Been accumulating bad credit over the past few years?
You’re not alone. It’s getting harder and harder for new grads to find employment out of school. It’s tough out there if you’re not immediately certain what you should be doing with your life, and if you’re fortunate enough to figure that out, then it’s just as hard to find a job you like.
This ends up in more young people resorting to paying rent with their credit cards and deferring student loan payments. Unfortunately, this can put you in a pretty big financial hole, and repairing damaged credit isn’t easy.
Once you’re back on your feet, it’s important to use and pay off a credit card to get your credit score to a respectable number.
Here are 4 easy credit cards to get if you’ve got bad credit.
Capital One Secured Mastercard
This card is perfect for someone trying to build their credit with responsible use. You start with a $200 limit, then after making your first five payments, you’re eligible for a credit increase.
With regular reporting to all three major credit bureaus, the Capital One Secured Mastercard is a great option to get you back on track.
Indigo Platinum Mastercard
With the Indigo Platinum Mastercard, you are eligible for pre-qualification with no impact on your credit score, so you can see if you are likely to be approved without submitting an application. They are also understanding of prior bankruptcies.
There is an easy application process and you find out if you’re approved quickly. This card was built for people with bad credit to repair their credit scores, and as one of the best unsecured cards for bad credit, it should be useful.
First Progress Platinum Elite Mastercard
With the First Progress Mastercard, you can expedite your processing to receive your card quickly. No credit or minimum credit scores are required for approval.
This card is great for car rentals and hotels and reports to all three credit bureaus every month to help your score improve quickly.
Credit One Bank Platinum Visa
The Credit One Bank platinum visa allows you to check for pre-qualification in less than 60 seconds.
Once you’re approved, there are loads of perks. $0 fraud liability, 1% cashback rewards on eligible purchases, automatic credit reviews for more opportunity to increase credit, and the option to choose your monthly payment date gives you flexibility.
In addition, you’ll have free access to your Experian credit score online to keep track of your credit rebuild.
Start With Easy Credit Cards to Get…
And go from there. These are great options to get your credit back in good standing. Once you’re back in business, start taking a look at higher limit credit cards and think about applying for those to get your credit in good standing. It’s nice to have the luxury and security of a high credit limit.
For more advice on easy credit cards to get, loan advice, and the best credit cards for you, visit our blog.