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Having a bad credit score can be a major hindrance when it comes to getting a credit card. This can be especially frustrating for those who love to travel and want to earn rewards while doing so. However, there are travel credit cards available for people with bad credit that can help them earn rewards and improve their credit score at the same time. In this article, we will discuss the best travel credit cards for bad credit.
What are Travel Credit Cards for Bad Credit?
Travel credit cards for bad credit are credit cards that are designed for people with poor credit scores. These cards offer rewards and benefits that are typically associated with travel credit cards, such as airline miles, hotel points, and cash back. However, they also come with higher interest rates and fees compared to regular credit cards.
How Can Travel Credit Cards Help Improve Your Credit Score?
One of the main benefits of using a travel credit card for bad credit is that it can help improve your credit score. By using your credit card responsibly and making payments on time, you can gradually improve your credit score over time. Additionally, some travel credit cards for bad credit offer credit monitoring services that can help you keep track of your credit score and identify any areas that need improvement.
The Best Travel Credit Cards for Bad Credit
| Credit Card | APR | Minimum Credit Score | Rewards |
|---|---|---|---|
| Capital One Secured Mastercard | 26.99% | Bad | Cash back |
| Discover it Secured | 22.99% | Bad | Cash back |
| Citi Secured Mastercard | 22.49% | Bad | Cash back |
| OpenSky Secured Visa | 17.39% | Bad | N/A |
Here are some of the best travel credit cards for bad credit:
1. Capital One Secured Mastercard
The Capital One Secured Mastercard is a great option for those with bad credit who want to earn rewards while improving their credit score. The card offers cash back rewards and has a minimum security deposit of $49, depending on your creditworthiness.
2. Discover it Secured
The Discover it Secured credit card is another great option for those with bad credit. The card offers cash back rewards and a minimum security deposit of $200, depending on your creditworthiness. Additionally, the card offers free access to your FICO credit score, allowing you to monitor your credit score and make improvements over time.
3. Citi Secured Mastercard
The Citi Secured Mastercard is a great option for those with bad credit who want to earn cash back rewards while improving their credit score. The card has a minimum security deposit of $200, depending on your creditworthiness, and offers a range of benefits, including travel accident insurance and extended warranty coverage.
4. OpenSky Secured Visa
The OpenSky Secured Visa is a great option for those with bad credit who want to improve their credit score without having to pay a lot in fees. The card has no credit check and a minimum security deposit of $200. It also offers a range of benefits, including online account access and fraud protection.
Conclusion
Travel credit cards for bad credit can be a great way to earn rewards while improving your credit score. However, it’s important to use these cards responsibly and make payments on time in order to avoid high fees and interest rates. By doing so, you can gradually improve your credit score and enjoy the benefits of these travel credit cards.
Frequently Asked Questions
Can I get a travel credit card with bad credit?
Yes, there are travel credit cards available for people with bad credit. These cards typically offer rewards and benefits that are associated with travel credit cards, such as hotel points and airline miles.
What is a secured credit card?
A secured credit card is a credit card that requires a security deposit. This deposit is used as collateral in case you are unable to make payments on your credit card.
Can using a travel credit card help improve my credit score?
Yes, using a travel credit card responsibly and making payments on time can help improve your credit score over time. Additionally, some travel credit cards for bad credit offer credit monitoring services that can help you identify areas that need improvement.