The Best Credit Cards for Poor Credit of 2018

Have a low credit score but need a credit card? Here’s a list of credit cards to check out.

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.  You’ll find several 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.

Discover it® Secured Credit Card - No Annual Fee*

Discover it<sup>®</sup> Secured Credit Card - No Annual Fee*

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  • No annual fee. No late fee on your first late payment.
  • No increase to your APR for paying late.*
  • Earn 2% cash back at restaurants & gas stations on up to $1,000 in combined purchases each quarter. Earn 1% cash back on all other purchases.
  • Discover doubles all the cash back you've earned at the end of your first year. New cardmembers only.*
  • Your credit line will equal your security deposit amount of $200 or more.*
  • Monthly reviews start at 12 months to see if you qualify to get your security deposit back while you continue to enjoy your card benefits.*
  • Reports to 3 major credit bureaus so you can build or rebuild credit with responsible use.*
  • See your FICO® Credit Score for free on monthly statements & online.*

Topics: Credit Cards

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15 Responses to “The Best Credit Cards for Poor Credit of 2018”

  1. Avery Lopey

    I do not even understand how I ended up right here, however I assumed this put up was once good. I don’t realize who you might be however certainly you are going to a famous blogger when you aren’t already 😉 Cheers!

  2. Doug Younker

    Now I found another layer to consider. Health care costs wrecked me. I need a card for online purchases of what local retailers don’t carry in my rural location. For the moment a prepaid debit card is route I’ll take. In time I’ll get a secured card to build my credit rating back up. $2-$5 monthly fee isn’t that expensive, when there should never be no interest to pay, if I pay myself back on time every month.

    • Doug Younker

      Yes I understand I should have used the bad credit secured credit card. Higher interests rates that regular secured credits cards, interestingly similar monthly fees.

  3. Just an FYI, I was trying to use the valuable info you give on this page but the link to the
    Applied Bank® Secured Visa® Gold Credit Card, no longer works. Instead of taking me to an official looking site where I can apply for the card it took me to credit, another helpful site where you can search by specific credit score ranges and by brand such as visa or MasterCard plus some others and includes many more search refinements that are very helpful but the card I was looking for from your list above wasn’t there and as you suggested it as one of the best credit building cards I really wanted to apply for that one specifically. Anyway just an fyi

  4. Qualifying for a credit card can be tough if you have a poor credit record, but a secured credit card may be one way you can obtain one. It’s also the best way to build or rebuild credit. Unfortunately, a lot of people don’t understand how a secured card works.

  5. Hello,

    Which is the best card that doesn’t involve a security deposit? Do any of these NOT require a security deposit? The annual fee – is that automatically charged? My husband has credit score in the 400s.

    • Rob Berger

      All of the secured cards require a security deposit. That’s why the credit card company is willing to extend credit to those with low credit scores. The Credit One cards above, however, are not secured cards so they don’t require a security deposit.

  6. Anonymous

    After reading your responses to comments, I am confused. Do the secure cards listed in this article help build credit or not? Thank you and you are doing a first class job of managing this blog.

  7. Can I really repair my credit history/score by paying off what is on my credit report? I’ve heard different sides of info/opinions but I’m confused. My score is in the high 400s?

    • Rob Berger

      Jenn, one key factor in your score is called credit utilization. We talk about it in an interview with FICO’s Tom Quinn–

  8. Sonja Buntman

    Hi Rob,
    One of the factors in rebuilding credit is indeed credit utilization but if in someones credit report lies accounts unpaid yet soon to fall off their report due to age it may be best to just wait a little longer.
    Since charge offs and such only last 7 years paying on the older credit accounts will bring them back up to the top of the report along with all the ugly that caused the scores to fall in the first place. Starting the cycle for another 7 years from the date they are paid upon lets new creditors still judge you from the past.
    Others have told me if the accts causing the damage are going to fall off within 1-3 years, depending on personal preferance to how long you can wait then just to let them fall off. If needed open a secured credit card with the money you have to begin building a positive rating on your report, most companies with move you to an unsecured account after a year, returning your deposit plus increases soon following.

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