You can repair your credit score by applying for credit cards if you have a low credit rating. Some of these options include Capital One Secured Mastercard, Discover it Secured, and Applied Bank Gold Preferred. 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 available to people with bad credit. It doesn't have an annual fee. It reports to all three credit agencies and has a low credit limit. It also offers zero fraud coverage and protection.
Capital One Secured Mastercard provides many benefits for people with bad or fair credit. It comes with a zero fraud liability guarantee and offers autopay, travel assistance, extended warranties, and auto rental insurance. This card also comes with extra features, including 24/7 customer service. This card can help you rebuild your credit, and raise your credit score.
The Capital One Platinum Secured Credit Card has another benefit: a low annual fee and a low refundable deposit. The Capital One Platinum Secured Credit Card's deposit is just $49.00. This is far lower than most other cards. You can also use this credit card to monitor your credit score, make payments, and see your balance.
Find it Secure
Discover it Secured is a great credit card for those with low credit scores and who want a low annual cost. The card has no annual fees, but there are fees for balance transfers, cash advances and returned payments up to $40. It also has a high continuing interest rate.
The minimum cash deposit required to get a Discover it Secured MasterCard is $200. This deposit is refundable. Benefits include unlimited 1% cashback for all purchases, and unlimited 2% cashback at restaurants and gas stations. Discover will match the cash back you receive for the first one year. The annual fee is not charged.
When evaluating your application, the credit card issuer will look at your history. They will examine your credit history and look at how much you've paid. They will also examine your credit history and check if you have applied for any new credit cards. This could indicate that there is a possibility you may be applying for more debt. It's not a good idea for you to have more debt that you can pay off.
Applied Bank Platinum Preferred
Applicants with a credit score 600 or above can apply for the Applied Bank Gold preferred credit card. The application process takes only a few minutes and is very simple. 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 offers several benefits over other options. It is easy to apply for, does not require hard credit checks, and reports payment information to all three major credit bureaus. It is also much more affordable than other unsecured credit cards. The introductory fee is not charged, but there are many additional fees.
Although the annual fee on this credit card is higher than the annual fee for the Open Sky card, the card does have a low interest rate. Low credit score people will appreciate the Applied Bank Visa Gold Preferred credit credit card. It is more secure than other options.