Best Credit Cards to Rebuild Your Credit

ReadyForZero handpicked the best credit cards to help you rebuild your credit score.

These credit cards can help you improve your credit if you have no credit history or bad credit. Sometimes they include annual fees and higher than average interest rates but the minimum credit scores required to qualify are much lower (in fact, in some cases there are no minimums to qualify). Consider these cards if you are looking for ways to build or improve your credit. As with other credit card products, be sure to consistently make on-time payments in order to keep a good credit history!

Advertiser Disclosure

A majority of the offers that appear on this website are from companies from which ReadyForZero receives compensation.

Although we try to remain as objective as possible, this compensation can occasionally impact which products and offers we review or where and how they are displayed on these pages. We try to be as comprehensive as possible with our product reviews but we cannot review every product or offer available on the market. Please contact us at support@readyforzero.com if there is a product or offering you think should be reviewed by our personal finance experts.


Highlights to Consider Based On Our Review
  • No credit history or minimum credit score required
  • Full-featured Platinum MasterCard you can use anywhere credit cards are accepted such as car rentals, hotels, and millions of other locations worldwide
  • Reports to all three major credit bureaus on a monthly basis to help you build/rebuild your credit history
  • A secured credit card with your fully-refundable deposit of minimum $300
  • You can pay off your balance and get your deposit back at any time
  • Offers new expedited processing option so you can receive your card more quickly
  • Nationwide Program though not yet available in NY, IA, AR, or WI
  • 24/7 access to your account online

OpenSky® Secured Visa® Credit Card

OpenSky® Secured Visa® Credit Card

Annual Rate: 17.50% variable
Annual Fee: $29

Apply For This Card

Highlights to Consider Based On Our Review
  • Reports to all three major credit bureaus on a monthly basis to help you build/rebuild your credit history
  • A secured credit card with your fully-refundable deposit between $200 and $3,000
  • You don’t have to have a checking account and no credit check is required
  • You may be able to increase your credit line to $5,000 in your first year
  • You can access financial education materials online
Highlights to Consider Based On Our Review
  • A secured Visa credit card to help you rebuild your credit
  • Your security deposit (min $250 / max $10,000) is secured by a fully-refundable FDI insured deposit
  • Reports to all three major credit bureaus to help you get on the fast track to rebuilding your credit score
  • 9.95% on balance transfers for 6 month
  • Has a fixed rate of 17.99%, so no surprises when it comes to your interest rate
  • No application fee or penalty rate
  • You can manage your account online
  • Comes with a How to Rebuild Credit Program to help you kick start your credit restoration journey

USAA Secured Cards® Platinum MasterCard®

USAA Secured Cards® Platinum MasterCard®

Annual Rate: 9.9%-19.9% variable
Annual Fee: $35

Apply For This Card

Highlights to Consider Based On Our Review
  • One of the best secured cards for military members/veterans who have received an Honorable discharge, and their eligible family members
  • Your security deposit of min $250 and max $5,000, in the form of a USAA 2-year Certificate of Deposit (CD) is your credit limit and earns interest at a variable rate
  • Free CreditCheck Monitoring from Experian® for six months
  • Take advantage of a collision damage waiver coverage which pays for physical damage and theft to most rental vehicles
  • Comes with a travel accident insurance which provides coverage for you and your family when you use the card for travel tickets

How These Cards Can Help You Re-build Your Credit

If your credit score is less than perfect, you might have some trouble qualifying for the majority of the cards out there. Fortunately, there are cards specifically designed for people trying to reestablish their credit score.

Although these cards might not have the most favorable terms, it’s a way to prove your creditworthiness to your creditors. Once you have re-established your credit, you can always work your way up to get better rates and terms from your creditors.


The Two Types of Credit Cards To Help You Rebuild Credit

There are generally two types of credit cards that can help you rebuild your credit score: secured and unsecured.


Secured Credit Card

Anyone with any credit score can apply for a secured credit card. In order to apply, the applicant must secure their credit line with an initial deposit of $250-$10,000. The amount you decide to secure it with will be your new credit line.

When you apply for a secured credit card, always make sure that the creditor is reporting to all three major credit bureaus.


Unsecured Credit Card

The unsecured credit card doesn’t require you to put an initial deposit. These cards typically carry a higher interest rate and will generally have a lower credit line. However, most of these cards will allow you to increase your credit line after 5-6 on time payments.


How to Use These Credit Building Cards to Improve Your Credit

The number one factor in determining your credit score is your payment history. Your payment history accounts for 35% of your credit score. It’s important to always make sure you’re paying your bills on time after obtaining a credit card. Set up bill reminders and make sure it’s synced to your calendar and always make sure you’re getting email notifications. You can always ask the creditor to move the pay date that coincides with your pay schedule as well.

The second most important factor is your overall DTI (debt-to-income) ratio. It’s recommended that you keep this number under 30%. So if you’re overall credit line is $1,000 try not to go over $300. Your DTI ratio accounts for 30% of your credit score.

© 2015 Avant RFZ LLCPrivacy Policy  Terms of Use