The best Capital One credit card for rebuilding credit is the Capital One Secured Mastercard because it has a $0 annual fee. The Capital One Secured Card also reports to all 3 major credit bureaus (Experian, Equifax and TransUnion) on a monthly basis. That means it will help you rebuild your credit if you use it responsibly.
You must make a fully refundable security deposit of $49, $99 or $200, based on creditworthiness, to open an account. The deposit minimizes Capital One’s risk and makes the card easy to get. Even people with bad credit have good approval odds with the Capital One Secured Card.
All approved applicants get a $200 starting credit limit. You can deposit additional funds to raise the limit by the same amount. You just have to do it within 36 days of being approved and before you activate the card. The maximum credit limit is $1,000.
That’s the only Capital One credit card for rebuilding bad credit. But if you’ve already graduated to fair credit, look into Capital One’s QuicksilverOne Cash Rewards card. It offers 1.5% cash back on all purchases and charges a $39 annual fee. Capital One Platinum is another good choice for rebuilding credit if you have a fair score. It doesn’t offer rewards but it does come with a $0 annual fee. If approved for either card, you’ll receive a $300 minimum credit limit.
The Fingerhut Credit Account is the easiest unsecured card to get. But it won’t suit everyone’s needs. Fingerhut is an online marketplace, and its card can only be used to make purchases on the site. So while it will give you an unsecured line of credit, it won’t really help you cover emergency expenses.… read full answer
If you’re looking for a card that can be used for anything, the Credit One Bank® Visa® Credit Card is your best bet. You can get approved for it with bad credit. It offers a $300 starting spending limit. And you can use it wherever Visa is accepted.
Those aren’t your only options, though. WalletHub’s editors compared all of the unsecured credit cards in our database of 1,000+ offers. And we selected our favorite easy-to-get offers.
Here are the easiest unsecured credit cards to get:
The easiest unsecured credit cards to get generally work best for minor emergencies. You will only receive a small amount of spending power, after all.
Unsecured credit cards for people with bad credit also tend to be very expensive, charging lots of fees and high interest rates. So if you don’t need a small emergency loan, the best course of action is to improve your credit inexpensively with a secured card. Secured cards are cheaper than unsecured cards, build credit just as effectively, and offer the closest thing you’ll find to guaranteed approval.
You cannot ask for a Capital One secured to unsecured graduation, but graduation is definitely possible. The first option when it comes to graduating is the Capital One Platinum, which is a reasonable no-annual fee credit card.
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