Apply For A Bad Credit Secured Credit Card—Improve Your Credit History

Anyone needing to improve their bad credit score may be able to improve their credit history by using a secured credit card.  Secured credit cards are available from a number of reputable lenders, offer competitive interest rates, and can be used like an unsecured credit card.

Improving your credit history takes buying on credit and paying off those bills on time.  This can be difficult if you have a bad credit score as many unsecured credit cards will only offer a higher interest rate for someone with bad credit and high interest is one of the common reasons people miss or get behind on payments, which leads to a low credit score.

Secured credit cards are backed by collateral so, typically, lenders are able to offer lower interest rates on these cards.  Cardholders then are in a better position to make credit purchases and pay them off in a timely manner, which is going to equal a good credit history and higher credit score.

Shop around for a secured credit card before you commit and be sure you are getting the best rate you can.  Also, working with a reputable lender is more than likely going to steer you in the right direction and away from secured credit card offers that are going to charge excessive fees that will hinder rather than help you in rebuilding your credit score.