- You are late on a credit card, loan or medical bill or payment
- The balances on your credit cards are near your limits
- You have declared bankruptcy in the last three years
- You have been more than 60 days late on a medical bill, credit card or loan payment in the last nine months.
If you've made some missteps along the way and now have bad credit (or below-average credit), applying for one of the following credit cards could be a good first step to a fresh start (certain offers are sponsored). To rebuild your credit history you must make on-time payments to all of your creditors and maintain balances below your credit limits. By doing so, positive information will get added to your major credit reports each month and will dilute the effects of previous mistakes like bankruptcy , foreclosure, charge-offs or missed payments . Before you apply for a credit card for poor credit, however, you should compare all of the offers on this page to make sure that you’re getting the best terms for your needs. Our recommendation is that you choose a secured credit card , as it will offer the highest chances of approval and charge the lowest fees. Finally, avoid falling for the trap of thinking a prepaid card can help you build credit. While some advertisements might suggest that, it’s simply not true.… show moreshow less