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The best credit card you can get with a 500 credit score is the Bank of America® Travel Rewards Secured Credit Card because it has a $0 annual fee and rewards you with 1.5 points per $1 spent on all purchases. The Bank of America Travel Secured Card requires a deposit of $200 for an equal credit limit.
Best Credit Cards for a 500 Credit Score
A secured credit card gives you the best opportunity to rebuild from a 500 credit score. Secured cards offer high approval odds, and they report to the major credit bureaus each month.
When used responsibly, the right credit card for a 500 credit score can put you on the path to good credit. The key is to pay your bill on time every month.
For more tips, check out our guide on how to rebuild bad credit. You can also get personalized credit-improvement advice and credit card suggestions with a free WalletHub account.
Popular Credit Cards for Bad Credit from Our Partners
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No Deposit
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No Credit Check
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Rewards
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Partially Secured
People also ask
Can I get a credit card with a 500 credit score?
Yes, you can get certain credit cards with a 500 credit score. A 500 credit score will limit your options to secured credit cards and unsecured credit cards for bad credit, but it won't prevent you from qualifying for a good credit card.
Secured cards tend to be the best choice for someone with a 500 credit score because they're easier to get and cheaper to own than unsecured cards for bad credit. Some secured cards won’t even check your credit when you apply.
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read full answer by Chip Lupo, Credit Card WriterWhat's the easiest unsecured credit card to get approved for?
Some of the easiest unsecured credit cards to get are the OneMain Financial BrightWay® Card, the Petal® 2 Visa® Credit Card and the Capital One QuicksilverOne (see details, rates & fees) Credit Card. You can apply for the OneMain Financial BrightWay® Card with bad credit, while the Petal 2 Card and Capital One QuicksilverOne (see details, rates & fees) accept people with no credit history.
Easiest Unsecured Credit Cards to Get
Alternatives to unsecured credit cards for bad credit
Unsecured credit cards for people with bad credit tend to be very expensive, charging lots of fees and high interest rates. So, if you don’t need...
read full answer by WalletHub, Financial CompanyHow can I get a credit card with bad credit?
You can get a credit card with bad credit by applying for a secured credit card or an unsecured credit card for bad credit. Secured cards have lenient credit score requirements, making them accessible even if you have bad credit, but you will have to place a refundable security deposit that will become your credit limit.
Some secured credit cards don’t even check an applicant’s credit history, which means there’s no hard pull to hurt your credit score further. Plus, past mistakes...
read full answer by John S Kiernan, Managing EditorDid we answer your question?
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