5 Best Credit Cards for Bad Credit in 2021
The easiest credit card to get with no credit is the OpenSky® Secured Visa® Credit Card. There is no credit check when you apply, so approval is nearly guaranteed for anyone who's at least 18 years old with enough income to afford monthly bill payments.
Citi® Secured Mastercard®
Citi's secured card is a solid choice for beginners with limited or no credit who are looking for a secured credit card with a low deposit and no annual fee. The minimum deposit requirement is $200. The Citi Secured Card does not offer rewards, but it is the easiest Citi credit card to get.
Getting rejected for a secured credit card might be a surprise. After all, you're paying a security deposit to protect the card issuer in case you don't make your payments. ... You may be denied if you have a bankruptcy on your record, a history of missed payments, insufficient income or other red flags. But don't give up.
Here are Select's picks for the top credit cards for building or rebuilding your credit:
The Axis Bank Insta Easy Credit Card is a chip & pin enabled credit card that puts your banking experience at ease by issuing the card against your Fixed Deposit with Axis Bank.
But if you have no credit history, you don't have a score at all. ... Even if you have been using credit within the past few months, you can still end up without a score. That's because some lenders might only report your account activity to one of the credit bureaus or not report it at all.
It's best to keep this under 20%, or 30% at most. If your credit utilization is 50%, like in the example above, that would have a negative effect on your credit score. To be fair, credit utilization is a factor you can improve very quickly. Only your most recent credit utilization is important.
Then consider these six basic strategies for rebuilding credit:
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