Bianca Smith, WalletHub Credit Cards Analyst
The best credit-building credit card for bad credit is the U.S. Bank Cash+® Visa® Secured Card because it accepts applicants with a credit score as low as 300 and sends monthly reports to the credit bureaus. The card also comes with a $0 annual fee and offers 1 - 5% cash back on all purchases. Because it’s a secured credit card, you’ll have to put down a refundable deposit of at least $300. Your card’s credit limit will match the deposit amount.
Best Credit-Building Credit Cards for Bad Credit
- U.S. Bank Cash+® Visa® Secured Card: Best Overall
- Capital One Platinum Secured: Low Minimum Deposit
- NASCAR Credit Card: Best Unsecured
- Amazon.com Secured Credit Card: Best Retail Card
Picking the right credit card is essential for building your credit score quickly and cheaply, but the way you use it is even more important. As a rule of thumb, always pay your bill on time and keep your credit utilization low. For more information, you can check out WalletHub’s complete guide on how to build credit.
Capital One Platinum Credit Card
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