Best Credit Cards for Bad Credit in 2024!

Best Credit Cards for Bad Credit in 2024!

Your credit score can have a big impact on your financial future. It ultimately determines whether you can get a mortgage, loan, credit card or any other credit product, and what interest rate you’ll pay. If your credit score isn’t high enough, the big credit companies may turn you down, but there are other options, such as credit builder cards, that can help. If used properly and you make your monthly repayments on time, these cards can help you improve your credit score over time.

Best Credit Cards for Bad Credit in the UK

1.Vanquis Bank Chrome Credit Card

You should aim to pay off your card balance every month, but if you can’t, the Vanquis card offers you a good credit builder card rate.

This card has no annual fee, and you can enjoy up to 56 days of 0% interest on purchases when you pay your balance in full on two or more consecutive monthly statements.

2.Tesco Bank Foundation Credit Card

With Tesco’s card, you can earn Clubcard points almost everywhere, including Tesco, while improving your credit score. You’ll be able to track your credit score with monthly updates.

3.Capital One Classic Credit Card

If you already have a credit score and want to improve it, this card is perfect for you. However, if you have declared bankruptcy in the past 12 months or have no credit history, your application will be rejected.

4.Barclaycard Forward Card

If you want to have a good credit score, this card is a smart choice, offering a personal line of credit based on the amount you can afford. You can also easily manage your account with convenient alerts via text or email

5.Post Office Money Classic Credit Card

The Post Office card is valid anywhere Mastercard is accepted worldwide and offers low interest rates, making it perfect for people with poor credit ratings or no credit history. You can also use this card for balance transfers

Best credit cards for people with poor credit scores

When putting together a list of the best credit cards for people with a bad credit history, we considered some of the following factors:

APR: While most credit cards have high APRs (up to 60%), we looked at cards with lower APRs

Features: Some cards have benefits like earning rewards, and some make it easier for you to spend safely abroad

Customer service: It’s important to be able to easily contact the credit card provider if any issues arise

Eligibility: We can’t guarantee that every credit card you apply for will be accepted, but we found some options for people with a bad credit history

Credit limits: Credit builder cards typically offer lower limits, but limits will vary from card provider to card provider

The right card can make a difference

In the UK, whether you have a poor or normal credit score, choosing the right credit card can make a big difference in your financial journey. Look for credit cards that report to the UK’s major credit bureaus so that your responsible financial habits are reflected in your credit score. Also, choose a credit card with low fees and competitive interest rates to minimize costs while you work to improve your credit.