Top 10 Credit Cards for People With Bad Credit

By Jessica Williams

If you have bad credit and are interested in getting a credit card to help you to begin rebuilding your credit history, make sure you get the credit card that is right for you. Keep in mind that making on-time minimum monthly payments with all of your creditors and keeping your account balances low relative to the credit limit are the main keys to successfully re-establishing your credit. Pre-paid debit cards, unlike credit cards, do not influence your credit history as they do not provide you with a line of credit.

Here is list of the top 10 credit cards and their perks that are best in helping you regain your financial freedom:

1. Capital One Secured MasterCard
– No processing and application fees
– Regular reporting to the 3 major credit bureaus
– Monitor credit with access to a credit score and other tools
– Your security deposit can get you a line of credit up to $3000
– You may qualify for a credit line increase based on your payment history and creditworthiness
– Use it like a regular MasterCard credit card, as this accepted at millions of locations worldwide
– Regular APR is 22.9% and the annual fee is $29

2.First Premier Bank MasterCard
– Checking Account is required
– Must pay a small processing fee to begin using card
– $300 credit limit
– Reports to the major consumer reporting agencies
– Easy application process
– Pay no interest on purchases by paying your balance in full each month
– Once your account has been established, you will have access to millions of merchants worldwide

3. Pink Ace Elise Visa Prepaid Card
– Official sponsor of the National Breast Cancer Foundation
– Get paid up to 2 days faster with free direct deposit of paychecks and government benefits
– Free Anytime Alerts where you get your balance and transactions via text or email
– Secure: All purchases are protected by Visa Zero Liability protextion
– Annual fee is up to $9.95 per month

4.Prepaid Visa Classic RushCard
– Enroll in Direct Deposit and get your pay up to two days early
– Choose from multiple fee plan options, and switch for free
– Transfer money to another RushCard member for just $0.99
– No overdraft fees
– Your money is covered by Visa Zero Liability protection
– Access to over 23,000 fee-free MoneyPass ATMs from coast-to-coast. With this you have the ability to check your balance free of charge.

5. BuyRight Prepaid MasterCard
– Get access to your money up to 2 days faster with the Free Direct Deposit
– Choose your card design at no additional costs
– Guaranteed Rewards – Earn when you spend for prepaid cell minutes, iTunes, RedBox, Starbucks, and more
– Online bill pay
– No credit check, No bounced check fees, and no overdraft fees ever
– Travel Expenses – Ability to rent cards, reserve hotels, and shop safely online.

6. First Premier Bank Credit Card
– Having a checking account is required
– Processing fee
– Reports your credit history to the major consumer reporting agencies
– Issued by FDIC-insured first Premier Bank

7. First Premier bank Gold Credit Card
– Having a checking account is required
– Processing fee
– Reports your credit history to the major consumer reporting agencies
– This is a credit card, not a debit or prepaid card
– Get an immediate approval response

8. NewSpend Via Prepaid Card
– Get paid up to 2 days faster with direct deposit
– 100% approval with no credit check
– Get your paycheck and government benefits up to 2 days faster with free direct deposit
– Earn cash back with NetSpend Payback Rewards
– Real-time activity alerts sent to your mobile phone
– Prescription discounts up to 55% off
– Fund are FDIC-insured up tp the current coverage limit w/ ID verification

9. Pre-Qualified Credit Card by First Premier BankK
– Easy 3-step qualification process
– Enjoy online bill pay, unlimited online account access, and paperless statements for a small, one-time fee
– Monthly reporting to the major consumer reporting agencies
– Opportunity to increase the credit limit after your account has been opened for up to 13 months and kept in good standing

10. First Progress Platinum Prestige MasterCard Secured Credit Card
– This is a smart alternative to prepaid cards and expensive high fee/APR credit cards
– Reports monthly to all 3 major bureaus and approval is based upon a fully-refundable security deposit
– Can be approved at any credit score
– No processing or application fees required
– Full-featured Platinum MasterCard, accepted for car rentals, hotels, and millions of other locations worldwide.
– Refundable security deposit require at time of application, only apply when you have a minimum of $300 to deposit immediately from a checking account or debit account
– Program not available in NY, WI, or IA

Each one of the above credit cards has their own unique qualities that can help you take hold of our finances and credit history. Just make sure you do your research on these cards to figure out which one is the best fit for you.

Jessica Williams is Consolidated Credit’s Marketing Communications New Media Coordinator. As a member of the education team, Jessica focuses on helping consumers make better financial decisions while living debt-free. She has previously worked with Take Stock In Children, where she was a mentor and communications specialist, and SouthPromo.com, where she managed community relations, event planning, marketing, and public relations. Jessica attended both the University of Florida and the University of Central Florida where she received her B.S. in Interpersonal/Organizational Communications and Marketing. Connect with Jessica on Google+.