Best Credit Card For Travel With Low Credit Score
If you have a low credit score, finding a credit card that rewards you for travel might seem like an impossible task. Luckily, there are credit card options available that cater to individuals with low credit scores. The following credit cards offer fantastic travel rewards without requiring excellent credit.
Capital One® QuicksilverOne® Cash Rewards Credit Card
The Capital One® QuicksilverOne® Cash Rewards Credit Card is an exceptional option for those with less than perfect credit. This credit card offers 1.5% cashback on all purchases without any rotating categories, which can be redeemed for travel expenses or any other purchase. Additionally, cardholders receive travel accident insurance and extended warranty coverage. With responsible use, the Capital One® QuicksilverOne® Cash Rewards Credit Card can help individuals build their credit score while earning significant travel rewards.
Discover it® Secured Credit Card
The Discover it® Secured Credit Card is an excellent credit card option for those who are rebuilding their credit score. This credit card offers cashback rewards of up to 2% on restaurants and gas station purchases and 1% on everything else. The significant benefit of this credit card is that Discover matches all cashback rewards earned in the first year of ownership. Additionally, Discover it® Secured Credit Cardholders receive free access to their FICO® credit score to monitor their credit-building progress. Building credit with a secured credit card is an excellent option for individuals who cannot qualify for an unsecured credit card.
Capital One® Secured Mastercard®
The Capital One® Secured Mastercard® allows cardholders to build their credit score while earning travel rewards. The credit card requires a security deposit of $49, $99, or $200, depending on the credit score of the applicant. With responsible use of this credit card, Capital One may increase the credit limit without an additional security deposit required. Cardholders receive 1% cashback on all purchases and have access to higher credit lines. Additionally, the Capital One® Secured Mastercard® offers 24-hour travel assistance services and extended warranty coverage.
Petal® 1 "No Annual Fee" Visa® Credit Card
The Petal® 1 "No Annual Fee" Visa® Credit Card offers a unique benefit to its cardholders. The credit card evaluates an applicant’s bank account, cash flow, and payments of household bills to determine the individual’s creditworthiness. When using this credit card responsibly, cardholders are not charged an annual fee and no late fees for missed payments. The Petal® 1 "No Annual Fee" Visa® Credit Card offers up to 1.5% cashback on all purchases, including travel. Cardholders receive tailored advice from Petal's customer service team to improve their credit score and better manage their finances.
Citi® Secured Mastercard®
The Citi® Secured Mastercard® is an excellent option for individuals who have poor credit scores. By providing a security deposit, individuals can rebuild their credit score by responsibly using this credit card. The credit card offers no annual fee, 24/7 customer service, and automatic account review for potential credit limit increases. Citi® Secured Mastercard® cardholders receive worldwide travel accident insurance and car rental insurance, providing peace of mind while traveling. This credit card is a great option for anyone looking to build their credit score while earning travel rewards.
In conclusion, Building credit is essential for various reasons, from borrowing money for a car or home to getting good insurance rates. Using a credit card, particularly one with travel rewards, is an effective way to improve your credit score. When looking for a credit card for travel rewards, consider the above options that cater to individuals with low or poor credit scores. It's essential to use these credit cards responsibly to avoid additional debt and negative credit impact. Choose the best credit card for you, stay within your limits, and you'll soon be on your way to excellent credit and exciting travel rewards.
