What Are The Best Bad Credit Credit Cards?
The list of the best bad credit credit cards is really the best of the worst. People with bad credit usually do not have many options when it comes to credit cards. Even so, they can make a bad situation more positive by selecting the card with the best features and lowest charges.
Comparing credit cards designed for people with bad credit is relatively simple and can be done entirely online.
A nicer term used for a bad credit credit card is a “credit builder credit card.” Offers change on a regular basis, as do credit card providers, so the information below should be supplemented by your own search.
Use both terms when searching online because they may yield different results. It would be a pity to miss a lower rate of interest simply because the wrong keywords were used.
The Barclaycard Visa has a 29.9 percent variable representative APR and is considered suitable for rebuilding the credit score. Cardholders have access to Barclaycard Freedom rewards, which enables them to earn Reward Money on eligible purchases from certain retailers.
This money can be redeemed on future purchases from retailers that participate in the program. Other benefits include hotel or travel savings, online account management, and Internet fraud protection.
Variable representative APR for the Capital One Progress MasterCard is also 29.9 percent. Individuals can used this card to rebuild their credit in small increments. A credit limit of up to £2,500 is available and cardholders may be able to reduce their interest rate to 17.9 percent over time.
This no –frills card does not feature any benefits other than Internet fraud protection and online account management, encouraging consumers to use it only to rebuild credit.
Vanquis is known for helping UK consumers with poor credit get what they need. This UK bank has helped more than one million people secure credit. Vanquis Bank Card holders deal with customer service reps in the UK when they need services that cannot be performed through online or SMS management.
At 39.9 percent, the variable representative APR is a bit higher, but cardholders may qualify for regular credit limit increases.
An AA member with credit that is not considered horrible may qualify for the AA Members Visa. This card is not available to anyone with a CCJ but individuals with other credit blemishes may qualify.
Representative APR is currently a very low 16.9 percent. Cardholders get zero percent APR for balance transfers and purchases for 12 months. This makes the card perfect for transferring higher-rate card balances and paying them off within the promotional period.
Capital One calls its Classic card a best-seller that is designed for individuals trying to rebuild their credit rating. The credit limit begins at a low £200, making it easy for most people to manage their finances.
Consumers can select their own card design and register for email alerts that remind them when payment is due so they do not forget to pay on time.
After selecting which of the best bad credit credit cards is desired, a consumer can complete an application online. A response may be received within a matter of minutes, letting the applicant know whether he or she is approved.
If the news is positive, the card should be received in the mail within about a week.
