Le migliori carte di credito per un punteggio di 500 crediti

In poche parole

Se hai un credito scadente e stai cercando un modo per ricostruirlo; la Milestone Mastercard® è un'opzione forte. C'è un rapido processo di preselezione senza alcun impatto sul tuo punteggio di credito, tasso di interesse modesto e una tariffa annuale di $ 35 - $ 99.

Cosa ci piace:

• $ 35 – $ 99 quota annuale

• Facile processo di prequalifica

• Il precedente fallimento è OK

• La preselezione istantanea è disponibile per coloro che si qualificano
• Un credito meno che perfetto va bene
• Accedi al tuo account online o dal tuo dispositivo mobile 24 ore su 24, 7 giorni su 7
• La cronologia dell'account viene segnalata alle tre principali agenzie di credito negli Stati Uniti

Candidati ora>>

Ideale per la ricostruzione del credito:Petal® 1 Carta di credito Visa® "nessuna commissione annuale"

• Tariffa annuale:$ 0.
• Intervallo aprile:22,24% - 31,74% variabile.
• Premi:2%-10% di rimborso presso commercianti selezionati.
• Altre caratteristiche:ideale per persone con credito limitato o nullo.

Perché la carta di credito Visa® Petal® 1 "Nessuna commissione annuale" è una buona opzione per chi ha un credito scarso

La carta di credito Visa® Petal® 1 "Nessuna commissione annuale" è perfetta per chi ha un credito basso perché l'emittente della carta guarda oltre il tuo punteggio di credito per qualificarti. Esaminano la tua storia bancaria complessiva e, se sei qualificato, puoi ottenere un limite di credito compreso tra $ 300 e $ 5.000. E non dovrai pagare un deposito per ottenere questa linea di credito.

Inoltre, puoi facilmente iniziare a costruire il tuo credito con pagamenti mensili puntuali, perché la tua cronologia dei pagamenti viene segnalata a tutte e tre le agenzie di credito.

Come utilizzare la carta di credito Visa® Petal® 1 "senza commissione annuale"

La carta di credito Visa® Petal® 1 "Nessuna commissione annuale" è incredibilmente facile da usare. Per iniziare a costruire il tuo credito utilizzando la carta, paga semplicemente il saldo in tempo ogni mese e gradualmente il tuo punteggio dovrebbe migliorare.

Inoltre, l'app mobile di Petal è molto intuitiva, quindi puoi gestire facilmente i tuoi soldi, monitorare le tue spese e automatizzare i pagamenti, il tutto con pochi clic.

Perché potresti non voler prendere in considerazione la carta di credito Visa® Petal® 1 "Nessuna commissione annuale"

Sebbene tu possa qualificarti con un punteggio di credito basso, il tuo tasso di interesse sarà superiore a quello che otterresti con altre carte di credito al 22,24% - 31,74% variabile.

Scoprirai anche che ottieni migliori ricompense cashback con la carta di credito Visa® Petal® 2 "Cash Back, No Fees", che emette l'1%-1,5% su tutti gli acquisti, oltre allo stesso 2%-10% cashback da alcuni commercianti.

Scopri di più sulla carta di credito Visa® Petal® 1 "Nessuna commissione annuale" o leggi la nostra recensione completa .

Migliore carta di credito a basso deposito:carta di credito Capital One Platinum Secured

• Tariffa annuale:$ 0.
• Intervallo aprile:26,99% (variabile).
• Premi:N/D.
• Altre caratteristiche:accesso a Credit Wise, un servizio gratuito di monitoraggio del credito.

Perché la carta di credito Capital One Platinum Secured è una buona opzione per chi ha scarso credito

Con la carta di credito Capital One Platinum Secured, otterrai una linea di credito iniziale di $ 200, con un deposito cauzionale di $ 49, $ 99 o $ 200.

Come utilizzare la Carta di Credito Capital One Platinum Secured

I titolari di carta verranno automaticamente presi in considerazione per una linea di credito più elevata in appena sei mesi.

Nessun deposito aggiuntivo sarà richiesto se la tua linea di credito viene aumentata.

Perché potresti non prendere in considerazione la carta di credito Capital One Platinum Secured

L'aumento della linea di credito potrebbe indurti ad aumentare anche il tuo indebitamento. Se hai scarso credito, indebitarsi sempre più è l'ultima cosa di cui hai bisogno. Prendi questa carta solo se sei in grado di saldare il saldo ogni mese.

Scopri di più sulla carta di credito Capital One Platinum Secured o leggi la nostra recensione completa.

Il meglio per il controllo del credito:OpenSky® Secured Visa® Carta di credito

• Tariffa annuale:$ 35.
• APR normale:18,89% (variabile).
• Premi:N/D.
• Altre caratteristiche:non è necessario un assegno di credito o un conto bancario per richiedere la carta.

Perché la carta di credito OpenSky® Secured Visa® è una buona opzione per chi ha un cattivo credito

La cosa grandiosa della carta di credito OpenSky® Secured Visa® è che non c'è alcun controllo del credito. Quindi non devi preoccuparti se hai un cattivo credito:OpenSky non ritirerà il tuo rapporto di credito.

Inoltre, puoi impostare il tuo limite di credito. Quindi, se desideri ridurre la tentazione e mantenere basso il tuo limite di credito, basta versare un deposito cauzionale di $ 200 (il loro deposito minimo richiesto) mentre ti abitui alla carta.

Come utilizzare la carta di credito OpenSky® Secured Visa®

Quando utilizzi la carta di credito OpenSky® Secured Visa®, verserai un deposito cauzionale a tua scelta (tra $ 200 e $ 3.000), che fungerà da limite di credito.

Usa la carta per fare acquisti - i piccoli acquisti quotidiani sono i migliori - e poi paga il conto per intero ogni mese entro la data di scadenza. Se non puoi pagarlo per intero, paga almeno l'importo minimo dovuto e pagalo in tempo per evitare sanzioni. Tali pagamenti verranno segnalati alle tre agenzie di credito, che possono quindi aumentare il tuo punteggio.

Perché non dovresti usare la carta di credito OpenSky® Secured Visa®

Se stai ancora lottando per gestire il tuo credito e la tentazione di una carta di credito è troppo, anche la carta di credito OpenSky® Secured Visa® potrebbe non essere adatta. Gestire saggiamente il credito è un'abilità appresa, quindi assicurati di essere pronto a gestire nuovamente il credito prima di iscriverti a una carta.

Scopri di più su OpenSky® Secured Visa® o leggi la nostra recensione completa.

Il migliore per i recenti fallimenti:Carta di credito Indigo® Mastercard®

• Tariffa annuale:$ 0 - $ 99.
• Intervallo aprile:24,9%.
• Premi:N/D.
• Altre funzionalità:non dovrai pagare un deposito cauzionale.

Perché la Indigo® Mastercard® è una buona opzione per chi ha scarso credito

Se un recente fallimento è la ragione del tuo scarso punteggio di credito, la carta di credito Indigo® Mastercard® è la carta con cui iniziare il tuo sforzo di ricostruzione. Riferiscono a tutte e tre le principali agenzie di credito, quindi potrai iniziare a creare rapidamente un nuovo riferimento di credito.

Anche la carta non è protetta, quindi non dovrai preoccuparti di un deposito cauzionale.

Come utilizzare la carta di credito Indigo® Mastercard®

Effettua i tuoi pagamenti puntualmente ogni mese e inizierai a sviluppare un buon riferimento di credito con ciascuna delle tre principali agenzie di credito.

Ancora meglio, paga il saldo ogni mese per evitare qualsiasi possibilità di dover più di quanto puoi pagare o di rischiare un pagamento in ritardo.

Perché potresti non voler prendere in considerazione la carta di credito Indigo® Mastercard®

Questa è un'altra carta di credito con una forte tassa annuale. Può arrivare fino a $ 99.

Scopri di più sulla carta di credito Indigo® Mastercard® o leggi la nostra recensione completa.

Il migliore senza credito:Milestone Mastercard®

• Tariffa annuale:$ 35 - $ 99*.
• Intervallo aprile:24,9%.
• Premi:N/D.
• Altre caratteristiche:nessun deposito cauzionale richiesto.

Perché la Milestone Mastercard® è una buona opzione per chi ha un credito scarso

La Milestone Mastercard® fa capo a tutte e tre le principali agenzie di credito. La tua linea di credito iniziale non sarà inferiore a $ 300, senza alcun deposito cauzionale richiesto.

Come utilizzare la Milestone Mastercard®

Come nel caso di tutte le carte di credito per le persone con cattivo credito, è fondamentale effettuare i pagamenti mensili in tempo. Dovresti anche fare ogni sforzo per pagare l'intero saldo ogni mese.

Perché potresti non voler prendere in considerazione la Milestone Mastercard®

A seconda del tuo profilo di credito, la tariffa annuale sarà di $ 35, $ ​​59 o $ 75 (quest'ultima passa a una tariffa annuale di $ 99 dopo il primo anno per gli anni successivi).

Scopri di più sulla Milestone Mastercard® o leggi la nostra recensione completa.

Come siamo arrivati ​​a questo elenco

Le carte di credito per punteggi FICO inferiori a 500 sono una categoria di carte di credito molto specializzata. Abbiamo iniziato identificando quelle carte che servono questo settore di mercato. Abbiamo quindi cercato alcuni fattori specifici che ritenevamo rendessero queste carte particolarmente adatte a questo intervallo di punteggio di credito.

Tali fattori includono:

• Carte disponibili per coloro con il punteggio di credito più basso.
• L'emittente riferisce a tutte e tre le principali agenzie di credito — TransUnion, Experian ed Equifax — dandoti l'opportunità di aumentare il tuo punteggio di credito con tutte e tre.
• Carte di credito protette o non garantite:potrebbero essere necessarie per chi ha i profili di credito peggiori.
• Carte con limiti di credito iniziale piccoli ma ragionevoli. Devono essere abbastanza alti da essere utilizzabili, ma non così alti da farti indebitare profondamente.
• Tariffa annuale bassa o nulla (massimo inferiore a $ 100).
• Offrendo la possibilità di aumentare la tua linea di credito in base alla tua cronologia dei pagamenti.
• Funzioni della carta, come premi e altri vantaggi, se offerti.

Che cos'è un punteggio di credito negativo?

La definizione di cattivo credito dipende dall'istituto di credito. Ci sono intervalli generali di punteggio di credito che sono considerati eccellenti, buoni, equi e cattivi. Ma ogni istituto di credito stabilisce i propri standard.

Ad esempio, un prestatore potrebbe considerare un cattivo credito un punteggio inferiore a 580. Un altro potrebbe vederlo a partire da 620 e inferiore. Ma nella stragrande maggioranza dei casi, un punteggio di credito di 500 o inferiore sarà considerato un credito molto negativo. Ciò limiterà fortemente le tue opzioni su dove puoi richiedere il credito e i tipi di credito che puoi richiedere.

Il problema specifico con le carte di credito è che sono generalmente prestiti non garantiti. Se non sei in grado di pagare il tuo debito, non ci sono garanzie che il prestatore può cercare per soddisfare il saldo non pagato. Questo è il motivo per cui gli istituti di credito sono così selettivi nell'emissione di carte di credito, e soprattutto con quelle carte che hanno i migliori termini e vantaggi.

Come ottenere una carta di credito con credito inesigibile

Se il tuo punteggio di credito è 500 o inferiore, non sarai in grado di trovare carte di credito nei luoghi in cui le persone normalmente cercano. Un punteggio di credito così basso è determinato come cattivo credito. Le opzioni per le carte di credito saranno estremamente limitate.

Per trovare una carta di credito per te, dovrai fare due cose:

• Ignora le numerose pubblicità di carte a basso tasso di interesse, con vantaggi come premi e 0% di aprile introduttivo. Non ti qualificherai per quelli, ma puoi distrarti seriamente provando.
• Concentrati sui fornitori di carte che offrono specificamente carte per persone con crediti inesigibili. Sono disponibili e li abbiamo elencati in questo articolo.

Le caratteristiche più importanti delle carte di credito se il tuo punteggio è 500

Searching for a credit card when your credit score is in the 500 zone is different than shopping for credit cards for good credit. The emphasis is far less on factors like rewards points or cash back, travel perks, or a 0% introductory balance transfer offer.

With a score below 500, your main objective is to just get a credit card with the most basic features. The primary purpose is to enable you to either establish or improve your credit score. Only when you can do that will the more attractive credit cards be available to you.

When shopping for a credit card when your FICO score is below 500, the following features are most relevant:

Annual Percentage Rate (APR)

If you have bad credit, a high interest rate will be a fact of life. You can easily be assigned an APR of 30% or higher.

Since your interest rate will be high, you’ll need to focus on paying off your balance every month. That will lower the cost of keeping the card, since you’ll at least remove interest expense from the equation.

Annual Fee

It might make sense to pay an annual fee for a high-end, unsecured travel or cash back card, which will probably earn enough in rewards to make up for its annual fee and then some.

But it’s harder to justify paying an annual fee for a secured, credit rebuilding card, which will likely offer very basic features.

Try to cut costs where you can by going for a secured card with no annual fee. We’ve got a few no annual fee cards included on our list. But keep in mind that since your primary motivation is to improve your credit score, a card with a small annual fee will still help you accomplish that goal — though at a higher cost.

Additional Card Benefits

On the bright side, it is possible (albeit rare) to find credit cards for bad credit that offer benefits like cash back rewards, or $0 liability for unauthorized charges. Some of the cards on our list do offer these benefits.

Collision damage waivers on rental cars may also be available, but credit limits are usually too low to take advantage of this benefit.

How Do Secured Credit Cards Work?

Credit cards for bad credit will typically be secured cards, though there are few unsecured credit cards that may also be available to those with a low credit score. There are benefits in each case.

Secured Cards

A secured credit card will usually provide a credit limit equal to the amount of its security deposit. For example, if you place a deposit for $500, your credit limit will typically be $500.

Even though your card is secured, you’ll still have to make timely monthly payments on the balance owed, just as you would for an unsecured card. And of course, that payment performance is what will be reported to the credit bureaus.

The obvious disadvantage of a secured card is that your credit limit is determined by the amount of cash you have available for the deposit. And if you have no cash at all, you won’t be able to open a secured card.

But there are several advantages to having a secured card:

• Secured cards work just like regular credit cards, and can be used in the same way.
• They provide you with a credit card for those circumstances where they may be required over cash or some other payment method.
• If the card’s issuer reports to all three credit bureaus, that will enable you to improve your credit score.
• Because they’re secured with a deposit, secured credit cards may come with either a very low annual fee, or none at all.
• Most secured card issuers will automatically increase your credit limit after a few months of favorable payment history.
• Most card issuers will convert your account to unsecured once you develop a favorable payment history.

Unsecured Cards

Unsecured cards offer all the benefits of secured cards, but an unsecured card is typically preferred for the obvious reason that cardholders are not required to put up a security deposit. This keeps more of your cash free.

The biggest downside to unsecured cards is that they often charge high annual fees. The annual fee is treated like any other card charge/purchase. If you don’t pay the fee off, you’ll pay interest on the amount you owe.

But the annual fee might be worthwhile if:

1. You pay the annual fee charge off immediately and thus avoid interest charges.
2. You take full advantage of the card’s overall benefit package, or earn rewards points or cash back valued in excess of the card’s annual fee.

The table below summarizes the difference between secured and unsecured credit cards:

How to Properly Use a Credit Card for Bad Credit

If you get approved for a credit card for bad credit — great! But please understand the card can either help you or hurt you.

Here are some best use practices to implement for these cards:

Pay Off Your Balance Quickly and Regularly

There are three basic problems with carrying a balance:

• Balances incur interest, and that raises the cost of having the card.
• Carrying a balance further reduces an already low credit limit.
• Carrying a balance increases the chance of you defaulting on your debt.

All three of those complications can be avoided by living within your means, not overspending, and paying off your balance in full every month.

Don’t Get a Card with an Annual Fee

A large annual fee will eat into your expendable income and increase the likelihood of you carrying a balance and incurring interest charges.

You want to use a credit card to improve your credit. But a very high annual fee could make the cost of doing so too high.

Put Small Charges on Your Card

No matter what type of card you get, this is probably the single most important practice. Be sure any charges you incur can be easily repaid when the credit card bill comes in next month. Those should be small, routine charges.

A $10 charge here, and a $20 charge there — and no more than one or two per month — will enable you to improve your credit through small monthly payments. But at the same time, it won’t put you into a position where you’ll have a balance you can’t pay off completely.

How to Improve Bad Credit

We’ve already pointed out that the specific type of card you can get will depend on your creditworthiness. You’ll get a better card if your credit score is 585, versus 500. For that reason, you should take steps in advance to maximize your credit score before applying.

In addition to paying your bills on time and keeping your credit card balances low, you can also use a service like Experian Boost to achieve the score required to get the card you want. Experian customers, on average, boosted their score by 13 points. So while it won’t completely transform your credit, it can be a great way to start moving those numbers in an upward direction.

Start Out By Getting Your Free Credit Score

As we noted earlier, this is the most important step. You need to know exactly where your credit score is at before applying. You also need to be aware of the factors causing the score that you have.

Dispute Any Errors

If there is any information contained in your credit report that’s not accurate, you’ll have an opportunity to fix it. Contact the creditor, report the error, and provide written documentation proving it’s wrong.

Get written notification from the creditor acknowledging the error. Also, request the creditor report corrected information to all three credit bureaus. If they don’t, you’ll have to send the notification from the creditor acknowledging the error to all three bureaus yourself.

Allow at least 30 days after the successful dispute before pulling your credit score again, and making an application for a credit card.

Pay ALL Your Bills on Time from Now On

Whether you’re about to apply for a credit card, or you just got a brand new one, resolve to pay all your bills on time from now on.

That applies not just to your credit card, but to all obligations. Though landlords and utility companies don’t report your good payment history to the credit bureaus, they will report delinquencies. This is particularly true of unpaid balances.

Make sure that doesn’t happen. Unpaid balances, like collections and judgments, will drive your credit score even lower.

Pay Off Any Past Due Balances

If your credit report shows any unpaid balances, you should settle them as soon as possible. This includes collections, charge-offs, and judgments. Paying them off won’t remove the delinquency from your credit report, but a paid account always works better on your credit report than an open one.

Plan to Open a New Credit Card Every Six Months or So

We said earlier you shouldn’t apply for several credit cards at once. But once you have a credit card open, and you have a good payment history, it will then be time to apply for a second.

New applications should be at least six months apart. The purpose is so that you can begin building multiple positive credit references. Those will improve your credit score much more quickly than a single credit line.

But apply all the other rules we recommended. Keep your charges low, and pay off your balance each month. That’ll make sure your credit rebuilding efforts work exactly as they’re supposed to.

Alternative Cards for People with Credit Scores Around 500

Credit cards aren’t the only payment methods for people with credit scores under 500. There are several other payment types you can investigate.

Should I Just Use a Debit Card?

Debit cards have evolved to the point where they function very much like credit cards. You can generally use them anywhere credit cards are accepted.

But there are some factors you need to be aware of…

A Debit Card Can’t Help You Build Credit

A debit card doesn’t involve monthly payments. For that reason, the issuer doesn’t report your account information to the credit bureaus. That removes any possibility the debit card will help you to rebuild your credit.

A Debit Card Can Help You Control Spending

One of the big advantages of a debit card is that you can’t spend any more money than you have in the account it’s connected to. The account balance serves the same function as a credit limit on a credit card.

But it doesn’t actually provide you with credit — you won’t be able to spend money you don’t have. That’s a major positive if you’ve had trouble managing your finances in the past, and ended up spending more than you actually had.

Should I Use a Prepaid Card?

Prepaid cards serve a purpose, but they’re even more limited than debit cards.

How Do Prepaid Cards Work?

Prepaid cards work similarly to debit cards, except you don’t have a bank account connected to the card. Instead, you purchase the card, and the amount you pay for it serves as the credit limit. They often work just like credit and debit cards, except you have to pay the spending limit in advance.

After you purchase the card, you can “recharge it” by adding more money to it. You can continue using the card as long as it has money on it.

Are Prepaid Cards a Good Idea?

The basic purpose of prepaid cards is so that you’ll have a card to use in those situations where it’s required. There is an increasing number of merchants and vendors who don’t accept cash. A prepaid card can enable you to transact in such places.

This can be especially important if you want to make online purchases. You’ll absolutely need a card to do that, and a prepaid card will work in that situation.

On the downside, prepaid cards don’t provide a credit reference. If your goal is to increase your credit score, they’ll have zero effect.

Another negative is fees. You’ll have to pay a fee to purchase the card, and even a fee each time you recharge it. It’s an expensive way to gain use of a card for financial transactions.

What About Store Credit Cards?

Store cards are best described as limited-use credit cards.

How Do Store Cards Work?

Store cards are actually credit cards issued by specific merchants. You’re provided with a credit limit, you’ll pay interest on any outstanding balance, and the merchant will generally report your payment history to the credit bureaus.

So far so good.

Are Store Cards a Good Idea?

Store cards have several downsides:

• They’re not general usage credit cards — they can only be used with the issuing merchant.
• They generally charge very high interest rates.
• If you have bad credit, you probably won’t be approved.
• Store cards are established to encourage you to spend money with the merchant. If you have bad credit, going deeper into debt is the last thing you need to do.

There’s one other factor you need to be aware of with store cards. Credit card operations are not a main line of business for merchants. For that reason, store credit card operations can be disorganized. That can lead to erroneous credit reporting, which will usually work against you.

For those reasons, they’re not recommended if you’re trying to rebuild credit.

The Advantages and Disadvantages of Debit, Prepaid, and Store Cards

Types of Cards to Avoid If You Have Bad Credit

If you have bad credit, you may assume getting approved for any card is a step in the right direction. While that might sometimes be true, there are situations you’ll definitely want to avoid.

Cards with High Annual Fees

You certainly don’t want to get into a situation where you’ll have to pay $150 for a $400 credit line. On a percentage basis, that annual fee is just too high.

Even worse, it increases the likelihood you’ll be carrying a balance on the card. And with interest rates in excess of 20% per month, that will make the annual fee even higher. It will be interest on a charge that provided absolutely no benefit to you either.

Cards with High Fees in General

The annual fee isn’t the only fee you need to be concerned with. There are others, and while they may be infrequent, they can really add up.

Some examples include:

Late payment fees . These are generally in the $35-$40 range, even on credit cards with good credit. But since your credit limit will be much lower, they’ll have a much bigger impact. Late payments must be avoided since you’re trying to improve your credit score.

Balance transfer fees . These are generally in the 3% to 5% range, but they often have flat fee minimums of $10. Again, these will eat into a small credit limit.

Cash advance fees . You may be tempted to take cash advances, but they’re costly. They can amount to 3% to 8%, with a minimum of $10.

All credit cards charge these fees, but it should be your plan to avoid having to pay any of them. Also, you should completely avoid any card that has fees in excess of those listed above.

High-Spend Credit Cards

Yes, everyone wants a credit card with a high credit limit and generous rewards. But if your credit score is below 500, these are the exact types of cards you need to avoid!

High credit limits and generous rewards — which are specifically designed to get you to use the card more frequently — are a one-way ticket to a high credit card balance. If you struggled with credit in the past, this can leave you with a debt you can’t afford to pay. That will lead to late payments, and a further deterioration of your credit score.

Never forget that your primary purpose in taking a credit card when your score is below 500 is to improve that score. You should specifically avoid doing anything that holds the potential to make matters worse.

Domande frequenti

What Happens If I Miss a Credit Card Payment?

If you miss a credit card payment you’ll likely be charged a late payment fee of between $35 and $40. Most cards will also increase your interest rate, perhaps to as high as 29.99% APR. Even worse, your effort to rebuild your credit will be stalled. Not only will the late payment be reported to the major credit bureaus, but the likelihood of having your credit limit increased or moved from secured to unsecured status will be jeopardized.

How Do You Prequalify for a Credit Card?

To prequalify for a credit card you’ll fill out a brief online application, and you’ll typically receive an immediate response letting you know if you’re eligible. Once you have confirmation of eligibility you can then complete a full application.

Can I Make Balance Transfers with a Secured Credit Card?

On most credit cards for people with bad credit, you are able to make balance transfers. Those transfers are complicated by very low credit limits, and the higher interest rates that are typically charged on such transactions. In addition, there is usually a balance transfer fee of at least 3% of the amount transferred.

How Long Will It Take Before I Can Apply for a Better Credit Card?

That depends on two things:how bad your credit situation is now and how well you manage your current credit card. If your low credit score is mainly the result of very little credit in combination with a couple of late payments, you may see your score rise considerably after just a few months. But if you have a history of late payments, or a recent bankruptcy, you may need to use one of these cards for at least a couple of years before trading up.

How Much Use Can I Get Out of a Credit Limit of Just $200 or $300?

In truth, not much. But that’s not the point of credit rebuilding cards. The idea is to use them to make small charges, and then repay promptly. Your whole strategy needs to be to develop the kind of credit payment history that will increase your credit score, and make you eligible for better card offers. For this reason, the small size of the available credit limit isn’t a major factor.

Riepilogo

It’s easy to feel discouraged by what seems like a limited number of card options available to those with bad credit scores. But the cards that are available to you can serve as a serious stepping stone in your journey to greener financial pastures.

You should typically start to see significant improvements to your credit score after you’ve made on-time, in-full payments with your secured card for about a year. Then you can find a more valuable credit card for your new and improved credit score via these articles:

• Best credit cards for a credit score above 750
• Best credit cards for a credit score between 700 – 749
• Best credit cards for a credit score between 650 – 699
• Best credit cards for a credit score between 600 – 649

Petal credit cards are issued by WebBank, Member FDIC.