Best Credit Card For Bad Credit In 2024

A low credit score can stem from a variety of reasons and can affect your financial well-being. Whether it's missed loan payments, outstanding credit card balances or frequent new credit applications, these factors can lower your credit score. Learn our tips for dealing with bad credit and get solutions to common support inquiries.

What is the easiest card to get with bad credit?

Secured credit cards are often the easiest type of credit card to get with bad credit. These cards require a security deposit, which acts as collateral, making them less risky for lenders.

Is it possible to get a credit card with poor credit?

Yes, it is possible to get a credit card with poor credit, although your options may be limited. Secured credit cards are generally more accessible for individuals with poor credit because they require a security deposit rather than relying solely on credit history.

Which bank approves credit cards easily in Australia?

Some banks in Australia are known for offering credit cards with relatively lenient approval criteria, making them more accessible to individuals with limited credit history or lower credit scores. Here are a few banks and financial institutions in Australia that are often considered to be more accommodating in terms of credit card approvals:

Commonwealth Bank

Australia and New Zealand Banking Group

Westpac

National Australia Bank

St. George Bank

It's important to note that approval criteria can vary depending on individual circumstances, so it's advisable to research and compare the specific credit card options offered by different banks to find the best fit for your financial situation. Additionally, secured credit cards or credit-building products may be good options for those looking to establish or rebuild their credit history.

What's the lowest credit score to get a credit card?

There is no set minimum credit score required to get a credit card, as approval criteria vary between card issuers. However, individuals with credit scores below 600 may have difficulty qualifying for traditional unsecured credit cards and may need to consider secured credit cards or credit-building cards.

How do I build credit if nobody will give me a credit card?

If you're having difficulty getting approved for a credit card, consider alternative ways to build credit, such as becoming an authorized user on someone else's credit card, applying for a secured credit card, or taking out a credit-builder loan. Additionally, make sure to regularly check your credit report for errors and work on improving your credit score through responsible financial habits, such as paying bills on time and keeping credit card balances low.