The best unsecured credit card for bad credit is the Credit One Bank® Platinum Visa® for Rebuilding Credit because it has a $300 minimum credit limit, its annual fee could be as low as $0 (or as high as $99), and you don’t have to put down a security deposit. The Credit One Platinum Visa also gives cardholders 1% cash back on select purchases. Plus, this card is made for people with bad credit. It reports to the major credit bureaus on a monthly basis, giving cardholders the chance to build better credit scores by making on-time payments.
But the pickings are pretty slim, unfortunately. That’s why we recommend reconsidering secured credit cards, which tend to be far cheaper in the long run. Short of that, try to avoid cards with one-time fees and focus on offers with just a small annual fee. That’s how our editors whittled down a list of 1,000+ credit card offers to their picks for the best credit cards for bad credit with no security deposit.
|Card Name||Spending Limit||Annual Fee||APR|
|Credit One Bank® Platinum Visa® for Rebuilding Credit||$300||$0 - $99||19.74% - 25.74% (V)|
|Indigo® Mastercard® for Less than Perfect Credit||$300||$0 - $99||23.9%|
|Milestone® Mastercard® - Bad Credit Considered||$300||$35-$99*||23.9%|
|Official NASCAR® Credit Card from Credit One Bank®||$300||$0 - $99||19.74% - 25.74% (V)|
No matter which card you end up getting, you can track your credit improvement for free on WalletHub. You will also benefit from personalized money-saving advice.