Even if a credit card has a very high interest rate or requires a security deposit, using it properly will rebuild your credit and improve your credit score. By properly managing your finances, eventually you will qualify for better credit card offers and be able to leave the cards for poor credit behind. Dec 29, 2020 The best unsecured credit card for bad credit is the Credit One Bank® Visa® Credit Card because it has a $300 minimum credit limit, its annual fee could be as low as $0 (or as high as $99), and you don't have to put down a security deposit. The Credit One Visa also gives cardholders 1% cash back on select purchases. Oct 06, 2020 A secured credit card is one that requires you to put a security deposit down to open your account. This amount can range from a couple of hundred dollars up to a few thousand, depending on the card. This amount can range from a couple of hundred dollars up to a few thousand, depending on the card.
We think it's important for you to understand how we make money. It's pretty simple, actually. The offers for financial products you see on our platform come from companies who pay us. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials.
Compensation may factor into how and where products appear on our platform (and in what order). But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. That's why we provide features like your Approval Odds and savings estimates.
Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can.
These offers are no longer available on our site: Capital One® QuicksilverOne® Cash Rewards Credit Card, Capital One® Platinum Credit Card
Building credit can take time, and you may not want a secured card if you don't have enough cash to cover the security deposit. Fortunately, you might qualify for a second-chance credit card with no security deposit.
If you have bad credit, second-chance credit cards may help you improve your credit health. But as unsecured cards, they don't require that you put any money down upfront as a security deposit. Here are our picks for the top second chance credit cards.
Best for cash back rewards: Capital One® QuicksilverOne® Cash Rewards Credit Card
From our partner
Capital One® QuicksilverOne® Cash Rewards Credit Card
4.5/5
From cardholders in the last year
Ringmaster no deposit codes 2017. Here's why: The Capital One® QuicksilverOne® Cash Rewards Credit Card offers unlimited 1.5% cash back on each $1 spent on every purchase, making it a good option for racking up rewards while you work on rebuilding your credit.
Even if you've defaulted on one loan in the past five years, you might still qualify for the card. Other negative credit report items, though, could make it difficult to get approved. On top of the card's rewards program, you can also get automatic reviews for a a higher credit line in as few as six months, if you pay on time.
The Capital One® QuicksilverOne® Cash Rewards Credit Card has an annual fee of $39, which you can offset if you spend at least $2,600 each year. Benefits include no foreign transaction fees, the ability to create virtual credit card numbers when shopping online to keep your actual card number more secure, and travel-accident insurance.
The Capital One® QuicksilverOne® Cash Rewards Credit Card has a variable APR of 26.99% for purchases. That's pretty high, so you'll want to avoid overspending or carrying a balance from month to month. You'll also want to avoid paying late because the card charges a late fee of up to $39.
If you're interested in learning more, read our editorial review of the Capital One® QuicksilverOne® Cash Rewards Credit Card.
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Best for no annual fee: Capital One® Platinum Credit Card
From our partner
Capital One® Platinum Credit Card
0.0/5
From cardholders in the last year
Here's why: Annual fees are common with second-chance credit cards with no security deposit. But with the Capital One® Platinum Credit Card , you can use the card to work on improving your credit without worrying about that yearly cost.
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The Capital One® Platinum Credit Card doesn't offer rewards. But if your top priority is building credit, then getting cash back, points or miles may not be an important feature for you. Like the Capital One® QuicksilverOne® Cash Rewards Credit Card, the Capital One® Platinum Credit Card offers automatic reviews for a higher credit limit in as few as six months.
The Capital One® Platinum Credit Card also has no foreign transaction fee, offers the option to create virtual credit card numbers and offers travel-accident insurance.
The Capital One® Platinum Credit Card's variable purchase APR, at 26.99%, is also high. So make sure to pay your balance in full and on time each month to avoid interest charges, or you risk a late-payment fee of up to $39.
You might still be able to qualify for the Capital One® Platinum Credit Card if you have one defaulted loan in the previous five years, but you may not get approved if you have other negative information on your credit reports.
Read Credit Karma's editorial review of the Capital One® Platinum Credit Card to find out if this card is right for you.
Best for borrowers with a bankruptcy: Indigo® Platinum Mastercard®
From our partnerIndigo® Platinum Mastercard®
0.0/5
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From cardholders in the last year
