Many credit cards can help people with low credit scores. Capital One Secured Mastercards, Discover It Secured and Applied Bank Platinum Preferred are some of these options. Capital Bank has a subsidiary called Reflex Mastercard.
Capital One Secured mastercard
Capital One Secured Mastercard is a good option for those with a credit score below 600. This card is available to people with bad credit. It doesn't have an annual fee. It reports to all 3 credit bureaus. The initial credit limit is low. It also offers zero fraud liability coverage and fraud protection.
The Capital One Secured Mastercard has many benefits for people with fair or poor 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 also has a low annual cost and low refundable deposits. Its deposit is only $49.00, which is a lot less than some competing cards. This credit card offers a variety of tools to help you manage your credit score, payment history, and balance.
Find it Secure
Discover it Secured may be the right credit card for you if you have low credit scores but want to pay a low annual fees. While this card doesn't have an annual fee, it does have fees for balance transfers, cash advances, and returned payment of up to 40 dollars. You will also get a very high rate of interest.
A minimum cash deposit of $200 is required for the Discover it Secured Card. This deposit is not refundable. Other benefits include a 2% cash back rate at gas stations and restaurants, as well as unlimited 1% cash back on all purchases. Discover will match your cashback for the first year. There is no annual fee.
The credit card issuer will evaluate your credit history as part of their decision to approve your application. Your credit history, including payment and balance history, will also be considered. They will also check to see if you haven’t applied for a new card. This may indicate that you plan to take on additional debt. It's not a good idea for you to have more debt that you can pay off.
Applied Bank Platinum Preferred
Applicants with a credit score of 600 or higher can apply for the Applied Bank Gold Preferred credit card. The application process takes only a few minutes and is very simple. To be approved, you will need to submit your application within 24hrs. If you have a high credit score, you can receive $200 online cash rewards after you make a minimum $1,000 purchase in the first three months.
This card offers several advantages over other options. It is easy to get, doesn't require any credit checks, and reports payments information to all three major creditors bureaus. It is also much more affordable than other unsecured credit cards. It does not charge an introductory fee, but it does have a lengthy list of additional fees.
This card has a lower annual fee than the Open Sky card's, but it charges a higher annual fee. People with lower credit scores will find the Applied Bank Secured Visa Gold preferred credit card more secure.