Sydney Garth, Credit Cards Moderator
@sydneygarth
The best credit card for bad credit with no processing fee is the Credit One Bank® Platinum Visa® for Rebuilding Credit. This card has an annual fee of $75 intro 1st yr, $99 after, but there’s no one-time fee for application processing. Although some unsecured credit cards for people withbad credit do charge processing fees, there are at least a few options without them.
People in search of credit cards for bad credit with no processing fees have even more choices when they consider secured credit cards. For example, you’ll have to place a refundable deposit to get the Capital One Platinum Secured Credit Card, but it doesn’t charge an annual fee or a processing fee.
Some of the Best Credit Cards for Bad Credit with No Processing Fees:
- Overall: Credit One Bank® Platinum Visa® for Rebuilding CreditCredit One Bank® Platinum Visa® for Rebuilding CreditLearn MoreLearn Moreon issuer's website
- No Deposit Required: OppFi® CardOppFi® CardLearn MoreLearn More
- Partially-Secured: Capital One Platinum Secured Credit CardCapital One Platinum Secured Credit CardLearn MoreLearn More
- No Credit Check: OpenSky® Secured Visa® Credit CardOpenSky® Secured Visa® Credit CardLearn MoreLearn Moreon issuer's website
- Rewards: Capital One Quicksilver Secured Cash Rewards Credit CardCapital One Quicksilver Secured Cash Rewards Credit CardLearn MoreLearn More
If you’re worried about keeping costs down, try to get a credit card with no processing fee, no annual fee, and no monthly fee. You should try to pay your bill in full every month, too. Even the best cards for bad credit have really high interest rates.
2023's Credit Cards for Bad Credit
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Bart Ashton, Member
@bart_ashton
The Green Dot primor Visa Gold Secured Credit Card is pretty good. Security deposit starts from $200. It's fast and easy to apply for and will help build up your credit score.
Eileen Winters, Member
@eileen_winters
Plenty of secured credit cards have no processing fee. Credit One have pretty good ones, but you can easily count on Opensky.
People also ask
What are the best credit cards for a 550 credit score?
One of the best credit cards for a 550 credit score is the OpenSky® Secured Visa® Credit Card. There’s no credit check when you apply, so approval is almost guaranteed. You just need $200 for a refundable security deposit and enough income to make monthly payments. This card also reports to all three major credit bureaus (Equifax, Experian, and TransUnion) every month, which is your ticket to a better credit score. And a $35 annual fee isn’t too much to pay for that.
... read full answerWhat's the easiest unsecured credit card to get approved for?
One of the easiest unsecured cards to get approved for is the Credit One Bank® Platinum Visa® for Rebuilding Credit because you can get approved for it even with bad credit. This card offers a $300 starting spending limit, and you can use it wherever Visa is accepted.
Easiest Unsecured Credit Cards to Get Approved For
- Credit One Bank® Platinum Visa® for Rebuilding Credit: Bad Credit
- Capital One Platinum Credit Card: No Credit
- Capital One SavorOne Student Cash Rewards Credit Card: Students
- Capital One Spark Classic for Business: Small Business
The easiest unsecured credit cards to get...
read full answerWhat are the best unsecured credit cards for no credit?
One of the best unsecured credit cards for no credit is the Petal® 2 Visa® Credit Card because it has a $0 annual fee and a 0% foreign fee. The Petal 2 Card also rewards cardholders with up to 1 - 1.5% cash back cash back on purchases.
Or, if you’re in college, you can get a student credit card. Student cards are unsecured credit cards for no credit that are available only to college students. They tend to give better terms than non-student unsecured credit...
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