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No one is immune to money troubles – most of us have been in a tight financial spot at least once in our lives. Whether it’s because of unemployment, illness, divorce or other family issues, or gotten in over your head due to student loans, medical bills or other expenses, your credit score may have suffered. But good news – no matter how far your score has fallen, there is always a way to improve it.
Some of the most preferable options are to get a secured credit card, become an authorized user on another account or simply get a prepaid card. While the last way won’t lead you to the credit improvement directly (prepaid cards help you form a habit of managing your finances wisely), the first two can become your first step towards good credit.
Limited / Bad Credit
You can apply if: you have defaulted on a loan more than once or have been declined for a credit card in the last 3 months.
No Processing or Application Fees Summary of Card Features:
- Build credit with responsible use with no processing or application fees.
- Regular reporting to the 3 major credit bureaus.
- Monitor credit with access to a credit score and other tools.
- Your security deposit can get you a line up to $3,000.
- You may qualify for a credit line increase based on your payment history and creditworthiness.
- Use it like any MasterCard credit card, accepted at millions of locations worldwide.
| Annual Fee | $29 |
| Regular APR | 22.9% (V) |
| Reporting Credit Bureaus | Yes |
| Inst. Response | No |
- Great for rebuilding your credit.
- Doesn´t have foreign transaction fees.
- Allows you to earn a credit limit increase.
- High standard APR.
Bad Credit
Required FICO score for this card: 350 to 619
You can apply if: you regularly miss or skip payments and max out your credit balance; you have more than one foreclosure, repossession, or a bankruptcy declared.
Guaranteed $500 Unsecured Credit Limit Summary of Card Features:
- $500 Credit Limit.70
- Guaranteed approval for unsecured credit line.
- No Credit Check.
- Fast Online Application.
- No Employment Check.
- Reports to a Major Credit Bureau.
- Bad Credit accepted.
- Always 0.0% APR.
| Annual Fee | See website |
| Regular APR | 0.00% |
| Reporting Credit Bureaus | Yes |
| Inst. Response | Yes |
- Reports to a major credit bureau.
- Fast approval.
- Maximum credit limit of $500.
Bad Credit
Required FICO score for this card: 350 to 619
You can apply if: you regularly miss or skip payments and max out your credit balance; you have more than one foreclosure, repossession, or a bankruptcy declared.
No Annual Fee Summary of Card Features:
- Affordable Monthly Payments.69
- No Annual Fee.68
- No Over Limit Fee.68
- Get Response in 60 seconds.
- No down payments, no layaway and no surprises.
- We often say "YES!" when others say "No".
| Annual Fee | $0 |
| Regular APR | 24.90% |
| Reporting Credit Bureaus | Yes |
| Inst. Response | Yes |
- No annual fee.
- Quick approval.
- Good for people with less than perfect credit.
- High APR.
Bad Credit
Required FICO score for this card: 350 to 619
You can apply if: you regularly miss or skip payments and max out your credit balance; you have more than one foreclosure, repossession, or a bankruptcy declared.
Monthly reporting to all 3 major credit bureaus Summary of Card Features:
- Get Approved Fast. Just Click Below to Start the Process!
- See if you´re pre-approved in as little as 60 seconds with no harm to your credit score!
- Receive Your Card More Quickly with New Expedited Processing Option.
- No Credit History or Minimum Credit Score Required for Approval.
- Quick and Complete Online Application.
- Full-Feature Platinum MasterCard® Secured Credit Card.
- Good for Car Rental, Hotels; Anywhere Credit Cards are Accepted!
- Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History.
- Credit Line Secured by Your Fully-Refundable Deposit of $300 -- $2,000 Submitted with Application.
- Just Pay Off Your Balance and Receive Your Deposit Back at Any Time.
- 24/7 Online Access to Your Account.
- Nationwide Program though not yet available in NY, IA, AR, or WI.
| Annual Fee | $29 |
| Regular APR | 19.99% (Variable) |
| Reporting Credit Bureaus | Yes |
| Inst. Response | Yes |
- Easy approval.
- No minimum credit score requirement.
- Accepted anywhere that takes MasterCard.
- Requires a minimum security deposit of $300.
Any Credit
Required FICO score for this card: Any
You can apply if: you don’t know your credit score. You can be approved for this card regardless your credit history.
Credit Offers for any History: Good Credit, Bad Credit, or No Credit Summary of Card Features:
- Find the right card offer for you regadless if you have Good Credit, Bad Credit, or No Credit.
- Get Response in 60 seconds.
- Fast Online Application.
- Reporting to the 3 Major Credit Bureaus.
| Annual Fee | See website |
| Regular APR | See website |
| Reporting Credit Bureaus | Yes |
| Inst. Response | Yes |
- Get Response in 60 seconds
- Fast Online Application
No time to get desperate – fix credit!
Despite the fact that you are drowning in debt and thinking that you are completely and utterly ruined your credit score, there still is a credit card you can apply. In fact there are several options to improve bad credit. They are:
- Secured cards:
These cards give you a line of credit on the condition that you put down a deposit to act as collateral. That protects the lender in case you default. The deposit is usually equal to the line of credit you will be granted. Most secured cards report to credit bureaus, so your regular payments and good use of the card will help your credit score improve. Just make sure the secured card you choose reports to credit bureaus – and beware of high fees. Choose a card that charges reasonable fees. - Becoming an authorized user on another account:
Think of it like getting someone to cosign a loan for you. If you have a family member who is willing to apply for a credit card and add you as an authorized user, your careful and responsible use of that card can help your credit score. This is known as “piggybacking,” and it’s a legitimate way that many people give their credit a lift when they get stuck with a low credit score. - Co-branded or shopping credit cards:
Constantly shopping on line you probably thought about getting a credit line from your favorite or one of the popular retailers, like Walmart, Fingerhut, Gettington or some others. Rebuilding credit with shopping credit cards is as real as ground under your feet. Wise and responsible credit use always works when it comes to credit repair. So applying for a shopping credit card to rebuild credit can be a good choice. - Prepaid cards:
Although these cards do not help your credit get better, they are a good option if you cannot get another type of credit card due to damaged credit. They offer the convenience of a credit card but are available to anyone – no credit check is needed. Use a prepaid card while you get back on your feet financially for those situations where you really need to pay for purchases with a card.
Our Experts about Bad Credit Cards
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Small purchases, on-time payments, responsible use
Rebuilding credit takes patience and diligence. The key is to find the card that works for you and use it carefully and responsibly. That means doing a few things over several months or years, depending on how damaged your credit is. Make small purchases and pay off your balance on time to improve your creditworthiness.
Making small purchases means not spending more than you can easily pay off each month. If you get a secured card or get a card as an authorized user – you do need to use the card to make purchases to fix your credit history. Avoid the temptation to make purchases you cannot afford to pay off.
Always make payments on time – this is very important when you are repairing credit. It is a good idea to set up automatic payments so you never miss a due date. Depending on the card you use, you can also often set up text and email alerts so you know when a payment is due.
Using your card responsibly means staying under the credit limit and abiding by the credit card agreement. In time your credit score will bounce back and reflect your responsible use of credit. Credit card issuers will see that you are a good risk and that you are very likely to pay your debt.
Once you improve credit score, you will be eligible for lower rates, more rewards, and different credit cards. But you do have options to repair your credit, so take advantage of the best one for you now.
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Rebuild Credit Video
Build Your History from Scratch with Credit Cards
July 18, 2012
Bad Credit Cards
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68 The Fingerhut Credit Account is offered to US residents by WebBank, a Utah-chartered industrial bank, located in Salt Lake City, UT. Member FDIC, who determines eligibility and qualifications for the terms of credit.
69 If you apply and are accepted for a Fingerhut Credit Account issued by WebBank, who determines eligibility and qualifications for the terms of credit.
70 Click apply to view See Card Terms & Conditions for Details.