The Best Credit Cards to Rebuild Credit

Building a solid credit score is so crucial these days, as credit cards, auto loans, getting a new cell phone, renting an apartment, obtaining insurance, or even applying for some jobs can depend on a serviceable credit score. Of course, we all know what factors go into building a great score, including making payments on time, having a good mix of credit and loans, and keeping your balances low.

While that knowledge is powerful, it can still be difficult for some people just to get started if they can’t obtain a new credit card, at all. For instance, there are tens of millions of students and young people who have no or very limited credit history and just need a card to start building their history and score. There are also a large number of “Credit Invisible” people in the U.S. that have no report or incomplete credit files, and many more have been through a bankruptcy, foreclosure, or missed payments that went to collections, sinking their scores.

Don’t dismay – there’s a perfect credit card for everyone out there, and secured credit cards are often the best way to get started and build your credit. Here are five cards that will do just that for you!

Of course, you should shop around, do your research and ask questions to confirm this information, find out what other credit options are available, and make sure it presents the best deal for you.

Good luck – and now you can get started building your credit!

1. Credit Builder Card

The absolute best card we’ve found for improving credit scores is the Credit Builder Card, which is a secured account issued by rock-solid Mastercard. If you are wondering how to find a 500 credit score credit card or a credit card for even lower credit scores, look not further. That gives you the freedom to make purchases with your card everywhere MasterCard is accepted. You can apply in minutes with NO minimum credit score requirement. It only takes a $200 deposit and then you’ll get your new card in two weeks or less and can start using it

Receive your secured credit card in as little as 2 weeks and quickly start building your credit score!

Click here to find out more or apply.

2. OpenSky Secured Visa Credit Card
Visa’s OpenSky Visa is a secured credit card, which means that you have little of the pressure, waiting, and hoping that you’ll get approved. You don’t even need a credit check! You can also start your secured credit account with as little as $200 (or as much as you’d like), and OpenSky does report to all three major credit bureaus, helping you improve your score.

While it doesn’t offer the bells and whistles of Discover with rewards, cash back, or airline miles, it does offer a lower APR and a modest annual fee.

Annual fee: $35
Balance Transfer Intro APR: n/a
Regular APR: 18.89% variable

3. Capital One Secured Mastercard
I love this card for consumers trying to get back on track with their credit, as it offers some of the features and benefits of both a traditional credit card and a secured card. They do conduct a credit check and based on that result, you’ll be asked to put down either $49, $99, or $200 initially (based on how good your score is) to gain a $200 starting credit limit.

They also report to the three credit bureaus so it will help start building your credit history from day one! And if you make your first five monthly payments on time with no issues, you’ll automatically receive a credit line increase – with no additional deposit needed.

The drawback? The interest rate is one of the highest you’ll see on this list.

Annual fee: $0
Balance Transfer Intro APR: n/a
Regular APR: 24.99%

4. Discover it Secured
Discover is a great company that has plenty of products focusing on young people, those who need a second chance, and those with marginal or incomplete credit. Discover’s it Secured card is one of the best you can find to start building great.

One of the reasons is that they offer cash back rewards for every purchase, including 2% cash back at restaurants and gas stations, and an automatic 1% cash back on all purchases. You can use that benefit for up to $1,000 in total purchases per quarter.

Annual fee: $0
Balance Transfer Intro APR: 10.99% for six months
Regular APR: 24.49% variable

5. First Progress Platinum Prestige Mastercard Secured Credit Card
While that long name doesn’t exactly roll off the tongue, don’t let it hold you back from using it! That’s because it has an excellent 9.99% variable interest rate. They also guarantee to issue credit to anyone no matter how low their credit score is (assuming they have a score, however).

You just submit your deposit of $200 all the way up to $2,000 with the application, but it’s fully refundable if you cancel the card or close down the account. You can even fund this First Progress card with your tax refund!

While you may be ready to get started, you should know that there is a $49 annual fee and this card isn’t available for consumers in New York, Idaho, Arizona, or Wisconsin just yet.

Annual fee: $49
Balance Transfer Intro APR: n/a
Regular APR: 9.99%

6. UNITY Visa Secured Credit Card
Annual fee: $39
Balance Transfer Intro APR: 9.95% for 6 months
Regular APR: 17.99% Fixed

The other credit card companies and banks on this list may be better known, but this UNITY Visa secured card has some terrific advantageous that can really help students, those with incomplete credit, or just people trying to rebuild their credit history. First, while the 17.99% APR may not be the lowest we’ve covered today, the rate is fixed – a huge advantage for stability and peace of mind that your interest rate won’t jump. And if you’re transferring other balances to this card as you get rolling, they offer a very favorable 9.95% APR on those transfer balances (for the first six months.)

The annual fee is a modest $39, and they do report to the three credit bureaus. One of the other highlights is that they guarantee your application will only take 5 minutes over the phone!

With these six great, secured, traditional, and hybrid credit cards, just about anyone can obtain a new positive tradeline on their credit report, ensuring that their score climbs higher as they make payments on time.