Bad Credit Credit Card

If you are trying to repair your credit and you are looking for a credit card that will allow you to do that then you need good credit cards for bad credit. These credit cards mentioned here have fairly low interest rates considering the risk and low fees. If you are trying to repair your credit by applying for a bad credit credit card then make sure to use the cards wisely so that you can pay off at least the minimum charges every month and on time.

Orchard Bank. Orchard Banks are the most popular of the bad credit rating credit cards. They are offered by HSBC with three different credit cards depending on what you qualify for. If you don’t qualify for any of these cards you may qualify for their secured card. The interest rates range from 14.9% to 19.9%. Orchard Bank also charges a annual fee from $39 to $59 also dependent on your credit worthiness. The secured card which means you put down a minimum security deposit of $200 which is refundable has an APR of 7.90%. The annual fee for the Orchard Bank secured card is $35.00 which is typically waived for the first year. See also Orchard Bank Card.

Capital One Secured MasterCard.  This secured/unsecured credit card requires a deposit of $49.00 and typically you get a credit line of around $200. The annual fee is $29.00. The more you deposit the larger the credit line offered by the company. This bad credit credit card does report to all three major credit bureaus which is a good thing because if you are handling the card well then it will help improving your credit card score. The APR on this card is 22.9% so pay off any charges each month or you will likely be back in trouble.

Navy Federal Rewards Secured Card. This is a bad credit rating credit cards that is only open to qualified military personnel or to those individuals with a military connection. It is a great card for those with bad credit. It is available from the Navy Federal Credit Union. The card has an APR of 8.99%. There is no annual fee. You also earn bonus points which is different than most other bad credit credit cards out there. These bonus points are earned for each dollar you spend. The bonus points can be redeemed for merchandise or gift cards.  This card also reports to all three major credit bureaus. If you continue to use the card wisely this card can be switched up to an unsecured card.

Citi Secured MasterCard. This secured card has card holders deposit money into a CD. The annual fee is $29.00. There are no monthly maintenance fees with this secured card. The APR is a hefty 8.24% so don’t carry a balance on this one. Citi will up you to a unsecured card after 18 months if you pay the minimum every month and on time.

View bad credit credit cards in detail.