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Credit Cards for Any Credit Situation

Date: 2/1/2017

Author: Financial Hotline


BankAmericard Travel Rewards
Get 20,000 online bonus points after you make at least $1,000 in purchases in the first 90 days - which can be redeemed for a $200 statement credit toward travel purchases with no annual fee and no foreign transaction fees. 0% on Purchases for 12 billing cycles.

Chase Freedom
Earn a $150 sign up bonus after you spend $500 on purchases in your first 3 months from account opening plus earn 5% CASH BACK on up to $1,500 in combined purchases in bonus categories each quarter you activate and 1% on all other purchases. No annual fee plus 0% on Purchases and Balance Transfers for 15 months.

Discover It Cash
0% on Purchases for 6 months and 0% on Balance Transfers for 18 months, up to 5% cash back rewards plus get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.

Offers 0% on Balance Transfers for 18 billing cycles for balance transfers made in the first 60 days plus as low as 11.49 ongoing APR.

Chase Slate
Most cards charge a transfer fee for balance transfer (as much as 3%) but Chase Slate has a $0 introductory balance transfer fee, 0% introductory APR for 15 months on purchases and balance transfers, and $0 annual fee.


Both Secured and Unsecured (regular) credit cards report to the credit bureaus, so they can contribute to your efforts to build your credit; Prepaid debit cards do not help your score. Secured cards require you to make an initial deposit with the issuer. The biggest building block for your credit score is having credit and using it responsibly. Once you get a card – make sure you use it at least a little each month. Then make on-time payments with and keep your account balances relatively low.

Capital One Secured Master
Typically, a secured card requires you to make a deposit equal to your credit line. However, with the Capital One Secured Master Card, you can get a credit limit of $200 for a deposit of $49, $99 or $200, depending on the state of your credit. If you make your first five payments on time, you may be eligible for a higher credit line without depositing additional money. There is no annual fee but you do need to have a bank account to qualify.

OpenSky® Secured Visa®
Doesn’t require a credit check and you don’t need a bank account. (you will still need to meet income requirements) The downside is there is an annual fee of $35 and they don’t offer an upgrade to an unsecured card.

Discover It® Secured Card
Has no annual fee and it offers cash back rewards. If you handle your account responsibly for seven months, you may be eligible for an upgrade to an unsecured card. However, you do have to fund your account fully from your own bank account.


Capital One Platinum
There is no annual fee and you can get access to a higher credit line after making your first 5 monthly payments on time.

Discover It Chrome for Students
This card is a favorite for students just establishing credit. You pay no annual fee and get cash back rewards. In addition, you get $20 cash back each school year your GPA is 3.0 or higher for up to the next 5 years. Parents also like no penalty for the first late payment.

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