Having a bad credit history to your name can signify a roadblock to almost all aspects of a good financial life. The only way you can raise above this problem is by applying for the right credit card and using it wisely to improve your credit score. However, not all the banks and financial institutions are willing to offer such consumers a credit card. Here are a few banks that do make an exception and are willing to offer customers with bad credit history a chance to improve their scores.
The Classic Credit Card from the First Premier Bank is one of the credit cards that consumers with poor credit history can sign up for. Though you will have to pay an upfront deposit of $95 to avail a credit limit of $300, it is worth paying up for since you can improve your credit score by making regular payments. The security deposit will be refunded in full if card holders close their account after clearing all the outstanding balance. Customers applying for this card need to have a checking account in their name to qualify.
The Classic MasterCard from Orchard Bank is another credit card for people with bad credit history. All transactions made on these cards are reported on a monthly basis to the three major credit bureaus in the country that can help you improve your credit score sooner. Card holders will also have the email and SMS feature to get real time info about the transactions that can prevent credit card fraud.
