Best Bad Credit Cards Of 2019

Best Bad Credit Cards Of 2019

March 17, 2019         Written By Jason Steele

Having a troubled credit history does not mean that you are unable to get a credit card. In fact, having a credit card, and using it responsibly, is an important way to begin the process or rebuilding your credit. Thankfully, there are several types of cards that you can qualify for, even with a poor credit history.

One type of card is the secured credit card, which requires that applicants submit a refundable security deposit which then becomes their line of credit. Afterward, these cards can be used just like normal credit cards. That means they can be used to easily reserve rental cars and hotel rooms, and may even offer rental car insurance. In addition, you will have to make minimum monthly payments and will incur interest charges if you carry a balance. The advantage is that these cards are available to nearly all applicants, and your payments will be reported to the three major consumer credit bureaus.  In most cases, you must be able to prove your identity and have fully discharged any bankruptcies.

Featured Fair Credit Card

Top Features: All credit types welcome to apply!

Then, there are standard cards that are made for those who had some credit problems, but whose credit score is not considered bad. These cards will have less competitive rates and fees, but there are still some attractive products available from major card issuers with no annual fee. These products appeal to applicants who do not want to submit a security deposit.

Finally, those with bad credit might consider just using one of the many prepaid products available. These cards are not credit cards and the cardholder can never incur debt by using them. But since cardholders make no payments, these cards will not help or hurt, their credit scores. Otherwise, they can be used in most places that accept credit cards, and they offer a more secure alternative to cash.

Consumers with low credit scores should do everything possible to increase their score. One new tool on the market may provide some help in this area. Add your positive utility payment history to instantly increase your FICO® score. Experian Boost™ helps by giving you extra credit for the utility and mobile phone bills you’re already paying. (Results may vary; see website for details.)

So here are the four best cards for 2019 for people with bad credit:

Capital One® Secured Mastercard®

The Capital One® Secured Mastercard® is one of the most highly respected credit card issuers that offers a secured card. New applicants of the Capital One® Secured Mastercard® submit a refundable security deposit of $49, $99, or $200 depending on their credit worthiness, and receive a credit line between $200 and $3,000. So this is one of the rare secured cards that actually offers some spending power beyond the amount of the security deposit.

You can then watch your credit score improve by using Capital One’s Credit Tracker app, which even allows you to examine what would happen to your credit score under different possible scenarios. There is no annual fee for this card, and no foreign transaction fees imposed on charges processed outside of the United States.

Capital One® Platinum Credit Card

The Capital One® Platinum Credit Card is Capital One’s entry level, non-secured card, so it doesn’t require a security deposit and is offered to those with average credit. In many cases, those who have used a secured card for at least a year, and have made all of their payments on-time, will qualify for a card like this.

With Capital One’s Credit Steps program, cardholders who make their first five monthly payments on-time, will automatically be given a higher credit limit. This card also features Capital One’s Credit Tracker app and has no foreign transaction fees. There is no annual fee for this card.

Milestone® Mastercard® – Less Than Perfect Credit Considered

The Milestone® Mastercard® – Less Than Perfect Credit Considered is offered by The Bank of Missouri to applicants who don’t need perfect credit to apply. Like other entry-level standard credit cards, this is an excellent choice for those who are may not have perfect credit but do not want to place a deposit down on a secured card.

It has an annual fee between $35 and $99, depending on the applicant’s credit profile. Cardholders enjoy a 25-day grace period at the end of each statement cycle in which to make full payment to avoid interest charges. Finally, this card has a reduced 1% foreign transaction fee, as opposed to many card’s 3% fee.

Fit Mastercard® Credit Card

The Fit Mastercard® Credit Card is designed for people who have less than perfect credit. If you are trying to build or re-establish your credit, getting a card like the Fit Mastercard® Credit Card may help, provided you make your payments on time and your balance stays under the designated credit limit. The card is issued by the Bank of Missouri. It offers an available credit limit of up to $400. Cardholders also receive a grace period of 25 days, which means they have that amount of time after their statement is issued to avoid interest by paying their balance in full. This card is accepted anywhere that Mastercard is, and your on-time payments will be reported to the three major consumer credit bureaus.

The information contained within this article was accurate as of March 17, 2019. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.

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Featured Fair Credit Card
Reflex Mastercard® Credit Card
EDITOR RATING
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Reflex Mastercard® Credit Card

Applying for this card will securely direct you to the issuer's website.

Top Features: All credit types welcome to apply!

Featured Low Interest Card
ABOC Platinum Rewards Mastercard®
EDITOR RATING
Featured Low Interest Card
ABOC Platinum Rewards Mastercard®

Applying for this card will securely direct you to the issuer's website.

Top Features: No annual fee; $150 statement credit after spending $1,200 in first 90 days; 0% on Purchases for 12 months

Featured Bad Credit Card
First Digital NextGen Mastercard® Credit Card
EDITOR RATING
Featured Bad Credit Card
First Digital NextGen Mastercard® Credit Card

Applying for this card will securely direct you to the issuer's website.

Top Features: Reports to all three credit bureaus, perfect credit not required for approval

Featured Good Credit Card
Petal® Visa® Credit Card
EDITOR RATING
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Petal® Visa® Credit Card

Applying for this card will securely direct you to the issuer's website.

Top Features: No fees whatsoever. No late fee, international fee, annual fee, or any-other-kind-of-fee, fee


jasonsteele

About Jason Steele

Jason Steele is a journalist that covers credit cards, travel and consumer credit. As one of the nation's leading experts in credit cards, Jason has contributed to dozens of travel and personal finance outlets including NerdWallet, Credit Karma and the Points Guy, where he serves as the Senior Points and Miles Contributor. Jason has also been widely quoted in mainstream media in outlets such as the Washington Post, the USA Today and Bloomberg Business Week. Jason is also the founder and producer of CardCon, which is the annual Conference for Credit and Credit Card Media.