While you may be striving for perfect credit, life often gets in your way. It’s hard to get over many of the twists and turns that life has to offer without making a few mistakes along the way. If you find that you have missed more than a few payments over the years, you will likely find that your credit rating has taken a hit. You are not alone. You may feel like you don’t have a choice when it comes to finding a bank that gives you a second chance, but there are opportunities for you. Take the time to review the following list of the 10 best credit cards to rebuild your credit, and then decide which one is the most attractive to you and your situation.
Discover IT security
This is a secured card that reports your payments on time to all major credit bureaus. It also comes with quite a few benefits that are not always available to people who are rebuilding their credit. The first is that you will receive a two percent refund on all purchases you make at the last stations and restaurants. You can get this rebate on up to a maximum of $ 1,000 in purchases each quarter, and the money will be automatically returned to you. There is also no annual fee associated with this card.
Credit card Visa Credit One Bank
This card comes with an annual fee of between $ 0 and $ 99, depending on your credit score. When approved, you will be able to earn one percent on eligible purchases at businesses such as gas stations, restaurants, and a variety of utilities.
Capital One Secured Mastercard
Capital One’s secured Mastercard requires a bank deposit, but comes with the knowledge that you will be building credit with a major financial institution. While it doesn’t offer any cash back or other rewards, it doesn’t come with an annual fee either. This is a solid way to rebuild a positive credit history, as your payments on time will be reported to all major credit bureaus.
Indigo Platinum Mastercard
Indigo may not be a household name, but they offer a real Mastercard to those who are rebuilding their credit. The annual fee is not set, but it depends on your actual credit score. You can get prequalified for this card without having any impact on your credit score. Even if you have filed for bankruptcy in the past, you can still get approved for this card. Currently, the interest rate is set at 24.9 percent, which is pretty standard.
Visa credit card without full guarantee
With this card, you will need to have a checking account established at a US banking institution, but the card itself is not insured. The annual fee, again, will depend on your credit score. The application process is quite simple and can be completed in a matter of minutes, and the decision is made instantly. You will also be able to have your payments on time reported to all the major credit bureaus, which is another way to rebuild your credit.
Credit One Bank Unsecured Visa with Cash Rewards
This particular Credit One card has money back potential and you do not need to secure it with a cash deposit. You can get prequalified without having any impact on your credit score, so this is an added bonus. The bank also announces that it will regularly evaluate your account and make you eligible for future increases in your credit limit. So, over time, you can start to access more credit as long as you maintain a positive payment history.
Visa credit card secured by OpenSky
This OpenSky card needs to be secured and comes with a $ 35 annual fee. To do that, you can start rebuilding your credit by making payments on time. In return, the bank will report positive activity to all major credit bureaus. You can see your credit limit, as long as it’s at least $ 200. Even people who don’t have any credit scores can access this card. As such, there is actually no credit check associated with this card. If you need a credit card and it has a horrible score, this could be your best shot.
Surge Mastercard credit card
The Surge Mastercard credit card will provide you with an initial credit limit of at least $ 500. The application is quite simple and they advertise that virtually any individual with the worst credit score is eligible to be approved. You will also have access to reports from the major credit bureaus, which is the way to rebuild your credit. The annual fee is indicated in the terms below …