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 subsidiary, Reflex Mastercard offers alternatives to secured cards.
Capital One Secured mastercard
Capital One Secured Mastercard might be an option for you if your credit score falls below 600. This card is intended for those with bad credit and doesn't charge an annual fee. 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 travel assistance (autopay), extended warranties, and car rental insurance. This card also comes with extra features, including 24/7 customer service. 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. The credit card comes with a range of useful tools that will help you track your credit score and payments.
It's Secure!
If you're looking for a credit card with a low annual fee but have a low credit score, consider Discover it Secured. The card comes with no annual fee. However, there are fees for cash advances, balance transfer, and returns up to $40. It also has a high ongoing interest rate.
The Discover it Secured card requires a minimum cash deposit of $200. This deposit is refundable. You also get unlimited cash back and a 2% cashback rate at gas stations, restaurants, and on all other purchases. Discover will match your cash back the first year. There is no annual fee.
When evaluating your application, the credit card issuer will look at your history. Your credit history, including payment and balance history, will also be considered. 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 not a good idea for you to have more debt that you can pay off.
Applied Bank Platinum Preferred
Applicants who have a 600 credit score or more can apply for the Applied Bank Gold Prreferred credit card. The application process takes only a few minutes and is very simple. To be approved, you will need to submit your application within 24hrs. For those with good credit, $200 cash reward is available after you spend at least $1,000 on purchases in the first 3 months.
This card offers several benefits 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 much more affordable than other unsecured credit cards. Although there is no introductory fee, it does come with a long list of 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. For people with low credit scores, the Applied Bank Secured Visa Gold Prreferred credit card offers a safer alternative.