If you are struggling with a low credit score, there are many credit cards that can help you repair your score. Capital One Secured Mastercard or Discover it Secured are some options. Applied Bank Gold Pr preferred is another option. Capital Bank has a subsidiary called Reflex Mastercard that you can use if you don't wish to sign up for a secured card.
Capital One Secured Mastercard
Capital One Secured Mastercard might be an option for you if your credit score falls below 600. This card is designed for those with bad credit. The annual fee is not charged. It reports to all three credit bureaus and has a low initial credit limit. It offers fraud protection and zero fraud liability.
Capital One Secured Mastercard is a great option for those with fair or poor credit. It comes with a zero fraud liability guarantee and offers autopay, travel assistance, extended warranties, and auto rental insurance. You can also enjoy 24/7 customer care with this card. This card allows you to start rebuilding credit and improving your credit score.
Capital One Platinum Secured Credit Card also has a low annual cost and low refundable deposits. The card's minimum deposit is $49.00. This is significantly lower than other cards. This credit card offers a variety of tools to help you manage your credit score, payment history, and balance.
Discover it Secured
Discover it Secured may be the right credit card for you if you have low credit scores but want to pay a low annual fees. Although there is no annual fee, this card does charge fees for cash advances, balance transfers and returned payments, up to $40. You will also get a very high rate of interest.
The minimum cash deposit required to get a Discover it Secured MasterCard is $200. This deposit is refundable. Other benefits include a 2% cash back rate at gas stations and restaurants, as well as unlimited 1% cash back on all purchases. Discover will match your cash back the first year. It also doesn't charge an annual fee.
When evaluating your application, the credit card issuer will look at your history. They'll look at your payment and balance history, as well as how long you've had credit. You may also be asked if you've applied for new credit cards recently. This could indicate that you are planning to take on more debt. It's not a good idea for you to have more debt that you can pay off.
Applied Bank's Gold Preferred
Applicants with a credit score 600 or above can apply for the Applied Bank Gold preferred credit card. The application process is relatively simple and only takes a few minutes. To receive approval, your application must be submitted within 24 hours. If you have a high credit score, you can receive $200 online cash rewards after you make a minimum $1,000 purchase in the first three months.
This card is a great option as it offers many advantages over other options. It's easy to apply, doesn't require credit checks and reports payment information directly to the three major credit bureaus. It is also more affordable than other unsecured cards. While there is no introductory charge, the card does have many additional fees.
The card charges an annual fee, which is slightly higher than for the Open Sky credit card. However the card offers a low rate of interest. The Applied Bank secured Visa Gold Preferred card is a better option for those with low credit scores.