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This question is about Credit Cards for Bad Credit
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William Memphis, WalletHub Credit Card Advisor
@bill.memp1
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One of the best credit cards for a550 credit scoreis the OpenSky® Plus Secured Visa® Credit Card because it has a $0 annual fee and there’s no credit check when you apply, so approval is almost guaranteed. You just need $300 for a refundable security deposit and enough income to make monthly payments. This card also reports to all threemajor credit bureaus(Equifax, Experian, and TransUnion) every month, which is your ticket to a better credit score.
However, this isn’t the only credit card you can get with a 550 credit score. In fact, there are two kinds of credit cards for people at that credit level:secured credit cardsandunsecured credit cards for bad credit. A 550 credit score is within the bad credit range, which goes from 300 to 639. But picking the right 550 credit score credit card and using it responsibly could help you improve your score.
Some of the best credit cards for a 550 score:
OpenSky® Plus Secured Visa® Credit Card
- Bank of America® Travel Rewards Secured Credit Card
- Capital One Quicksilver Secured Cash Rewards Credit Card
- U.S. Bank Cash+® Visa® Secured Card
- Credit One Bank® Platinum Visa® for Rebuilding Credit
- Business Advantage Unlimited Cash Rewards Secured credit card
You can also check our editors’ complete picks for thebest credit cards for bad creditto see which one best suits your needs.
Before applying for a card, make sure to check out its terms and conditions, or an FAQ page if there is one. This way, you can make sure you fit the criteria for eligibility. You can also trygetting pre-approved for a credit card. It won’t hurt your credit, and it will give you a good idea of your odds if you decide to apply.
This answer was first published on 03/04/22 and it was last updated on 05/20/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
- Bank of America® Travel Rewards Secured Credit Card
- Capital One Quicksilver Secured Cash Rewards Credit Card
- U.S. Bank Cash+® Visa® Secured Card
- Credit One Bank® Platinum Visa® for Rebuilding Credit
- Business Advantage Unlimited Cash Rewards Secured credit card
You can also check our editors’ complete picks for thebest credit cards for bad creditto see which one best suits your needs.
Before applying for a card, make sure to check out its terms and conditions, or an FAQ page if there is one. This way, you can make sure you fit the criteria for eligibility. You can also trygetting pre-approved for a credit card. It won’t hurt your credit, and it will give you a good idea of your odds if you decide to apply.
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2024's Credit Cards for Bad Credit
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No Deposit
Credit One Bank® Platinum Visa® for Rebuilding Credit
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No Credit Check
OpenSky® Plus Secured Visa® Credit Card
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Rewards
Capital One Quicksilver Secured Cash Rewards Credit Card
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Partially Secured
Capital One Platinum Secured Credit Card
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The First Progress Platinum Prestige MasterCard Secured Credit Card is one of the best. They'll approve you at any credit score, there are no application fees, and security deposits start at $200.
This answer was first published on 07/19/18 and it was last updated on 01/07/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
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Savannah Reese, Member
@SavannahBanana
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I had no credit and was able to get a credit card without a secured deposit. It is the QuicksilverOne card by Capital One. It was a life saver for building my credit.
This answer was first published on 03/08/19. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
People also ask
What is the easiest credit card to get with bad credit?
The easiest credit card to get with bad credit (a credit score of 300-639) is a secured credit card with no credit check such as the OpenSky® Secured Visa® Credit Card or the OpenSky® Plus Secured Visa® Credit Card. This type of card requires a deposit but doesn't check your credit history, making it very easy to get. You can get an OpenSky card as long as you have a U.S. mailing address, proof of your identity, and some income.
Easiest Credit Cards to Get with Bad Credit
| Card Name | Best For | Annual Fee |
| OpenSky® Secured Visa® Credit Card | No Credit Check | $35 |
| OpenSky® Plus Secured Visa® Credit Card | ... | $0 |
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What is the minimum credit score for a credit card?
The minimum credit score for most credit cards is 640-700+, but you can get some cards with bad credit or no credit score at all. Some credit card companies won’t even check your credit history when you apply, making it easy to get approved as long as you have enough income to afford the monthly bill payments.
But there is a difference between getting approved for a credit card in general and getting one...
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How can I get a credit card with bad credit?
You can get a credit card with bad credit by applying for a secured credit card or an unsecured credit card for bad credit. Secured cards requires a security deposit but have lenient credit score requirements making them accessible even if you have bad credit.
Some secured credit cards don’t even check an applicant’s credit history, which means there’s no hard pull to hurt your credit score further. Plus, past mistakes won’t prevent you from getting approved. Secured cards also charge much...
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* The information about the following cards has been independently collected by WalletHub: Bank of America® Unlimited Cash Rewards Secured Credit Card, U.S. Bank Cash+® Visa® Secured Card, Business Advantage Unlimited Cash Rewards Secured credit card, Bank of America® Travel Rewards Secured Credit Card, and Bank of America® Customized Cash Rewards Secured Credit Card.
