If you’re looking for a credit card for people with bad credit, there are several options. Among them, the Discover it(r) Secured Credit Card charges no annual fee and gives up to 2% cash back on your purchases. In addition, you can double the rewards you earn the first year.
Discover it Secured
If you have bad credit or no credit history, the Discover it Secured credit card may be the perfect choice for you. This credit card offers low fees and rewards while reporting payments to the three major credit bureaus. In addition, you can graduate to an unsecured credit line after seven months. However, as a secured card, the Discover it Secured does have some drawbacks. There are better options out there that may offer better rewards and higher credit limits.
The Discover it Secured credit card for bad credit offers a rewards program that lets you earn cash back on your purchases. The cash back you earn varies from one merchant to the next, but you can expect to earn 1% of your purchases with this card. However, you should limit your purchases to 30% of your credit limit to avoid exceeding the limit.
Capital One Quicksilver Secured Cash Rewards Credit Card
The Capital One Quicksilver Secured Cash Reward credit card comes with a low, introductory APR of 18.99%, a $0 annual fee, and a 1.5% cash-back rate on all purchases. This card also doesn’t charge any foreign transaction fees. This is an excellent option for people with bad credit looking to boost their credit score.
If you’re looking for a credit card that will help you rebuild your credit, consider the Capital One Quicksilver Secured Cash Reward Card. This card offers 1.5% cash back on all purchases and is designed specifically for consumers with a limited or fair credit history.
Capital One Platinum Visa for Rebuilding Credit
If you are considering a credit card for repairing your credit, you should know that you have many options. The Credit One Platinum Visa for Rebuilding Credit is a great option for those who want to build their credit. This card provides a low-limit credit line and helps you establish responsible payment habits.
This card comes with a low security deposit and offers a $1,000 credit line. While other credit cards require a $200 or $300 security deposit up front, this card requires none. It also earns 1% Cash Back on your eligible purchases and services.
Discover it Student Cash Back
The Discover it Student Cash Back credit card for bad credits offers no annual fee, unlimited cash back, and no spending minimum. Plus, it has a special Cashback Match feature that doubles your cash back up to $200, and it doesn’t require you to do anything to activate it. You’ll earn 5% cash back on rotating categories each quarter, and 1% cash back on all other purchases.
To qualify for the Discover it Student Cash Back credit card, you must have a fair or good FICO score. Fair credit is 580 or higher. Applicants must also be enrolled in college, be 18 years old, and have a U.S. mailing address and Social Security number.