The best credit card for people with bad credit is the Discover it® Secured Credit Card because it is available to applicants with a credit score below 640, it has a $0 annual fee, and it gives very good rewards. Cardholders earn 1 - 2% cash back and get their first-year earnings doubled after the first account anniversary.
Below, you can see how the rest of the best credit cards for bad credit measure up.
Best Credit Cards for Bad Credit Compared
|Credit Card||Best For||Annual Fee|
|Discover it® Secured Credit Card||Overall||$0|
|Capital One Quicksilver Secured Cash Rewards Credit Card||Low Deposit||$0|
|Bank of America® Unlimited Cash Rewards Secured Credit Card||Cash Back||$0|
|Credit One Bank® Platinum Visa® for Rebuilding Credit||No Deposit||$75 intro 1st yr, $99 after|
|OpenSky® Secured Visa® Credit Card||No Credit Check||$35|
|Amazon.com Secured Credit Card||Store||$0|
Methodology for Selecting the Best Credit Cards for Bad Credit
To identify the best credit cards for bad credit, WalletHub’s editors compare more than 1,500 credit card offers based primarily on their approval requirements, fees and credit-bureau reporting. We also consider their rewards and other notable features – including whether a security deposit is required - as tiebreakers.