You can repair your credit score by applying for credit cards if you have a low credit rating. Capital One Secured Mastercard or Discover it Secured are some options. Applied Bank Gold Pr preferred is another option. Capital Bank's Reflex Mastercard subsidiary can be an option if you don’t want to take out a secured credit card.
Capital One Secured Masterscard
Capital One Secured Mastercards are a great option for anyone with a 600 credit score or less. This card is for people with poor credit. There's no annual fee. It reports to all credit bureaus and has an initial credit limit of only $2,500. It also provides zero fraud liability protection and fraud protection.
Capital One Secured Mastercard is a great option for those with fair or poor credit. It offers travel assistance, extended warranties and auto rent insurance. You can also enjoy 24/7 customer care with this card. You can rebuild your credit with this card and improve your credit score.
Capital One Platinum Secured Credit Card's low annual fees and low refundable deposits are another advantage. The card's minimum deposit is $49.00. This is significantly lower than other cards. This credit card has many useful tools to help monitor your credit score as well as your available balance and payments.
Find it Secure
Discover it Secured credit cards are a good choice for people with low credit scores who are looking for low annual fees. The card comes with no annual fee. However, there are fees for cash advances, balance transfer, and returns 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. 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. It doesn't even charge an annual fee.
Credit card companies will examine your credit history before approving your application. They'll look at your payment and balance history, as well as how long you've had credit. They will also check to see if you haven’t applied for a new card. This may indicate that you plan to take on additional debt. It's never a good idea to carry more debt than you can pay off.
Applied Bank Gold Preference
Applicants with a credit score above 600 can apply to the Applied Bank Gold Prefer credit card. The application process is relatively simple and only takes a few minutes. For approval to be granted, you must submit your application within 24hrs. Those with a good credit score can get a $200 online cash reward after making a minimum of $1,000 in purchases during the first three months.
This card has many advantages over other options. It is easy and straightforward to apply for. It's also quite affordable compared to other unsecure credit cards. It does not charge an introductory fee, but it does have a lengthy list of 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.