Best Credit Cards for Bad Credit in 2020
A credit score of less than 580 places you in the category of bad credit. It will be difficult for you to qualify for a credit card if your credit score will fall in this range. However, don't lose hope at all. If someone's account becoming an authorized user is not an option, there are many other options available in the market for the cardholders with less than good credit histories.
The people having bad credit can have secured cards as it is the best available option. The security deposit required for this card is often $200 that becomes your credit line. By making your payments on time in full and by using your secured card responsibly you can start improving your credit score.
You can easily apply for a new card and can graduate to an unsecured card after establishing a fair (580 to 669) or a good credit score (670 to 739). Go ahead to know much about the difference between secured and unsecured cards.
For the people having bad credit, the Intech-bb gives out the best credit cards, to help you to build credit and select the card from the available designs.
Best credit cards for bad credit
Indigo Mastercard®
One of the best features of Indigo® Platinum Mastercard® is that if you are having a previous bankruptcy even then you can qualify for this card. This card could be a lifesaver if you are in hunger for cash and find yourself in a mess. During the first year, the fee for a cash advance is $0, after that period you have to pay $5 or 5% of the amount per transaction, whichever is greater. This is the one of the best option you have in such a bad situation if you want to apply this card then visit www.indigoapply.com
The annual fee of $0-$99 might be charged which will reduce your available credit immediately. Even you will not earn any kind of cash back, miles, or points.
The Fraud Protection is available for this card, to know whether you will get approval, you can check it before applying.
Surge Mastercard
You may get a credit line of $300-$750 if you are approved for the unsecured card, which is not a good point for the people with bad credit.
This card could be a decent choice if you'd preferably not pay a deposit. You'll likewise have a grace period of 25 days to pay your balance after your last charging cycle with no interest charges.
There's no assurance you'll be offered the unsecured card type. Such a low credit may make it hard to hold your credit usage in check, in credit scoring it is an important part. Your account will be reviewed by the Continental Finance for an increment in the credit limit following a half year, which ought to boost you to adhere to mindful spending and installment propensities.
Capital One Mastercard®
In case you are searching for a secured card with a low deposit & you want to apply then visit www.getmyoffer.capitalone.com this is the most ideal option you have. No annual fee on this card and the security deposit is based on your creditworthiness ($49, $99, or $200).
Still, you will receive a credit limit of $200 if you will qualify for the low deposit of $49 or $99. To receive the same credit line many secured cards require a $200 deposit as it is the best feature so far.
After making the first five on-time payments the Capital One also grants access to the cardholders to a higher credit limit, a good bonus on maintaining your payment history on time which is a must while trying to increase your credit score. Moreover, make sure you make on-time payments in full, as this card has a very high variable APR of 26.99%.
Fingerhut Credit Account
From well-known brands such as DeWalt, Samsung, and KitchenAid the Fingerhut Credit account offers 500,000 items. The application procedure for this account is easy and quick that works online smoothly and is completed in a couple of minutes.
The WebBank will let you know whether you are qualified for the terms of credit. Only if you will be pre-qualified for the Fingerhut Credit Account offered by the WebBank you can take advantage of monthly low payments
If you are interested in creating your credit history then this card is an amazing option for you. The Fingerhut sends reports to all the three major credit bureaus on holding your credit.
Double Your LineTM Credit Card
On having Merrick Bank Double Your LineTM Platinum Visa® Credit Card you can keep yourself away from over-limit fees and penalty rates.
The range of the credit line lies from$550-$1250. If in the first 7 months, you will make your payments on time, it will double your credit line to $1100-$2500. Each month you will get an update of your FICO score. This is the best deal for you with such offers if you want to apply then visit www.doubleyourline.com
There is a fraud liability plan and you can access the mobile apps easily. These are some other benefits of the Platinum Visa Credit Card which you will never like to miss.