4 Credit Cards for People with Bad or Fair Credit

If you have bad or fair credit, it can be difficult to qualify for a credit card. However, there are a few options available, such as the following:

1. Mission Lane Visa® Credit Card

• Recommended Credit Score: Fair
• Annual fee: $0
• Rewards: None
• Key features:
  • No security deposit
  • Low annual fee
  • Variety of features to help you build your credit, such as on-time payment reminders and free credit monitoring
    
• Best For: Consumers with bad or fair credit who are looking for a credit card with no security deposit or annual fee.
  

2. Destiny Mastercard® – $700 Credit Limit

• Recommended Credit Score: Poor To Fair
• Annual fee: $175 the first year; $49 thereafter
• Rewards: None
• Key features:
  • No security deposit
  • Reports to all three major credit bureaus
  • Can be a good way to start building your credit
    
• Best For: Consumers with bad or fair credit who are just starting to build or rebuild their credit.
  

3. Aspire Cash Back Rewards Credit Card

• Recommended Credit Score: 580+
• Annual fee: $49 to $175 the first year; up to $49 thereafter
• Rewards: 2% cash back on all purchases
• Key features:
  • Higher cash back rate than many other credit cards for people with bad or fair credit
  • Can be a good way to earn rewards while building your credit
    
• Best For: Consumers with bad or fair credit who are looking for a credit card that offers rewards.
  

4. Fortiva Mastercard

• Recommended Credit Score: Fair To Good
• Annual fee: $49 to $175 the first year; up to $49 thereafter
• Rewards: None
• Key features:
  • No security deposit
  • Low annual fee
    
• Best For: Consumers with bad or fair credit who are looking for a credit card with no security deposit and a low annual fee.
  

Which card is right for you?

The best credit card for you will depend on your individual needs and financial situation. Here are a few things to consider when choosing a credit card:

• Annual fee: Some credit cards have an annual fee, while others do not. If you are on a tight budget, you may want to choose a credit card with no annual fee.
• Rewards: Some credit cards offer rewards, such as cash back, travel points, or miles. If you are looking for a credit card with rewards, it is important to compare the different rewards programs to find the one that is best for you.
• Interest rate: The interest rate on a credit card is the amount of interest that you will be charged if you carry a balance on your card. If you are planning on carrying a balance on your card, it is important to choose a credit card with a low interest rate.
• Features: Some credit cards offer additional features, such as fraud protection, travel insurance, and purchase protection. If you are interested in these features, be sure to choose a credit card that offers them.
  

Tips for building your credit with a credit card

If you are using a credit card to build your credit, it is important to use it responsibly. Here are a few tips:

• Make all of your payments on time and in full. This is the most important thing you can do to build your credit.
• Keep your credit utilization low. This means that your total credit card debt should not be more than 30% of your total available credit.
• Avoid opening too many new credit cards in a short period of time. This can hurt your credit score.
  

By following these tips, you can use a credit card to rebuild your credit score and improve your financial future.

Remember, it takes time to rebuild your credit score. Don’t get discouraged if you don’t see results immediately. Just keep using your credit card responsibly and making all of your payments on time and in full. Over time, you will start to see your credit score improve.