No, there isn’t any Barclaycard for bad credit. Most Barclaycards require at least good credit, and some require excellent credit. But Barclays isn’t the only issuer out there, and several others have secured cards for people who are rebuilding their credit.
Secured cards are generally open to those with bad credit because they require a security deposit. The deposit serves as your credit limit, and as collateral if you default. If you pay off your balance and close your account, you’ll get your deposit back. Some of the best options even offer rewards.
Here are some alternatives to a Barclaycard for bad credit:
The OpenSky® Secured Visa® Credit Card requires a minimum deposit of $200. Your deposit serves as your credit limit. The card has a $35 annual fee. Plus, no credit check is needed when you apply.
The Credit One Visa card offers 1% cash back on gas and grocery purchases, as well as 1% back on mobile phone, internet, cable and satellite TV services. This is an unsecured credit card, with a $300 initial credit limit. The card’s annual fee is $75 intro 1st yr, $99 after.
The U.S. Bank Cash+® Visa® Secured Card card offers 5% cash back on two categories of your choice (up to $2,000 each quarter), 5% back on prepaid air, hotel and car reservations booked in the Rewards Travel Center, 2% back on your choice of one everyday category (like gas stations, grocery stores or restaurants) and 1% back on all other purchases. It requires a minimum deposit of $200. Your deposit serves as your credit limit. The card comes with a $35 annual fee.
The Capital One Quicksilver Secured card offers 5% cash back on hotel and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases. It requires a minimum deposit of $200. Your deposit serves as your credit limit. The card comes with a $0 annual fee.
The best alternative to a Barclaycard for bad credit is a secured card from another major issuer. While there are unsecured credit cards for bad credit, their secured counterparts will often have better rates and even offer rewards. If you pay your bills on time and avoid maxing out your credit limit, you’ll start seeing your credit score go up.
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