Key Features of a Bad Credit Credit Card

Do you have bad credit? Is this stopping you from reaching some or all of your financial goals?

Although you may be in a bad spot right now, there are steps you can take to dig your way out in the days, weeks, and months to come.

One of the best ways to improve bad credit is through the use of a credit card. Of course, there is more to this than simply applying for a credit card and making purchases. You also need to make on-time payments (every time).

If you find yourself searching for a bad credit credit card, here are some of the top features to look for:

• Cash back. Just because you have bad credit doesn’t mean you can’t access a credit card with rewards. For example, the Credit One Bank Cash Back Credit Card offers one percent cash back on all eligible purchases.
• Reporting to all major credit bureaus. This is extremely important, as you want to prove that you are using your credit card in a responsible manner. When your activity is reported, you have the opportunity to build your credit and boost your score.
• Ability to choose your payment due date. This is a big deal for many, as it allows you to choose a date that fits your budget. Subsequently, there is less chance of missing a payment.
• No deposit requirement. With a secured credit card, you need to make a deposit in order to use the card. While there is nothing wrong with this if it’s your only option, there are bad credit credit cards that don’t require a deposit. This is where you want to begin your search.

These are just a few of the most important features of a bad credit credit card. There are many other details that you may want to consider as you compare offers and attempt to make a final decision.

Bad credit is only temporary. By taking the right steps, you can slowly begin to push your credit score higher and higher. Soon enough, you’ll look back and realize that your bad credit credit card played a big role in your transformation.

Have you used a bad credit credit card in the past? Which one? Did it allow you to get your finances back on track? Share your thoughts and personal experiences in the comment section below.