Best Credit Cards for Bad Credit

Has your card application been rejected? Stop for a moment to think about the reason – is it your poor credit rating or your profile? If that is the case then try the top bad credit cards for rebuilding your credit rating. Find out more about other benefits.

The top Bad Credit Cards can help you to rebuild your credit rating but remember to always pay them off in full so there is no interest! Be especially careful not to apply to too many credit cards at the same time as if you receive a lot of rejection letters in a short period of time then your credit rating will be damaged for years.

In order to avoid being corrected over and over again, it is worth checking out your file first and also to call the lender before applying to find out what customer they are after.

Borrowing new debt on the following cards should be avoided at all costs. However, use them cleverly and they will help you to rebuild your credit rating. How to achieve that? Spend a little every month and pay it off, always stay within the limit and never miss any payments. Moreover, use these cards during 0% periods – usually for six to twelve months.

Aqua Reward

* for those with poor credit history *

Representative APR: 34.9% variable

Required income: N / A

Cashback: 3% on spending

Max cashback / year: £ 100

Restrictions: CCJs may be accepted if over 1 year old

With The Aqua Reward card you can easily rebuild your credit rating. However, you must pay it off in full every month to avoid paying massive 34.9% representative APR! The credit limits are fairly low, at between £ 250 and £ 1,600. If you want to get the cashback paid you must collect at least £ 5 worth of cashback.

Capital One Classic Extra

* for those with an OK credit history *

Representative APR: 34.9% variable

Required income: N / A

Cashback: 0.5% on spending

Max cashback / year: unlimited

Restrictions: CCJs or bankruptcies may be accepted if over 1 year old

The Capital One Classic Extra is another decent card for rebuilding your credit history. However, it is not suitable for any borrowings as it charges an intense 34.9% interests. So it is even more vital to pay it off in full every month! For all, the card pays 0.5% cashback on all spending (50p for every £ 100). On the top of that, accepted cardholders will get £ 5 credited to their account.

Capital One Classic

* even for those with CCJs *

Representative APR: 34.9% variable

Required income: N / A

Restrictions: CCJs or defaults may be accepted, no bankruptcies

The Capital One Classic card can help even those with multiple charges, defaulted on debts or those who had CCJs. The rate is awful 34.9% and therefore you must repay it in full every month to avoid paying interests!

Source by Andrew Burghes

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