What Are The Best Credit Cards for Bad Credit?
If you want to build your credit or start to rebuild your credit you need to know that you likely won’t qualify for an unsecured credit card offer because the major banks have cracked down on issuing unsecured credit cards to people with bad credit.
That means the best credit cards for bad credit are offers that require you to make an upfront deposit on your credit card. You have two options if you’ve got bad credit, either a secured credit card or a prepaid credit card.
Let’s take a look at the best credit cards for people with bad credit now:
About Secured Credit Card Offers
A secured credit card will take a security deposit from you equal to the amount of credit and that security deposit is used if you default on your payment so you need to know the security deposit is not used to pay your minimum payment owing.
Recommended Secured Card Offer
Public Savings Open Sky Secured Visa Credit Card
Best Prepaid Credit Card Offer
A prepaid credit card will allow you to make website purchases and reservations without the risk of credit card debt but you can only spend what you deposit on your prepaid card so what you need to watch out for with a prepaid card are fees.
You want a prepaid card that doesn’t charge annual fees or cash withdrawal fees and that’s why we’re recommending the Green Dot Prepaid MasterCard.
Green Dot® Prepaid MasterCard®
Read more info about having bad credit in the articles below