The Best Credit Cards for Poor Credit of 2013

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Obtaining a credit card when you have poor credit can be quite the challenge.  Often times, credit card issuers want nothing to do with your 600 FICO score because you’re seen as a risk.  Fortunately, if you look hard enough, there are a few unsecured credit cards tailored to consumers on the lower end of the FICO score ladder.

However, while you may be able to obtain unsecured credit, it will come at a price.  To compensate for the risk involved, card issuers generally charge high interest rates as well as mandatory annual fees.  Please find our favorite credit cards for individuals with poor credit below.  If you own a card with a low interest rate and low fees that hasn’t made our list, please let us know and we’ll gladly add it.

Capital One® Secured MasterCard®
	Get the credit you need with no application or processing fees Automatic reporting to the 3 major credit bureaus Track credit with access to your credit score and other tools Your refundable security deposit can get you a line up to $3,000 You may qualify for credit line increases with no further security deposit required Use it like any MasterCard credit card, accepted at millions of locations worldwide
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfer Credit Needed N/A N/A 22.90% (Variable) $29 N/A Bad Credit

First Progress Platinum Elite MasterCard® Secured Credit Card
	Nationwide Program - though not yet available in NY, IA, AR, or WI Credit Line Secured by Your Fully-Refundable Deposit of $300 -- $2,000 Submitted with Application Just Pay Off Your Balance and Get Your Deposit Back at Any Time Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History Good for Car Rental, Hotels; Anywhere Credit Cards are Accepted! No Credit History or Minimum Credit Score Required for Approval 24/7 Access to Your Account Online
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfer Credit Needed N/A N/A 19.99% (Variable) $29 N/A Bad Credit

Applied Bank® Secured Visa® Gold Credit Card
	Better Than Prepaid...Go with Secured Card Get a Credit Line That is Reported To The Major Credit Bureaus Load One Time - Keep On Using...No Need For Any Additional Deposits Activate Today with a $200 Minimum Deposit - Maximum $5,000
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfer Credit Needed N/A N/A 9.99% (Fixed) $50 N/A Bad Credit

UPside Visa® Prepaid Card
	Similar to a checking account with a Visa prepaid card Save up to $220 compared with other cards, the first year alone 100% approval with no credit check and no activation fee $0.99 monthly fee if $500 is loaded each month. (Only $4.95 otherwise) Free Direct Deposit from employers or deposit cash at 50,000 retailers Write personal checks online: easy to pay rent or other bills Earn 1,500 cash back reward points for you first direct deposit load Optional companion card available, as if you had a joint checking
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfer Credit Needed N/A N/A N/A up to $4.95 monthly fee N/A No Credit Check

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Rob Berger

Rob founded the Dough Roller in 2007. A litigation attorney in the securities industry, he lives in Northern Virginia with his wife, their two teenagers, and the family mascot, a shih tzu named Sophie.

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