6 easiest credit cards to get

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While credit cards are the source of so much toxic debt in America, they can also provide a roadmap for getting back on the path to good credit if your score takes a beating. If you can get approved for a credit card, after all, you can make payments on time, keep your utilization rate low, and rebuild your reputation with potential lenders. Catch 22 is that you need good credit to get approved for the credit cards you need to rebuild your bad credit – or do you?

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GOBankingRates has identified six credit cards designed specifically for people with fair credit, bad credit, and even no credit at all. Some stand out for their lenient application standards, while others have made a name for themselves with rewards and perks typically reserved for people with good credit. All of them, however, are worth checking out if you’re struggling with a sub-par score.

1. Check it out Chrome Student

All cards marketed to students have lower credit history and score standards than consumer cards, but Discover it Student Chrome is uniquely forgiving and uniquely rewarding. Although you don’t even need a credit score to apply and there’s no annual fee, you’ll earn premium benefits as you build your credit. This includes up to 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, your cash back will automatically equal your first year and you will be eligible for an introductory APR of 0% for six months (then a 15.24% – 24.24% variable APR will apply). All of this on top of earning 1% cash back on all other purchases, which Discover describes as “at school, at home, and everywhere in between.”

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2. Capitol One Platinum MasterCard

Capital One Platinum consistently ranks among the highest rated cards for people with average to medium credit. It has a low credit score requirement and automatically considers cardholders for a credit limit increase after just six months. The only nagging criticism is the lack of a rewards program, but the card comes with no annual fees and no international transaction fees. Plus, cardholders qualify for automatic line of credit reviews so you can monitor your score as you go.

3. Capital One Platinum Secure

This secure card offers a clear and achievable path to improved credit and life with a fully fledged consumer card. Not only does Capital One report payments to the bureaus on time, but if you continue to use your card responsibly, you’ll get your deposit back and be upgraded to an unsecured Platinum card. There’s a $0 annual fee and flexible due dates that fit your budget, as well as your schedule.

4. Secured First Progress Platinum Elite MasterCard

You don’t need a credit history or minimum score to get this card, but you will have to pay an annual fee of $29. In exchange, you will be approved without investigation, even if you have a discharged bankruptcy on your file. Like all secured cards, this one does not extend credit, but offers cardholders the option to “pay 6 months on time and apply for a second credit card”. A unique benefit for those looking to expand their credit card usage.

5. OpenSky Secure Visa

Apply for this card with a quick four-step online application, accept the terms, make a deposit, and you’ll be good to go. You will have to pay a $35 annual fee, but there is no minimum credit score to be approved for this card. As with First Progress Platinum Elite, deposits can be as low as $200 and on-time payments are reported to all three bureaus to help build your credit.

6. Capital One Quicksilver One

Capital One used to list the credit requirement for its QuicksilverOne card as “fair” and charge a $39 annual fee, but those days are over. The annual fee is now zero, as is the intro APR: 0% for 15 months, then 17.99% – 27.99% variable APR beyond that period. Other than that, it offers many of the same perks as Capital One, including unlimited 1.5% cash back with every purchase and up to $200 in bonus cash, plus select travel rewards at no cost. foreign transaction.

Start building your credit

Even with poor credit or no credit, you can still get a credit card to build or rebuild your credit. A credit card can make payment very convenient, but you have to be responsible for it. Avoid going into debt if you want to increase your credit score and open up other credit options in the future. Guaranteed approval credit cards don’t exist, and if you apply for too many credit cards in a short time, it could hurt your credit.

The easiest types of credit cards to get

You can also improve your credit score with a few of these credit card options, as long as you make timely payments.

  • In-store credit cards: Store cards may be the easiest credit cards to get with bad credit because they don’t usually require a high credit score. Plus, you can build your credit with a store card. You are, however, limited to using it in that particular store, usually a department store.

  • Prepaid cards: A prepaid credit card works like a debit card. You make a deposit to the card and withdraw the funds as you make purchases. You won’t increase your credit with a prepaid credit card because issuers don’t typically report your usage to the credit bureaus.

  • Secure bank cards: Like prepaid credit cards, secured credit cards require a deposit. If you fail to make payments, you will lose your deposit. Unlike prepaid cards, secure credit card issuers report your payment history to the credit bureaus so you can repair and strengthen your credit with this type of card. Because bad credit no deposit credit cards can be hard to come by, you might get a secured card as a good alternative.

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Jake Arky and Allen Young contributed reporting for this article.

Methodology: GOBankingRates.com identified the best credit cards by analyzing purchase APRs, credit card fees, rewards, and offers. All fees and rates are subject to change at the discretion of the credit card issuers. Additionally, some bonus offers may or may not be available on credit card issuers’ websites, depending on how you access the webpage. View current credit card offers from our partners on CardCritics Here or on the issuer’s website.

This article originally appeared on GOBankingRates.com: 6 Easiest Credit Cards to Get

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