William Memphis, WalletHub Credit Card Advisor
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.
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
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
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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