[DISCLOSURE: Cards from our partners are mentioned below.]
If you have bad credit, you may think you’re automatically unqualified for credit cards that offer cash back or travel rewards. For many cards, that may be true.
But you’re not necessarily locked out of earning rewards completely. While most credit cards for people with poor credit don’t have many perks, gas cards, travel cards, and cash back cards for bad credit are available.
Here are our picks for the best rewards credit cards for bad credit:.
Official NASCAR Credit Card from Credit One Bank
Why We Picked It: NASCAR fans will get something extra out of this card.
Benefits: Cardholders earn 1% cashback on all qualifying purchases and double cashback on purchases at the NASCAR.com shop, as well as exclusive offers and discounts from NASCAR partners.
Drawbacks: If you’re not a NASCAR fan, you won’t get much out of this credit card.
Credit Needed: Applicants with poor credit or no credit are eligible to apply for this credit card.
How Can Bad or Poor Credit Affect Credit Card Eligibility
Credit affects many aspects of your life—including the credit cards you can apply for. All credit cards have some sort of credit requirements that applicants must meet to be approved, which means many cards will not approve you if you have poor or bad credit. If your credit score is low, a secured card or other card specifically designed for bad credit can help you rebuild your credit.
How to Choose the Best Rewards Credit Card for Bad Credit
It may not seem like it, but there are many credit card companies for people with bad credit. Choosing a rewards card for bad credit depends on your financial circumstances. One of the most important reasons to get a card for poor credit is to rebuild your credit, so you’ll want to choose a card that can help you do that.
Pay attention to the fees and APR associated with any card you’re considering. While a security deposit for a secured card may seem like a steep up-front expense, it might be worth it if you can avoid higher fees later and improve your credit health.
Choose a card that rewards your spending habits and provides incentives for the types of purchases you tend to make. And make sure you’re avoiding these seven red flags as you’re deciding on a credit card for bad credit.
What Is Required to Get a Rewards Card with Bad Credit?
Many credit cards for bad credit are available to consumers with a checkered or nonexistent credit history, but that doesn’t mean you’re guaranteed to qualify. Before you apply, you should know your credit score so you can have a better idea of what cards are right for you. You can check your credit report for free with Credit.com.
At publishing time, the the Official NASCAR Credit Card from Credit One Bank are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for these cards. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved, or otherwise endorsed by the issuer(s).
Note: It’s important to remember that interest rates, fees, and terms for credit cards, loans, and other financial products frequently change. As a result, rates, fees, and terms for credit cards, loans, and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees, and terms with credit card issuers, banks, or other financial institutions directly.