Secured Credit Cards
Secured credit cards are a popular option for individuals with bad credit. These cards require a security deposit, typically equal to the credit limit, which serves as collateral for the card issuer.
Prepaid Cards
Prepaid cards are an alternative to traditional credit cards and do not require a credit check. Users can load funds onto the card and use it for purchases up to the available balance.
Retail Store Credit Cards
Retail store credit cards are often easier to obtain than traditional credit cards. Many retail stores offer credit cards with lower credit requirements and sometimes no deposit.
Credit Builder Loans
Credit builder loans are designed to help individuals build or improve their credit history. By making on-time payments, borrowers can demonstrate creditworthiness and eventually qualify for traditional credit cards.
Unsecured Credit Cards for Bad Credit
Some credit card companies offer unsecured credit cards for individuals with bad credit. These cards may come with lower limits initially but can be increased over time with responsible credit usage.