Bianca Smith, WalletHub Credit Cards Analyst
One of the best free credit cards 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 comes with a $0 annual fee. The U.S. Bank Cash+® Visa® Secured Card doesn’t have any monthly or one-time fees, either. Plus, it offers 1 - 5% cash back on purchases.
If you pay your bill in full each month (thereby avoiding interest), you could make purchases, earn rewards, and build credit at no additional cost. Because the card is secured, you’ll have to put down an initial deposit of at least $300. But U.S. Bank will return your deposit if you close the account with a $0 balance. Or, if you consistently pay your credit card bills on time and keep your balance well below the credit limit, you may eventually graduate to an unsecured version of the card and get the deposit back.
Some of the Best Free Credit Cards for Bad Credit
The best free credit cards for bad credit are usually secured credit cards. Just note that secured cards usually require at least a couple hundred expendable dollars. But these cards can still be a lot cheaper in the long run. Especially when you compare them to unsecured credit cards for damaged credit, which usually do charge fees. You can compare more no-fee credit card offers based on your credit score on WalletHub.
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