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Poor credit cards are credit cards for people with bad or poor credit and want to rebuild or establish their credit.
Do You Have Bad Credit?
Credit Cards for Bad/Poor Credit
Simply getting a credit card will not help you build your credit history. Making on-time minimum payments with all of your creditors and keeping account balances low relative to the credit limit are key to receiving positive marks on your credit history. Prepaid debit cards, unlike credit cards, do not provide a line of credit and do not influence your credit history. Choose from secured and unsecured credit cards, and prepaid card offers below - some of them are fee-based.
Credit One Bank® Cash Back Credit Card
See if you Pre-Qualify without harming your credit score
1% cash back on eligible purchases, terms apply
No deposit requirements and opportunities to build your credit
Enjoy the flexibility to choose your payment due date. Terms apply.
Receive opportunities for credit line increases, a fee may apply
Capital One® Secured Mastercard®
No annual fee, and all the credit building benefits with responsible card use
Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness
Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
Easily manage your account 24/7 with online access, by phone or using our mobile app
It’s a credit card accepted at millions of locations worldwide
First PREMIER® Bank MasterCard® Credit Card
Have a checking account? Apply today!
A credit card offer for those currently building credit history
All credit types welcome to apply!
Quarterly FICO score on your monthly billing statement.
Chip card technology, so paying for your purchases is more secure at chip-card terminals
Make your payments on time each month, and keep your balance low relative to the credit limit, for positive marks on your credit report.
The next First PREMIER Bank credit card customer could be you!
OpenSky® Secured Visa® Credit Card
No credit check necessary to apply. OpenSky believes in giving an opportunity to everyone.
The refundable* deposit you provide becomes your credit line limit on your Visa card. Choose it yourself, from as low as $200.
Build credit quickly. OpenSky reports to all 3 major credit bureaus.
99% of our customers who started without a credit score earned a credit score record with the credit bureaus in as little as 6 months.
We have a Facebook community of people just like you; there is a forum for shared experiences, and insights from others on our Facebook Fan page. (Search "OpenSky Card" in Facebook.)
OpenSky provides credit tips and a dedicated credit education page on our website to support you along the way.
Credit One Bank® Unsecured Platinum Visa®
No security deposit required. Get a 100% unsecured card that can help grow and build credit.
Focused on growing or rebuilding your credit? We report account activity to all three major credit bureaus each month to help keep your credit score up-to-date.
Find out if you're Pre-Qualified without harming your credit score. It's fast, easy, and secure.
Looking for more credit? Get credit line increase opportunities, a fee may apply
Get 1% cash back on eligible purchases including gas, groceries, and services such as mobile phone, internet, cable and satellite TV. Terms apply.
Your account is safeguarded against unauthorized charges with Zero Fraud Liability at no additional charge
Stay in-the-know about your account with custom email and text alerts that remind you of your payment due date, notify you when a payment posts, or warn you if your available credit runs low
Find out your credit score which determines what kind of credit you have. When you are reviewing a credit score where the range runs from 300 – 850, you can generally assume the following:
Great Credit: 760 – 850
Good Credit: 680 – 760
Fair Credit: 620 – 680
Bad Credit: Below 620
There are several reasons you can fall into the “bad credit” category:
You don’t make timely payments
You have an account in collections
You have declared bankruptcy or you are going through foreclosure
These faults can make you a risky candidate to get an approval for credit cards or loans.
It is also likely that you do not have any credit history at all. In either case, responsible use of credit cards can help you build or boost your credit score. If you manage to make all payments on time and keep the credit card balance low, your credit card score will rise with time. Subsequently, you will have access to better credit card offers and loans.
How can I fix horrible credit?
Trying to quick-fix your horrible credit is not a good idea. It is only going to make you fall flat on your face. When it comes to credit histories, credit bureaus pay attention to good credit
behavior and that can only happen over time. That is why you should always beware of advice that promises it will fix your bad credit in no time at all. It just does not happen that way.
The best advice you can get for improving your horrible credit is to manage it in a responsible way over time.
Start repairing your credit history and your credit score will show a corresponding increase over time.
Here are tips to fix bad credit.
It starts with a credit check.
This is the first thing you can do. Unless you know exactly what your credit report looks like, how are you going to fix it? You can request a free copy of your credit report from the three credit bureaus in the United States. You can then start checking for errors. Errors do happen and even if you can find only a small one, it can better your credit score. Most importantly, you need to check whether there are any late payments incorrectly mentioned on your report. If you find an error, you can take it up with the concerned bureau or agency.
It is easy to forget to pay your credit card or loan payments on time every month with busy work schedules. Why not set up payment reminders? Most banks have online portals today which make it easy to set up payment reminders. Some will also allow an automatic transfer of money to your credit card companies on time but since they will only make the minimum payments due, it may not be a good idea to completely depend on these. Payment reminders which instill in you money management skills are a better option.
Reduce your debt
In today’s world, most people are in some sort of debt. If you want to fix your horrible credit, it may well be because you have not paid attention to reducing your debt. Taking solid steps to reduce the total amount of debt you owe, whether it is to credit card companies or on your house mortgage, is essential. For this, you have to come up with a solid payment plan and then start reducing your debt. Being on top of your debts and making sure that repaying them is your top financial priority every month is very important.
Stay current on your payments
Your horrible credit may also be because you have missed a lot of payments. This is certainly not a good thing. Staying current with your payments is important because the longer you take to pay your bills; the worse it is for your credit score.
Good credit behavior is an important ingredient to financial well-being. If you have taken it for granted, it’s high time you sat up and took steps to improve your bad credit history.
Articles on Poor or Bad Credit
Credit Cards for Bad Credit |Solving Credit Problems | Consolidate Your Debt | Bad Credit Credit Cards