William Memphis, WalletHub Credit Card Advisor
@bill.memp1
One of the best credit cards for a 550 credit score is the OpenSky® Plus Secured Visa® Credit Card because it has a $0 annual fee and there’s no credit check when you apply, so approval is almost guaranteed. You just need $300 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.
However, this isn’t the only credit card you can get with a 550 credit score. In fact, there are two kinds of credit cards for people at that credit level: secured credit cards and unsecured credit cards for bad credit. A 550 credit score is within the bad credit range, which goes from 300 to 639. But picking the right 550 credit score credit card and using it responsibly could help you improve your score.
Some of the best credit cards for a 550 score:
You can also check our editors’ complete picks for the best credit cards for bad credit to see which one best suits your needs.
Before applying for a card, make sure to check out its terms and conditions, or an FAQ page if there is one. This way, you can make sure you fit the criteria for eligibility. You can also try getting pre-approved for a credit card. It won’t hurt your credit, and it will give you a good idea of your odds if you decide to apply.
Bart Ashton, Member
@bart_ashton
The First Progress Platinum Prestige MasterCard Secured Credit Card is one of the best. They'll approve you at any credit score, there are no application fees, and security deposits start at $200.
Savannah Reese, Member
@SavannahBanana
I had no credit and was able to get a credit card without a secured deposit. It is the QuicksilverOne card by Capital One. It was a life saver for building my credit.
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There is no minimum credit score needed for a credit card. You can get certain credit cards with no credit score or a bad credit score, especially if you have enough income to pay the bills, and some credit card companies won’t even check your credit history when you apply.
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You can get a credit card with bad credit by applying for a secured credit card (which requires a security deposit) or an unsecured credit card for bad credit. Secured cards are the easiest credit cards to get, offering good approval odds even to people with bad credit.
Some secured credit cards don’t even check applicants’ credit history, which means there’s no hard pull to hurt your score further and past mistakes won’t prevent you from getting approved. Secured cards also charge...
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