Rates Current as of Sunday September 24, 2017

Best Bad Credit Cards

Bad credit credit cards are cards designed for people with less than perfect credit. Bad credit credit cards may be appropriate for individuals that have a poor credit history, a limited credit history, or no credit history at all. For consumers with less than perfect credit there are a variety of bad credit card options available. As with any credit card, finding the best bad credit card is the key.

Having bad credit won't necessarily prevent someone from getting a credit card. There are several different types of bad credit cards that are accessible including: prepaid credit cards, secured credit cards, and unsecured credit cards.

Choose from both secured and unsecured credit card offers among the bad credit card offers to find the best credit card with the best credit card rate. Even with bad credit or no credit history, there are credit cards from banks and credit card companies for people with less than perfect credit with a wide range of credit card rates, fees and reward programs.

These credit cards may be able to help build, rebuild, or re-establish a credit history. Because of the potential for higher credit card interest rates, fees, and other limitations shopping and comparing bad credit card offers is essential. Compare the top 10 best bad credit cards and apply online safely and securely.

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the - Apply Now - button, you can review the credit card terms and conditions on the issuers website.

Best Credit Cards for Bad Credit January 2015

If you have less than perfect credit, do not fret.  There are quite a few of credit cards available for consumers that are geared towards individual that have poor credit or wish to build up their credit history. 

Credit rates and terms on new credit card offers change regularly based on a number of conditions including changes in the overall level of interest rates, regulatory updates, and competition among the credit card issuers.  Unfortunately, many of these credit cards marketed to consumers with blemished credit have high rates and annual fees.  In fact, a great deal of credit card promoted for poor or bad credit customers are crap.  Fee driven, high rate crap.

Consumers with bad or poor credit should be especially vigilant where comparing the credit cards rates and terms available to avoid getting stuck with a card that hampers their quest to improve their credit instead of helping.

There are several different types of credit cards for bad credit.  The best of the lot are relatively easy to apply for, have modest rates and fees, and report the card holder’s payment history to the major credit reporting agencies.  Each month, Bestcreditcardrates.com compiles a list of the best credit cards for bad credit that do not require a security deposit or include prepaid cards.  Here is a current list of the best credit cards for bad credit as of January 2015:

Capital One has the best assortment of credit cards for consumers that have less than perfect credit.  The three cards listed by Capital One are for customers that have average credit.

Capital One Logo

Capital One QuicksilverOne Rewards
This Capital One card has a $39.00 annual fee.  The card currently has a zero percent introductory APR until September 2015 and a 22.9% variable APR after that period.  This is a rewards credit card that allows account holders to earn unlimited 1.5% cash back on every purchase with no limit on how much can be earned with no changing categories.

Capital One Platinum Card
The Capital One Platinum credit card has no annual fee for the first year and a $19.00 fee after that time.  The credit card rate for purchases is 24.9% on a variable APR. 

Capital One Classic Platinum Card
The Classic Platinum card has a $39.00 annual fee and 20.9% variable APR for purchases. 

Both, the Classic Platinum and Platinum cards give the account holder access to a higher credit line with Credit Steps after making the first 5 monthly payments on time. Customers also get free unlimited access to their credit score, what-if simulator, and other tools that help monitor their credit profile with Capital One® Credit Tracker

 Barclaycard Rewards MasterCard

Barclaycard Rewards MasterCard
The Barclaycard Rewards MasterCard is geared towards applicants with average credit.  The card has no annual fee.  The rate for purchases is 24.99% variable APR.  This is a rewards credit card that offers 2 points per $1.00 spent on gas, grocery, and utility purchases and 1 point per $1.00 on all other purchases.  Card holders also get access to a complimentary FICO Credit Score.

 Credit One Bank® Credit Card with Gas Rewards

Credit One Bank Credit Card with Gas Rewards
The Credit One Bank credit card is one of the least expensive cards for consumers with poor credit.  There are other credit cards on the market similar to the Credit One Bank Credit Card, but the fees are often nothing less than outrageous.  The Credit One Bank card has an annual fee between $35.00 – $99.00.  There are no other regular monthly fees or set up fees with the account.  The credit card rate for purchases is 17.90% – 23.90%, variable APR.  The card earns 1% back on qualified gas station purchase transactions.  The credit card also offers automatic credit line increase reviews, free online monthly credit score tracking, and updates to all major credit bureaus.

Disclaimer –
Before applying for a new credit card, review and verify the credit card terms and conditions.  The credit card information presented is obtained from reliable sources and is believed to be accurate at the time of this publication however, this information is not guaranteed.  Bestcreeditcardrates.com receives no manner of compensation from the credit card companies or the listed credit card offers.

Best Bad Credit Card Deals and the Best Bad Credit Card Rates

Bad credit card options have never quite returned to their best market days, however bad credit card deals are available with a wide selection to choose from.  The key is always to find the best credit card with the best credit card rate even when your credit is far from perfect.

Bad credit for a consumer doesn’t mean that there are no credit cards are available.  Traditional credit cards as well as prepaid credit cards and secured credit cards are available for those with a delinquent credit history, regardless of the cause for the poor credit profile.  Those consumers with bad credit, as well as those with financial difficulties, are able to get traditional credit cards, secured credit cards and prepaid credit cards.
To review a full selection of bad credit cards and prepaid credit cards please see the credit card offers under Prepaid Credit Cards, Secured Credit Cards or Credit Cards for Bad Credit.

One of the biggest bank credit card companies in the bad credit card market is Capital One.

Capital One has been offering traditional credit cards, prepaid credit cards and secured credit cards to consumers with less than perfect credit for a number of years.  The Capital One Standard Platinum credit card is suitable people with a minimal credit history or consumers with a limited credit history.  Capital One summarizes the credit background for the credit card applicant as one who;  has had their own credit card for less than three years or never had a credit card before, has a limited credit history and has a valid credit score that can be found at one of the major credit reporting companies.  This is not the approval requirements for the credit card but rather an overview.

The Capital One secured credit card generally has lower standards for qualification than the standard credit card but there are requirements to get approved, even though it is a secured credit card the credit card approval is not automatic.  The Capital One secured credit card works just like the traditional credit card except that it requires a security deposit with the bank which is held as collateral for the account.  The credit card limit or credit line is equal to the amount of the security deposit with a minimum of $200.00.

Capital One also offers a prepaid credit card.  There is no credit check or bank account required to obtain this credit card. Prepaid credit card holders simply deposit money onto the card and then use it to make their transactions for purchases at stores, online card transactions, or over the phone.  Prepaid cards are not like secured credit cards they operate similar to debit cards.  The Capital One Prepaid MasterCard is prepaid, which means it is dependent on the cash deposited by the account holder.  The money deposited and available on the card is the money that can be spent, there is no credit.  Of course, with no credit extended the account holder will not be subject to overdraft fees or interest charges.

Capital One credit card options are just one of the bank credit card companies in the market with credit card for people with bad credit.  Bad credit will still place a restriction on the range of credit cards that are available, but the range of options remains broad.  When choosing a bad credit, credit card there are many features to evaluate such as the credit card fees, credit card interest rates, credit card charges as well as the rewards and benefits offered by the credit card issuers.  In order to choose the best credit card with the best credit card rate, review all of the terms and conditions carefully before applying for a new credit card..

Searching for the Best Bad Credit Credit Card

A credit card for bad credit can allow consumers that did not have ready access to credit the flexibility and convenience of having a credit card.  Credit cards for bad credit often come with more restrictions and higher interest rates than standard credit cards due to the credit history of the card holders who use these cards making it even more important for consumers with poor credit to shop and compare bad credit cards thoroughly.

For consumers that have experienced a poor credit history and have had trouble making their monthly credit card payments, it may appear prudent to sit back and evaluate the need for a new credit card.  However, without a credit card consumers are not able to get hold of the conveniences that are found in credit card use such as needed credit access, purchase protection, credit card rewards programs and more.  Bad credit card holders can gain those benefits plus also reestablish and build a solid credit history once again with a bad credit credit card.

An increasing number of consumers are facing credit problems in recent years.  Even for consumers that have a measurably poor credit history, there are credit cards for bad credit available.  There are a number of bad credit credit cards that can be a good choice for consumers with some minor credit problems and those with major credit problems.

There is no clear definition of what a credit card for bad credit is.  For that matter, there is no clear definition of what bad credit or poor credit is.  The standards of what sort of credit history defines bad credit changes frequently.  There are several different types of credit cards for bad credit cards available that can cover a wide spectrum of credit problems, including; prepaid credit cards, secured credit cards, and unsecured credit cards.

Some consumers have such a bad credit history and poor credit rating that credit card companies will only consider approving a secured credit card.  With a secured credit card the consumer has to make a deposit as security for the new credit card.  In most cases, the amount the credit card holder has to deposit as security is equal to the credit card limit the credit card company will approve.  The secured credit card works just like a traditional credit card with a credit limit, interest charges, late payment fees and other attributes normally associated with a traditional credit card.

An unsecured credit card for bad credit doesn’t require a deposit with the credit card company.  Unsecured bad credit cards are regular credit cards, except that the credit card interest rates and fees are generally much higher than standard rates due to the increased risk the credit card issuer is taking.  The initial credit card limit is also generally significantly lower depending on the credit history of the applicant.  The credit card limit may be increased periodically as long as the credit card account holder pays the account in a timely fashion.

Prepaid credit cards are not actually credit accounts but function more like a debit card.  To obtain a prepaid credit card, the account holder has to open an account with the issuing bank by depositing a certain amount of money that is loaded on to the card account.  The amount that is deposited is the limit of the card.  The bank is, however, not actually issuing you any credit; any purchases made with the card are debited from the deposited funds in the account.  When the funds on deposit are all used, the card is no longer usable until more money is loaded on to the account.  There are no monthly payments, since the money on the card is already paid.  Most all prepaid credit cards require absolutely no credit check.

Whichever type of bad credit credit card is chosen, compare all of the rates, terms and conditions closely.  With the wide choice of card available, there are certainly some credit cards that have better credit card rates and fees than others.