Best Cash Back Credit Card For Bad Credit
Posted by Credit Monarch on October 26th, 2015
The King Of Cash Back
Due to increasing demand i felt compelled to write an article about credit cards with cash back rewards for people with bad credit. At first it seemed like an easy task, find a few cards that offer cash back and compare between them. Soon it became clear to me why the demand for such an article was so high, there are none since most cards that offer cash back require excellent credit for the most part. So just when i was about to abandon the mission i stumbled upon one card that offered just what i was looking for — cash back rewards bad credit welcome.
As happy as i was, writing an article about a single credit card was not my plan but, nevertheless the people must know.
While some people would go with a secured card or a card that offers low APR or no annual fee I chose to bring you this card. Assuming that your main goal is to reestablish your credit score, there are a few main things that your credit card should offer. Most of these features can be found in most credit cards that aim towards credit score reestablishment. However the Credit One Bank® Cash Back Rewards has an edge. It allows you to build your credit history while enjoying a feature that can be found mostly in credit cards that require good credit and above. And applying for it will not hurt your credit score at all.
Heads UpAlthough this is a great card that can help you get your credit score back on track. There are a few things to consider.
- APR – If things are still tight for you and you might carry your balance then you might want to look around. This card’s APR is a bit on the high side (17.90% – 23.90%) compared to other cards that you can get approved for (even with bad credit)
- Annual Fee – This card require you to pay an annual fee ($35 – $99) not all credit cards for bad credit require an annual fee
- This card report to all major credit bureaus – This is a good thing if you plan on using your card responsibly. However if you use this card the “wrong way” you can find your self with a worse credit score then what you had.
Category: Credit Cards