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,

Share and Enjoy:
  • Print
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Blogplay

Related posts on loans for people with bad credit:

  1. Get Secured Credit Cards if You Have Bad Credit – Do Not be Trapped by High Upfront Fees Get Secured Credit Cards if You Have Bad Credit – Do Not be Trapped by High Upfront Fees The New York Times reported that the new Consumer Financial Protection Bureau did not continue to push through with its fight to stop…...
  2. Three Credit Card Options for Bankruptcy Three Credit Card Options for Bankruptcy Bankruptcy is a big problem for individuals, not only does it decrease your credit score down to “poor” it also disallows customers who file  it to benefit from credit card perks such as availing low interests,…...
  3. How to Get the Ideal Credit Card for Bad Credit How to Get the Ideal Credit Card for Bad Credit Planning to get a bad credit credit card? Choosing the correct one with reasonable charges and conditions is achievable if you will just do an extensive study. Checking all your choices…...
  4. Another Chance for Clients with Bad Credit Another Chance for Clients with Bad Credit Who says bad credit cannot get you the credit card deal you need? More credit card companies are providing the loans subprime clients need, however these are all for a huge price. According to Equifax more financial…...
  5. Three Things You Need to Know for New Credit Card Holders Three Things You Need to Know for New Credit Card Holders Having a credit card is said to be the first step of being a college student. Picking out the card for you and learning how to manage it properly and wisely…...

Filed under: bad creditCreditcredit cardsCredit Scoreline of creditvery bad creditvery bad credit loans

Like this post? Subscribe to my RSS feed and get loads more!