Rodney Bennett, WalletHub Analyst
@rodneyben
The best low interest credit card for bad credit is the Credit One Bank® Platinum Visa® for Rebuilding Credit. The APR is 24.24% (V). While that’s still relatively high, it’s a lot cheaper than other unsecured credit cards for bad credit, which offer APRs of 24% - 36%.
The Credit One Bank Visa has no monthly or one-time fees. But the annual fee is $75 intro 1st yr, $99 after. New cardholders start out with a $300 credit limit, and can earn 1% cash back on purchases in specific categories. However, you won’t know which categories are eligible for rewards until your application is approved.
Unfortunately, unsecured credit cards for bad credit with low interest rates are hard to come by. Plus, unsecured cards for bad credit will often come with excessive fees and low starting credit limits, regardless of their APRs.

2022's Credit Cards for Bad Credit
Compare CardsJamie Thompson, WalletHub Analyst
@ExTaxMan
You could also consider secured cards. They’re easy to get with bad credit because they require a refundable security deposit to open the account. The deposit serves as collateral for the lender and minimizes their risk, and your credit limit is equal to the deposit. But if you’re planning to carry a balance, secured cards aren’t ideal since you’re basically prepaying for your purchases with the deposit and then owing interest.
The best low interest secured credit card for bad credit is the Applied Bank Secured Gold Preferred Credit Card because it has one of the lowest APRs available, at 9.99%. It requires a minimum $200 security deposit to open the account, and you can deposit a maximum of $1,000. There’s also a $48 annual fee. First Progress Platinum Prestige Secured Card is another good option. Its APR is the same, at 10.24% (V), but there is a slightly higher annual fee: $49.
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