When you start to rebuild credit one of the first credit cards people get (unsecured bad credit credit card ) is the First Premier credit card. First Premier has been around for a LONG TIME. And there really isn’t anything wrong with this card. I think it gets promoted by some people in the wrong way and so their clients feel cheated when they find out there are other unsecured bad credit credit cards out on the market with fewer fees and bigger credit limits.
So this post is not going to BASH the First Premier credit card. It may be a good fit for you. Or maybe you have a first premier card but you are looking for other unsecured bad credit credit cards to help rebuild your credit. But what this article will do is give you 3 great alternative unsecured bad credit credit cards that you can apply for
|First Premier Credit Card||Total Visa® Card||Indigo® Mastercard®||First Access Visa® Card|
|for Less than Perfect Credit|
|One time fee||$95||$89.00||$89.00|
|Annual fee||$75 – $ 125.00 for first year||$75.00 for first year||$0 - $99||$75.00 for first year|
|$45 – $49 annually thereafter||$48.00 annually thereafter||$0 - $99 annually thereafter||$48.00 annually thereafter|
Why we like these cards
Much like the First Premier credit cards, these 3 alternative credit cards are:
- Unsecured credit cards – meaning you don’t need a security deposit.
- Easy approval – these credit cards are people with poor or bad credit. So even if you have a low credit score you may still get approved!
- TIP: The Indigo credit card uses a SOFT INQUIRY. Most credit card companies use a hard inquiry when they are reviewing your credit report which will drop your credit score a few points. When a company uses a soft inquiry, that means it will NOT bring down your credit score when you apply!
- Interest rates fall within the industry standard. If you want to find some REALLY low interest rate credit cards for people with bad credit, check out our secured credit cards. They do require a security deposit but interest rates on them are around 9%
- Annual fees: Keep in mind most of these cards charge an annual fee based on your credit score. The lower your credit score the higher the annual fee. As you use your credit card and improve your credit, make sure to call the credit card company and get your fees adjusted.
Continuing your credit improvement journey
All these credit cards are “credit builders” they are meant to help you start your credit improvement journey. But don’t just stop here. If your credit report is full of late payments and charged off accounts. Getting 1 line of credit that will be in good standing is a good start. But you need to keep building new POSITIVE tradelines and work on removing some of that negative information.