With the state of the economy and market, more and more people are put into a tough spot due to their bad credit score. Thankfully, choosing the right credit card can give one all the financial benefits of good credit score holders, as well as improve overall credit score.
Having poor credit makes it difficult to get a car loan, mortgage, or apartment lease, so taking steps to improve one’s credit score is crucial.
Capital One Secured MasterCard
This credit card can help rebuild credit scores as well as establish a good credit history. This credit card allows its holder to choose the most suitable credit line for all needs and keep track of credit score using Credit Wise from Capital One. With each timely payment, the overall credit score will improve. Thanks to the application software, a person can always track progress and plan budgets accordingly. This credit card has no annual fees and requires only a deposit ranging from $50 to $200 to open a line of credit. As the credit score increases over time, there won’t be a need to make additional deposits.
Indigo Platinum MasterCard
Indigo Platinum MasterCard is a very good option for people with a history of financial difficulties, who can’t seem to get a good credit card provider. On opening a line of credit, no deposits are required, but one does need to give up a small fee annually. To avoid high interest rates and ramp up one’s credit score, be sure to make payments on time. It doesn’t matter if a person has filed for bankruptcy in the past, this credit card is accessible to all.
Credit One Bank Unsecured Visa
A person can pre-qualify for this credit card without further damaging any current credit score. This card is suitable for anyone who has a history of bad credit scores. Users enjoy a 1% cashback reward on all purchases regardless of credit score, once monthly payments are made on time. For a small annual fee, flexible due dates are available.3
Tips and Tricks to Rebuild Credit Score
Whether a person is looking to build a good credit score or improve their score, a few things should be kept in mind.
It’s not a good idea to send out multiple requests for credit cards as this can considerably lower credit score. Credit card companies carry out a rigorous credit check for all new requests they receive. These checks have a negative effect on annual credit scores. It is advisable to consider all options that are available, then choose the credit card company that’s most suitable.
The credit cards mentioned here pre-qualifies one without their credit score taking a nosedive. A history of terrible financial decisions should not mean a lifetime of a lousy credit record. A person can start the journey of rebuilding their credit score and getting their finances in order just by acquiring a new credit card
