Which Are The Top 5 Credit Cards For Applicants With Poor Credit?

A credit score of 750 and above is considered ideal to get the best credit cards. You can get credit cards even with a lower credit score that come with many basic and attractive features. Applicants with poor credit can try these 5 cards: 

  • SBI Advantage Plus Credit Card
  • Axis Bank Insta Easy Credit Card
  • Kotak Mahindra Aqua Gold Credit Card
  • ICICI Bank Coral Credit Card
  • HDFC Money Back Credit Card

Why should I go for a secured credit card if I have a low credit score? Is it possible to obtain a credit card without a credit score?

It would be a good idea to apply for a secured credit card in case of low credit score. Having an FD with the bank will help you get a credit card. The FD amount determines your credit limit. A minimum of Rs. 20,000 FD is required to get a credit card. And based on the deposit amount, your credit limit will also increase. Only a few credit cards are specifically designed to help you improve your credit score. With a consistent source of income, you can also qualify for a credit card.

Additional Read: Tips to Improve Your Credit Score

Are there any joining fees and annual fees on these credit cards? If I don't use my credit card, will I be charged an annual fee?

Yes, these credit cards may charge you an annual fee and joining fees. Regardless of whether you use your card or not, you will be charged an annual fee. If you use your card frequently, though, you may be eligible for an annual fee waiver from the provider.

Will I get features like cashbacks and reward points on these cards too? 

Yes, these cards will also offer features like cashbacks and reward points for your spends. 

Will I need to provide any additional documents to get these credit cards? 

You will need the same documentation as regular credit cards for these too.