7+ credit cards for people with little to no credit | finder.com

Seven credit cards for people with bad or poor credit

Go from poor credit to good credit with these cards — and a budget.

30% of all Americans have poor or no credit.
You can work to rebuild your credit with a secured credit card.

Apply for one of these cards and get prequalified in 60 seconds.

  • Good for credit. Applying for these cards will not affect your credit score.
  • Cash back. Some cards offer a percentage cash back for purchases.
  • No application fee. It’s free to apply for these cards.
Credit One Bank® Unsecured Platinum Visa®

Our Pick: Credit One Bank® Unsecured Visa® for Rebuilding Credit

Credit One Bank® has made the Visa® credit card available to consumers with a low credit score in an effort to offer them the opportunity to re-establish their credit. And because it is an unsecured credit card, it doesn’t require collateral, such as a large sum of money upfront, in case of default.

  • Available to consumers with a low credit score.
  • No application fees — no money required to open an account.
  • Easy to apply.

    Other cards you can apply for with low credit

    Don’t like our #1 choice? Here are six other cards that made our top list of credit cards for those with low credit. These cards are easy to apply for and accept applicants with low credit scores.

    Rates last updated April 23rd, 2018
    Name Product Product Description APR for Purchases ( Purchase Rate ) Annual fee Minimum Credit Score
    Credit One Bank® Unsecured Platinum Visa®
    Give your credit a boost with credit line increase opportunities, a fee may apply.
    19.15% - 25.24% variable
    $0 to $75 first year annual fee for the first year ($0 to $99 thereafter)
    Poor (Below 660)
    Indigo® Platinum Mastercard® Credit Card
    With this card you get a 23.9% variable APR.
    23.9% variable
    $75 annual fee for the first year ($0 to $99 thereafter)
    Poor (Below 660)
    Official NASCAR® Credit Card from Credit One Bank®
    Get double cash back rewards at the NASCAR.com Superstore, terms apply.
    17.24% - 25.24% variable
    $0 to $75 first year annual fee for the first year ($0 to $99 thereafter)
    Poor (Below 660)
    primor® Secured Visa Classic Card
    Credit lines available from $200 to $5,000! You decide where you want to start and open your Personal Savings Deposit Account to secure your line.
    13.99% variable
    Poor (Below 660)
    First Progress Platinum Prestige Mastercard® Secured Credit Card
    You can increase your credit limit by adding funds to the initial deposit.
    9.99% variable
    Poor (Below 660)
    UNITY Visa Secured Credit Card
    Borrow up to $10000 and get your credit score back on track.
    17.99% fixed
    Poor (Below 660)
    The First Access VISA® Credit Card
    Access credit even if you have poor or limited credit history.
    29.99% variable
    $75.00 for first year. After that, $48.00 annually.
    Poor (Below 660)

    Compare up to 4 providers

    How does a secured credit card help you rebuild credit?

    A secured card does not automatically improve your credit score. To raise your credit score using a secured credit card, follow these guidelines:

    • Pay off your balances every month. Secured credit cards report to credit bureaus just like unsecured cards, which means you’ll have a better chance at improving your credit score if you pay off your balance in full each month.
    • Stay within a budget. Credit cards are not free money, and you should only spend what you can afford.
    • Use your card regularly. Credit rating agencies look for activity on a card every month, so if you charge a small amount and pay it off each month, you’re likely to improve your credit score.
    • If you can’t avoid carrying a balance, keep it small. Sometimes you need to put more on your card than you can afford to pay off at once. Credit rating agencies look at your debt-to-income ratio, and it’s recommended that you keep this ratio below 30%. This means if you have a card with a $500 limit, try to keep your balance below $150.

    Debit cards vs. secured credit cards

    Debit cards and secured credit cards both require you to deposit cash in a bank account in order to spend money. However, secured cards do two things that debit cards don’t:

    • Debit cards don’t report to credit rating agencies, and therefore don’t help build your credit.
    • Debit cards only let you use money from your bank account. Secured cards allow you to “graduate” to either partially unsecured credit cards — cards that allow you to spend a bit more than you’ve deposited — or fully unsecured credit cards that don’t require a deposit.

    Secured cards vs. subprime cards

    Subprime cards differ from secured cards because they don’t require a security deposit. You’ll also get your security deposit back after paying off your secured card and closing your account. Both options are available to someone who has no credit or is trying to rebuild their credit, but subprime cards often come with high fees and interest rates.

    Subprime cards have a bad reputation for being predators or “fee harvesters”. Linda Sherry, the director of national priorities at Consumer Action, puts it simply: “Consumers are better off using a secured credit card than a subprime one even though it requires depositing money with a card company.”

    What is the 2009 cARD act?

    The 2009 CARD Act reined in the practices of subprime cards, requiring that fees be no more than 25% of the initial line of credit. If you have a subprime card with an initial credit of $300, the fees cannot be more than $75 (25%) the first year. This doesn’t stop some subprime issuers from skirting the law, and the CFPB continues to crack down on cards breaking the 25% rule.

    Which credit card is best for me?

    Couldn’t make a decision on which credit card is right for you? Answer these three quick questions to see what we pick for you!

    Question 1 of 3

    Do you have low or poor credit?

    Question 2 of 3

    Are you currently employed?

    Question 3 of 3

    Do you currently have a checking or savings account?

    Based on your answers, we think these providers are right for you

    primor® Secured Visa Classic Card

    Primor Secured Visa Classic Card

    The Primor Secured Visa Classic Card is backed by a security deposit, so you have a better chance of being approved even if you have poor or no credit. Credit lines available from $200 to $5000!

    • $39
    • 13.99% APR on purchases
    • Cash Advance Rate of 18.99% APR
    • Up to 25 days interest free
    • Minimum Income Requirement of At least $100 higher than your monthly expenses p.a.

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

    2 Responses

    1. Default Gravatar
      AndrewJuly 25, 2017

      I have no Idea what my credit is, Credit karma told me nothing

      • Staff
        HaroldJuly 26, 2017Staff

        Hi Andrew,

        Thank you for your inquiry.

        To understand more about your credit score it would be helpful if you can read this page. In line with this, should you need to dig further about your credit history you can request your credit report here.

        I hope this information has helped.


    Go to site