[{"@context":"http:\/\/schema.org","@type":"Article","publisher":{"@type":"Organization","url":"https:\/\/moneydoneright.com\/","founder":{"@type":"Person","familyName":"Allec","email":"logan.allec@moneydoneright.com","sameAs":["https:\/\/loganallec.com\/","https:\/\/twitter.com\/loganallec","https:\/\/www.facebook.com\/logan.allec","https:\/\/www.instagram.com\/loganallec\/","https:\/\/www.youtube.com\/channel\/UC3Jg7eUCBPsjX13X7kTW1hQ"],"spouse":"https:\/\/moneydoneright.com\/author\/caroline-allec\/","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","image":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2020\/01\/Logan-Allec-Money-Done-Right.jpg","description":"Logan Allec is a practicing Certified Public Accountant, Certified Student Loan Professional, and the founder of personal finance blog Money Done Right.  He provides a second level of review for the site\u2019s more technical articles, particularly those pertaining to taxation, credit, and student loans. He also educates thousands of people every week on The Money Done Right Show.","alumniOf":["http:\/\/www.ucla.edu\/","https:\/\/en.wikipedia.org\/wiki\/Ernst_%26_Young","https:\/\/www.usc.edu\/"],"hasCredential":["https:\/\/cslainstitute.org\/","https:\/\/en.wikipedia.org\/wiki\/Certified_Public_Accountant"],"birthDate":"1988-08-04","gender":"Male","givenName":"Logan","birthPlace":"https:\/\/en.wikipedia.org\/wiki\/Anaheim,_California","jobTitle":"Founder","nationality":"https:\/\/en.wikipedia.org\/wiki\/Americans","worksFor":{"@id":"https:\/\/moneydoneright.com\/#Organization"},"name":"Logan Allec","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/"},"publishingPrinciples":"https:\/\/moneydoneright.com\/methodology\/","sameAs":["https:\/\/twitter.com\/moneydoneright","https:\/\/www.facebook.com\/moneydoneright\/","https:\/\/www.instagram.com\/moneydoneright\/","https:\/\/www.linkedin.com\/company\/money-done-right\/","https:\/\/www.pinterest.com\/moneydoneright\/","https:\/\/www.youtube.com\/c\/MoneyDoneRight"],"email":"support@moneydoneright.com","legalName":"Allec Media LLC","address":{"@type":"PostalAddress","postalCode":"91354","addressRegion":"California","addressLocality":"Valencia","addressCountry":"United States","name":"Money Done Right Address","streetAddress":"23890 Copper Hill Dr Ste 139","@id":"https:\/\/moneydoneright.com\/#PostalAddress"},"additionalType":"Blog","logo":{"@type":"ImageObject","width":"60","height":"488","name":"Money Done Right Logo","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","@id":"https:\/\/moneydoneright.com\/#ImageObject"},"parentOrganization":"https:\/\/moneydoneright.com\/#ParentOrganization","naics":"519130","foundingLocation":"https:\/\/en.wikipedia.org\/wiki\/Santa_Clarita,_California","name":"Money Done Right","@id":"https:\/\/moneydoneright.com\/#Organization"},"author":{"@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/"},"mainEntityOfPage":"https:\/\/moneydoneright.com\/credit-cards-for-bad-credit\/","datePublished":"2020-06-01","description":"This article is about the 5 best credit cards for someone who has bad credit or limited credit.","name":"Credit Cards for Bad Credit Article","image":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Credit-Cards-for-Bad-Credit.jpg","dateModified":"2020-05-13","headline":"5 Best Credit Cards for Bad or Limited Credit June 2020","articleBody":"Many people with poor credit believe that they cannot qualify for a credit card.  And while it\u2019s true that there are some top cash back and travel cards that will be out-of-reach for people with bad or limited credit, there are some cards that welcome those with a less-than-stellar score.  There are also people with bad credit who believe that they shouldn\u2019t get a credit card.  This is unfortunate because there are actually significant benefits to responsible credit card use, especially for those who have poor or limited credit.  Before we discuss our list of the five best credit cards for bad or limited credit, we will go over the benefits of getting a credit card when you have bad or limited credit as well as the types of credit cards \u2014 secured and unsecured \u2014 available to people with bad or limited credit.  3 Benefits of Getting a Credit Card When You Have Bad Credit Look, many people get themselves in trouble with credit cards.  This is why many financial \u201cgurus\u201d tell you to avoid credit cards at all costs.  But the reality is that credit scores are just a tool.  When they are used poorly and irresponsibly, they can mess you up financially.  However, when used correctly and responsibly, they can benefit your financial life tremendously.  Here are three benefits of getting a credit card when you have bad credit.  1. Credit Score Boost Credit cards are one of the quickest ways to establish or boost a credit score.  If you make sure to use your card on a regular basis and pay it off every month, you will be on your way to a higher credit score.  2. Rewards Credit cards can be an incredibly way to rewards with every purchase.  While rewards aren\u2019t available on most credit cards that are accessible to people with bad credit, there is an exception: the Capital One\u00ae QuicksilverOne\u00ae Cash Rewards Credit Card gives you 1.5% cash back on all purchases.  Also, after you\u2019ve used a card on this list for a while and have built your credit score, you may be eligible for a premium travel card so you can travel for free!  3. Fraud Protection If you pay for something with cash or a debit card, and the transaction turns out to be fraudulent, it can be quite difficult to get your money back.  However, with a credit card \u2014 because no cash has actually changed hands at the time of purchase \u2014 you have much more power to contest fraudulent transactions.  In fact, if you suspect fraud on your card, then in most cases the situation can be remedied in a few minutes with a phone call to your credit card company.  Secured vs. Unsecured Cards There are two options when it comes to credit cards available to people with bad or limited credit: secured cards and unsecured cards.  1. Secured Cards By extending credit to someone with poor or limited credit, banks are taking a risk.  Your credit score would indicate that you may not have been the best when it comes to paying off your obligations in the past.  So to make up for this risk, banks require \u2014 on certain cards \u2014 that you put up a deposit before you are extended credit.  This will protect the bank in case you do not pay off your bill.  These are the secured cards featured on our list below:  Capital One\u00ae Secured Mastercard\u00ae OpenSky Secured Visa 2. Unsecured Cards Unsecured cards do not have a deposit requirement.  Most credit cards are unsecured cards.  However, although you don\u2019t have to put up a deposit with these kinds of cards, it\u2019s generally more difficult to be approved for an unsecured card than it is for a secured card.  These are the unsecured cards featured on our list below:  Capital One\u00ae QuicksilverOne\u00ae Cash Rewards Credit Card Capital One\u00ae Platinum Credit Card Upgrade Card 5 Best Credit Cards for Bad or Limited Credit Capital One Secured Mastercard Capital One Secured Mastercard Learn More Capital One\u00ae Secured Mastercard\u00ae: Best Overall Basics: The Capital One Secured Mastercard gives you an initial $200 credit line when you make your required $49, $99, or $200 refundable minimum security deposit. Make your first five payments on time, and you will be eligible for a higher credit limit. Pros: The initial minimum security deposits aren't huge, and you're eligible for more credit after only five months of responsible use. Also, Capital One reports to all three credit bureaus, so responsibly using this card is an important step toward increasing your credit score. Cons: The card is secured, which means that you have to put up an initial security deposit. TYPE OF CARD Secured  ANNUAL FEE $0  CREDIT SCORE Bad, Limited  OpenSky Secured Visa opensky secured visa Learn More OpenSky Secured Visa: Best with No Credit Check Basics: The OpenSky Secured Visa Credit Card gives you an initial credit line equal to the security deposit you make on the card. Pros: There is no credit check to apply. Also, OpenSky reports to all three credit bureaus, so responsibly using this card is an important step toward increasing your credit score. Cons: The card is secured, which means that you have to put up an initial security deposit. And unlike the Capital One Secured Mastercard, which can potentially give you a $200 credit line with only a $49 deposit, the OpenSky Secured Visa will only give you a credit limit equal to your deposit. TYPE OF CARD Secured  ANNUAL FEE $35  CREDIT SCORE Any (No Credit Check)  Capital One QuicksilverOne Capital One Quicksilver One Learn More Capital One\u00ae QuicksilverOne\u00ae Cash Rewards Credit Card: Best for Cash Back READ REVIEW Basics: This card gives those with less-than-perfect credit the opportunity to earn unlimited 1.5% cash back on all purchases with a low $39 annual fee. Pros: Unlike other cards on this list, this one gives you rewards in the form of 1.5% cash back. So if you spend $6,000 annually on this card, you will earn $90 cash back. Netted with the annual fee of $39, you will end up with $51 back in your pocket. Make sure you are able to put at least $2,600 on this card annually or you will earn less cash back than the annual fee. Cons: It may be more difficult to be approved for this card than for the Capital One Secured Mastercard or the OpenSky Secured Visa. Also, unlike the other cards on this list, this card has an annual fee. TYPE OF CARD Unsecured  ANNUAL FEE $39  CREDIT SCORE Average, Fair, Limited  Capital One Platinum Card Capital One Secured Mastercard Learn More Capital One\u00ae Platinum Credit Card: Best Unsecured with No Annual Fee Basics: The Capital One Platinum Card allows those with limited credit to access a credit line without putting up a security deposit and without paying an annual fee. Pros: You get access to a higher credit line \u2014 again, without putting up a deposit \u2014 after five months of responsible use. Also, Capital One reports to all three credit bureaus, so responsibly using this card is an important step toward increasing your credit score. Cons: It may be more difficult to be approved for this card than for the Capital One Secured Mastercard or the OpenSky Secured Visa. Also, unlike the other cards on this list, this card has an annual fee. TYPE OF CARD Unsecured  ANNUAL FEE $0  CREDIT SCORE Average, Fair, Limited  Upgrade Card upgrade card visa Learn More Upgrade Card: Best Unsecured with No Annual Fee Basics: The Upgrade Card is unique in that it is more personal loan than traditional credit card, offering lines from $500 to $20,000. Pros: Because the Upgrade Card is essentially a personal loan, you have fixed terms and rates for a more predictable payback plan. Cons: You can't make online payments, and it may be more difficult to be approved for the Upgrade Card than for the Capital One Secured Mastercard or the OpenSky Secured Visa. TYPE OF CARD Personal Loan  ANNUAL FEE $0  CREDIT SCORE Fair","@id":"https:\/\/moneydoneright.com\/credit-cards-for-bad-credit\/#Article"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Passive Income","item":"https:\/\/moneydoneright.com\/passive-income\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Cash Back And Rewards","item":"https:\/\/moneydoneright.com\/passive-income\/\/cash-back-and-rewards\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"Credit Cards","item":"https:\/\/moneydoneright.com\/passive-income\/\/cash-back-and-rewards\/\/credit-cards\/#breadcrumbitem"},{"@type":"ListItem","position":4,"name":"5 Best Credit Cards for Bad or Limited Credit November 2025","item":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/credit-cards\/credit-cards-for-bad-credit\/#breadcrumbitem"}]}]