So we’ve put together a list of the best credit cards with great rewards and no crazy fees for those who are rebuilding their credit.
Capital One Quicksilver
Capital One Quicksilver offers 1.5% cashback, which is better than most cards available to those with excellent credit. The card provides an interesting promo to new cardholders. It doesn’t charge any interest on new purchases that are made with the card until January 2017.
You need to know that Quicksilver does charge a $39 annual fee, but between the 0% intro APR offer and the 1.5% cashback program, you can easily recover that fee and then make and/or save money using the card.
Barclaycard Rewards is an excellent card for those with imperfect credit. It offers a rewards program that is as good as most cards requiring excellent credit. You get 2 points per $1 spent on groceries, utilities, gas, and 1 point per $1 on everything else. In addition to the attractive rewards program, the card helps you with the credit rebuilding process. It gives you free access to your FICO score online, so you can see where you are with your credit score.
It will increase your initial credit line after 5 consecutive on-time payments, and the credit agencies usually look at this favorably. The card does not charge an annual fee.
You can get a quick pre-qualification for Milestone Gold, and it won’t have any impact on your credit score, which is different than the typical card application process. It ‘quietly’ checks your credit suitability so that there will be no impact from the pre-qualification process. Then, if you choose to accept the offer, a full credit inquiry will take place.
Milestone Gold does carry a fee, so make sure you are comfortable paying $35-$99 before you make the actual application.
As you can see, there are credit card options available even to those who don’t have good credit. Do you have any experience with these cards? Tell us in the comments below and be sure to learn about 5 essential rules to managing debt and 5 great online banks.