Credit cards are available to help those with poor credit ratings. Capital One Secured Mastercard (Discover it Secured), and Applied Bank Preferred are just a few of the options. Capital Bank has a subsidiary called Reflex Mastercard.
Capital One Secured Mastercard
Capital One Secured Mastercard might be an option for you if your credit score falls below 600. This card is intended for those with bad credit and doesn't charge an annual fee. It reports to all three credit bureaus and has a low initial credit limit. It also offers zero fraud liability coverage and fraud protection.
Capital One Secured Mastercard provides many benefits for people with bad or fair credit. It comes with a Zero Fraud Liability Guarantee and offers travel assistance (autopay), extended warranties, and car rental insurance. This card also comes with extra features, including 24/7 customer service. This card will allow you to rebuild your credit and increase your credit score.
Capital One Platinum Secured Credit Card offers another benefit, a low annual charge and low refundable deposit. The card's minimum deposit is $49.00. This is significantly lower than other cards. This credit card has many useful tools to help monitor your credit score as well as your available balance and payments.
You can find it secured
If you are looking for a creditcard with a low fee and a low credit rating, Discover It Secured might be for you. This card offers no annual fee but does have fees for cash advances, balance transfers, and returned payments of up to $40. It also has a high ongoing interest rate.
A minimum cash deposit of $200 is required for the Discover it Secured Card. This deposit is not refundable. Additional benefits include unlimited 1% cashback on all purchases and unlimited 2% cash back at gas stations or restaurants. Discover will match your cashback for the first year. It also doesn't charge an annual fee.
Your credit history will be considered when the credit card issuer evaluates your application. Your payment history and balance history will be examined, along with how long you have had credit. You may also be asked if you've applied for new credit cards recently. This could indicate that you are planning to take on more debt. It is never a good idea have more debt than you can repay.
Applied Bank Preferred Gold
Applicants with a credit score 600 or above can apply for the Applied Bank Gold preferred credit card. The application process for the Applied Bank Gold Preferred credit card is easy and takes only a few seconds. In order to get approval, your application must arrive within 24 hours. Those with a good credit score can get a $200 online cash reward after making a minimum of $1,000 in purchases during the first three months.
This card offers several advantages over other options. It's easy to apply, doesn't require credit checks and reports payment information directly to the three major credit bureaus. It's also quite affordable compared to other unsecure credit cards. Although there is no introductory fee, it does come with a long list of additional fees.
The card charges an annual fee, which is slightly higher than for the Open Sky credit card. However the card offers a low rate of interest. The Applied Bank Secured Visa Gold Preferred credit card is a more secure alternative for people with a low credit score.