If you’re in the market for a new credit card that can help you rebuild your credit then you’re in the right spot as we will review 3 cards here now.
Capital One® Secured MasterCard®
- This offering from Capital one starts off good with out any application fee or processing fee.
- This card includes automatic monthly reporting to the major credit bureaus.
- Credit lines range from $200 to $3000 after a security deposit as low as $49.
- You may qualify for a credit line increase without more security deposits.
- They offer a standard 22.9% variable interest rate and a $29 annual fee.
First PREMIER® Bank MasterCard® Credit Card
- All applicants for this card require a checking account.
- After approval you fund a $95 security deposit for a $300 credit limit.
- The interest rate on this card is an incredible 49.9%!
- If you pay the balance of any purchases within 27 days you won’t pay interest on the amount.
- There is an annual fee of $75 the first year and $45 for each subsequent year.
Orchard Bank Classic MasterCards
- Orchard Bank has both unsecured and unsecured cards.
- To help build credit this card reports monthly to the 3 major credit bureaus.
- You’ll pay an annual fee of $19-$59 the first year then $59 per year.
- Interest rates range from 14.9 to 19.9% for unsecured cards and 7.9% for secured cards.
- Variable APRs will vary with the market based on the Prime Rate.
Conclusion:
You won’t find any high limit credit cards here but there are some choices to help get you back on track.