There may be many credit cards available for people with bad credit. Some credit cards allow cash withdrawals, while others require you to have a high credit limit. However, these cash withdrawals are subject to different rates and fees than purchases, so it's best to shop around before signing any documents.
Capital One Quicksilver Secured Reward Credit Card
Capital One Quicksilver Cash Rewards Credit card may be right for you if you have bad credit. The APR for the card is very high, but you can still apply online. This card reports to all three credit reporting agencies.
Capital One Quicksilver Secured cards do not require hard credit checks. This means that you won't lose your credit score if you have bad or no credit. However, this card can help you to build your credit and start earning rewards from some merchants.
Capital One Quicksilver Secured Small Business Credit Card
Capital One might be able to offer a secured credit card for people with bad credit. Capital One offers soft credit checks, and there is no annual fee. This card may have a temporary impact on your credit score. However, the pre-approval process for this card is free.
Capital One Quicksilver Secured Money Rewards Credit Card requires that you deposit $200. A higher deposit can allow you to get a greater credit limit. Then, after six months of on-time payments, the company will automatically consider increasing the credit limit.
Wells Fargo Business Secured Credit Card
The Wells Fargo Business Secured Credit Card offers a great alternative for those with bad or poor credit histories. It requires a refundable deposit, and has lower purchase interest rates than other credit cards. It also reports to multiple credit bureaus. This credit card does not come with a sign-up bonus, or any other rewards.
A business secured card requires a cash deposit. This is to establish the account's credit limit. If the account holder defaults, the bank will keep the deposit but report any positive activity to the credit agencies. In certain situations, the account holder might be eligible for a regular unsecured small business credit card.
Secured Credit Card Credit One Quicksilver Credit Card
Capital One offers the Quicksilver secured credit card to those with bad credit ratings. This card requires you to deposit $200 and provides a credit line of up 200 dollars. The card can earn you back your deposit via statement credits.
This card earns you 1.5% cash back for every purchase. This rewards system is comparable to non-secured reward cards. This card has no annual fee, and you can upgrade your credit line after six months.