Credit Card Options for Those with Bad Credit
Credit Card Options for Those with Bad Credit
Many credit scores by customers have suffered because of their bad credit history, especially if they have once filed a Chapter 7 or a Chapter 13 bankruptcy or have several unpaid debts still intact. But this does not mark the end for you. If you are suffering from financial crisis, getting back on your feet may be possible with a secure credit card.
CNN has recently released a full list of the best cards that are offered especially for people with bad credit background, but here are the three that stands out for those who want to rehabilitate their credit record fast:
The Secured MasterCard offered by Capital One
Though a yearly fee of $29 dollars would be charged to avail this card, it has a feature that enables clients to have control over their cash deposits. Furthermore, the higher your deposit is the higher credit you get back. Example, a customer can get as much as $200 in credit for repaying a $49 loan. You can get up to $3,000 in credit for maximum a deposit that is very good for your APR that comes with it which is very good for a secured credit card.
The Orchard Bank’s HSBC cards
Clients will be offered one among three different cards depending on their credit records. An Unsecured credit card comes with yearly dues of $39 to $59 and APR reaching from 14.99% up to 24.99%. The secured credit card on the other hand, imposes a $200 minimum in deposits and a yearly fee of $35 with a low 7.99% APR.
The USAA Secured Credit Card
This can only be acquired with persons who are members of the military troops and their relatives. It imposes a $250 minimal cash deposit. Not only that, you will be given a CD by the company for two years which would make you earn from your money deposits,
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