If you have poor credit and are looking for a credit card with low interest rates, you may find that there are several options available. Although you might need a credit card that has a large limit for purchases, you can also make cash withdrawals with some credit cards. However, these cash withdrawals are subject to different rates and fees than purchases, so it's best to shop around before signing any documents.
Capital One Quicksilver Secured Credit Card Rewards
Capital One Quicksilver Cash Rewards Credit card may be right for you if you have bad credit. The card's ongoing APR is quite high but it is easy to apply online. It reports to all three credit agencies.
Capital One Quicksilver Secured card offers a soft credit screening, unlike many other credit cards that require hard credit checks. This means that if you have poor or no credit, it will only impact your score temporarily. You can build credit and earn rewards at select merchants with this card.
Capital One Quicksilver Business Credit Card
Capital One can offer you a secured card if your credit is not good. Capital One offers soft credit checks, and there is no annual fee. You should know that this card can temporarily affect your credit score. You should still take advantage the no-fee preapproval process.
Capital One Quicksilver Secured Money Rewards Credit Card requires that you deposit $200. A higher deposit can allow you to get a greater credit limit. After six consecutive months of paying on time, the company will automatically increase credit limits.
Wells Fargo Business Secured Credit Card
The Wells Fargo Business Secured Credit Card makes a great choice for anyone with poor credit history. The card requires a nonrefundable deposit and has lower purchase APRs that the average credit card. It reports to several credit bureaus. This credit card does not come with a sign-up bonus, or any other rewards.
A business secured card requires a cash deposit. This is to establish the account's credit limit. The bank can keep the deposit and report positive activity to credit bureaus if the account holder defaults. In certain cases, an upgrade to a regular unsecured credit card for business can be made.
Credit One Quicksilver Secured Credit Card
Capital One offers Quicksilver Secured Card to people with bad credit. This card has a $200 deposit requirement and gives you a credit line up to that amount. This card offers the possibility to earn back the deposit through statement credits.
You can earn 1.5% cash back on all of your purchases with this card. This card offers a reward system similar to non-secured rewards. You can upgrade your credit card after six months and there is no annual fee.