Best 2023 Credit Cards For People With Bad Credit

Having and using a credit card in today’s world is virtually a necessity. This is especially true due to the fact that much of the economy is based online. Whether it is buying something, paying your utility bill or buying a plane ticket – you need a credit card to do these things online.

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However, for people with bad credit scores and history, this is a problem. Most credit cards available require their card holders to have good or even excellent credit. This usually means having a credit score of above 580. So, while people with problematic credit finds themselves shutout from these cards, there are some credit cards that will accept people with bad credit.

The majority of these cards are called secured cards, because they require you to pay a security deposit to get the card. While some people consider this unacceptable, these secured cards will get you “back in the game” and with responsible use, rebuild your credit and increase your credit score. Some even come with perks like cash back rewards. Then there are a few of these cards for poor credit that are the traditional unsecured credit card, meaning there is no security deposit and come with a true credit line. However, these cards usually have a low credit line and high interest rates to start.

The following list of the best credit cards for people with poor credit for 2023 include both types of these cards.


Credit One Bank Platinum Visa

Earning rewards on everyday spending on an unsecured card is a nice and unusual perk for a card aimed at those with poor credit. Credit One also says they’ll review your account regularly to see if you qualify for a credit line increase. Plus, it is an unsecured card that requires no deposit while helping improve your credit. Another good feature is you can apply with a soft credit check to see if you pre-qualify – which will not affect your credit score.

– Fee: $8.25 per month
– Interest: 24% per year variable
– Earn 1% cash back rewards on eligible gas, grocery purchases and others
– Automatic reviews for credit line increase opportunities
– With $0 Fraud Liability, you won’t be responsible for unauthorized charges

Petal 1 “No Annual Fee” Visa Credit Card

This is a very special card that is unsecured meaning no security deposit is required, plus there is no monthly or annual fees. Another special feature is that they will often accept people with no or little credit history as well. They also allow a soft credit check to see if you are pre-qualified.

– Fee: None
– Interest: 22.99% – 32.49% (Variable) per year
– Initial Credit Limit: $300 – $5,000
– Earn a credit limit increase in as little as 6 months
– Petal reports to all 3 major credit bureaus, allowing you to improve your credit score

OpenSky Secured Visa Credit Card

This card stands out from the rest because it doesn’t require a credit check or even a bank account to be approved. This can be especially helpful for people with bankruptcies and back taxes, as many other secured credit cards won’t approve you for these reasons. It’s even possible to get approved for this card if you don’t have a credit score at all. However, you’ll have to come up with a minimum of $200 for the security deposit.

– Annual Fee: $35
– Interest: 20.39% variable annual
– Up to $200 unsecured credit line added in your first year
– No credit check to apply and find out instantly if you are approved.
– Reports to all 3 major credit bureaus monthly, unlike a prepaid or debit card

Discover it Secured Credit Card

Although it is not a Visa or MasterCard, this Discover card is a great deal for those with poor credit. It offers an unlimited 1% cash back rewards rate on all purchases, plus 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, no penalty APR and no annual fee. Plus their Cashback Match doubles your cash back rewards earnings at the end of the first year.

– Fee: None
– Interest: 25.99% Variable per year
– Your credit line equals your refundable security deposit of at least $200
– Ability to transition to an unsecured line of credit and return your deposit
– No minimum credit score required to apply

Bank of America Customized Cash Rewards Secured Visa Card

In addition to being available to people with poor credit, this card offers a great cash back rewards program. Each calendar month, you can change which one of the six spending areas you want as your enhanced cash-back earning category. Earn up to 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores or home improvement and furnishings. Plus, they do not charge an annual fee.

– Fee: None
– Interest: 26.99% variable per year
– A minimum refundable security deposit of $300 (maximum of $4,900) is required
– Potential for an upgrade to an unsecured card and refund of your security deposit
– Can link with using Apple Pay or Google Pay

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