside museums or restaurants that don't accept tips as part of their service charge (which can be quite high).
Capital One® QuicksilverOne Cash Rewards Credit Card
The Capital One® QuicksilverOne Cash Rewards Credit Card is a great choice if you have bad credit. It comes with no annual fee, and it offers 1% cash back on all purchases. Plus, there are other benefits as well:
5% cash back on purchases in rotating categories each quarter (on up to $1,500 per quarter)
Up to $200 cash back when you make at least $2,000 in purchases during the first 3 months of your account opening (then returns to 1%)
Wells Fargo Platinum Visa Credit Card
The Wells Fargo Platinum Visa Credit Card is a great option if you have bad credit and are looking to build it. It offers a low APR on purchases, plus no annual fee and no foreign transaction fees.
The Wells Fargo Platinum Visa Credit Card works well for people who want rewards or want to pay bills online—and if you use the card for purchases, you can also earn cash back (1%) on every purchase.
Total Visa® Unsecured Credit Card
This card is for people with bad credit. If you have a low score, it's likely that you'll be denied approval because of your poor credit history. However, if you're willing to make small payments on time and pay off the card in full each month (or at least pay enough to have some wiggle room), then this may be an option for you.
The minimum income requirement is $1000 per year ($10 000 total). You also need at least 550 FICO score (a score between 500–699) to qualify for this card and receive an approval letter from Total Visa® Unsecured Credit Card Issuer LLC. The maximum approval limit is $300 000 with this offer – though only one person can apply per household!
Discover it chrome for Students (Secured)
The Discover it Chrome for Students is a good card for students with no credit. It has no annual fee and offers 0% intro APR on purchases and balance transfers for 9 months, then 13-22.99% variable APR after that (based on your creditworthiness). You also get 3% cash back at restaurants and gas stations on up to $1,000 in combined purchases each quarter—and you can redeem those rewards as cash or statement credit to help build your credit score.
Journey Student Rewards from Capital One®
If you have limited or no credit history, Journey Student Rewards from CapitalOne® is a good option. It has no annual fee, no foreign transaction fees and a low APR. The card is issued by Capital One, which is known for its high credit limits and reasonable terms.
Citi® Secured Mastercard®
The Citi® Secured Mastercard® is a great option for those with bad credit. It has no annual fee, and you can even get it without paying a deposit or getting approved by making an application.
All you need to do is have at least $200 in your account and apply online through Citi's website. Once they approve your application, they'll send over the card in the mail within 5 business days.*
The interest rate on this card is 16%, which is lower than most other credit cards out there that offer similar benefits (like 0% APR on balance transfers). In addition, its minimum monthly payment amount is only $15 until December 31st of each year—so if you're trying to build up some good habits before December 31st comes around again next year!
Capital One Secured Mastercard
This card has a $49 annual fee and is issued by CapitalOne. It has a variable APR of 24.74% (up to 29.99%) and no foreign transaction fees, which is good for those with bad credit who may travel abroad often.
The card's credit limit ranges from $200 to $5,000, so it can be used for small purchases like groceries or gas while still being flexible enough to accommodate larger purchases that require multiple transactions in one month (for example: rent).
Conclusion
So there you have it, 10 of the best credit cards for bad credit. You don’t have to be stuck in debt or worry about your finances if you apply with these cards. And if you do decide to apply, remember that the best way to get approved is by having a solid income and good credit history. Good luck!